Lots 211 & 212 Forest Oak Drive
About This Property
Somerville. Whether you're dreaming of parking your RV, setting up a manufactured home, or creating basecamp for lake adventures,
this property offers it all. Bring your boat, jet skis, or ATV's , there's plenty of room to store your toys and enjoy everything Lake
Somerville has to offer. With community water available and electric nearby, you're already a step ahead toward building out your
setup. Enjoy the peaceful country vibes with the quick access to the state park for fishing, hiking, boating, and camping. NO HOA,
flexible use, and ready for your personal touch-don't miss out on this lake area gem!
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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 |
|---|---|---|---|
| Jan 29, 2026 | Listed by Oro Realty | $75,000 | |
| Listed by Oro Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017