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2014 Forest Oaks Drive
About This Property
Complementing the main house, the secondary residence is perfect for use as a mother-in-law suite or an income-generating rental. Spanning over 1,000 sq. ft., it includes 2 bedrooms, 2 bathrooms, and a stunning newly built master suite. Completely independent from the main house, apartment has its own address, electric and water meters, and its own central ac/heating unit.
Located just outside the 610 loop, this property is ideal for commuters with convenient access to major highways. The expansive outdoor kitchen and firepit provide an excellent setting for entertaining family and friends. Situated across the street from a magnet elementary school and a park perfect for families.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 21, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Listed by MetroPlus Realty | $459,000 | |
| Listed by MetroPlus Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017