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1915 Oak Forest DR
About This Property
In addition to the main home, the property offers two additional rooms off the garage that could be ideal for a home office, studio, hobby space, workout room, or extra storage. A separate guest house, built in 2007, adds even more versatility with a main room, three additional rooms, a bathroom, and a charming potbelly stove. This setup creates exciting possibilities for guests, extended living, creative work, or potential business use, subject to buyer verification of zoning and restrictions.
No HOA, a low tax rate of approximately 1.5%, and a setting among other larger properties make this a special opportunity for buyers seeking space and privacy without sacrificing convenience. Located near Brushy Creek Regional Trail, Old Settlers Park, Rock'N River Water Park, Dell Diamond, shopping, dining, and major roadways, this property offers the best of both worlds: room to spread out and a location that keeps everything within easy reach.
Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
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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 |
|---|---|---|---|
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Aug 25, 2026 | Price Decreased |
$899,900
↓ $50K
(5.3%) | |
| Price Decreased | |||
| Aug 9, 2026 | Price Decreased |
$949,999
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$975,000
↓ $25K
(2.5%) | |
| Price Decreased | |||
| Jun 29, 2026 | Listed by Orchard Brokerage | $1,000,000 | |
| Listed by Orchard Brokerage | |||
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About Great Oaks
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$2,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017