1607 FOREST Avenue
About This Property
THE LIVING SPACE IS FAIRLY OPEN WITH A WOOD BURNING FIREPLACE. IT FEELS LARGER. WAITING FOR NEW OWNER TO MAKE IT THEIR OWN. IT NEEDS UPDATING & SOME LOVE. PLENTY OF ROOM TO EXPAND. BEING SOLD AS IS.
THE HOME HAS A WELL FOR IRRIGATION AND AN IRRIGATION SYSTEM IN FRONT & BACKYARD.
ROOF JULY, 2021, HOME WAS NEWLY PLUMBED WITH PEX IN 2023. WATER HEATER 2023, HVAC AND DUCT WORK & VENTS IN 2011, UPDATED ELECTRIC & ELECTRIC PANEL, BUILT IN 1961, HEART PINE FRAMING, CEDAR SIDING, TERMITE BOND IN PLACE, WINDOWS REPLACED IN 1998.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Sep 24, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Listed by ENGEL & VOLKERS FIRST COAST | $575,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017