2047 FOREST GATE Drive W
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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%.
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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.
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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 |
|---|---|---|---|
| Jan 7, 2025 | Sold | ||
| Sold | |||
| Nov 21, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Price Decreased |
$470,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Oct 3, 2024 | Listed by CHAD AND SANDY REAL ESTATE GROUP | $480,000 | |
| Listed by CHAD AND SANDY REAL ESTATE GROUP | |||
| | |||
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** POOL HOME ** AMAZING LOCATION ** FENCED BACKYARD **
Discover your dream home in this beautifully maintained brick home, nestled in the quiet, family-friendly neighborhood of Somerset, located within Kensington. Boasting a split bedroom floor plan, this spacious residence offers a bright and airy atmosphere with stylish wood-like laminate flooring throughout. The expansive patio and backyard provide ample space for outdoor entertaining, while the huge in-ground pool is perfect for relaxation and enjoying the Florida sunshine! Enjoy the convenience of easy access to major roadways like Kernan, Atlantic Boulevard, and Highway 295, making commuting a breeze. Located between downtown Jacksonville and the beaches, this home offers the best of both worlds. Indulge in the resort-style amenities of the Kensington community, including a pool, tennis courts, and fitness center. With its prime location near shopping, dining, and Mayo Clinic, this stunning property is a must-see.
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| May 2, 2022 | Sold | ||
| Sold | |||
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017