2015 Forest Park Drive
About This Property
Situated on a large private lot with no neighbors behind or to the side, the property backs directly to picturesque walking and mountain-biking trails, perfect for nature lovers. And BEST yet, you'll see peacocks visiting your front yard daily!
Enjoy entertaining under the cedar-covered patio with gas hookup, or relax on the custom deck added 3 years ago. The fence was replaced about a year ago, adding value and low-maintenance convenience. Water heater is brand new, replaced Nov. 2025. Both HVAC air handlers replaced around a year ago.
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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 |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Nov 21, 2025 | In contract | - | |
| In contract | |||
| Nov 13, 2025 | Listed by eXp Realty, LLC | $409,900 | |
| Listed by eXp Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017