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1607 Forest ST
About This Property
The 2-story layout offers 3 spacious bedrooms, 2 stylish bathrooms, and versatile loft, playroom or office space. The heart of this home is its open-concept living area, featuring high ceilings and hardwood floors that flow seamlessly into the dining area and kitchen. Updated kitchen is well equipped with an oversized breakfast bar and new appliances, making it perfect for both everyday living and entertaining.
Conveniently located on the main floor, the primary suite offers a beautifully appointed spa-like bathroom featuring a double vanity sink, artisan tilework, frameless glass shower and generous walk-in closet. Additional bedrooms allow comfortable spaces for family members or guests.
Step outside to discover a shaded backyard with majestic trees, freshly painted deck and firepit area perfect for relaxing or hosting gatherings. Don't miss out on this opportunity, as this property truly captures the essence of Old Georgetown living with its coveted location and fresh design.
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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 |
|---|---|---|---|
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by Compass RE Texas, LLC | $575,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017