2225 FOREST Boulevard
About This Property
Discover the potential of this remarkable property, situated on nearly an acre of land in the highly convenient Southside area. Whether you're looking for an outstanding investment or a versatile living arrangement, this property has it all.
Property Highlights:
• Main Home: Spacious 2,343 sq. ft. residence featuring 4 bedrooms and 2.5 baths, offering plenty of room for comfortable living.
• Guest Home: Generous 1,557 sq. ft. secondary dwelling with 3 bedrooms and 2 baths, ideal for extended family or rental income.
Rental Income Potential: The property is currently rented at $3,300/month by long-term tenants who are eager to stay, providing immediate and consistent cash flow.
Key Updates:
• Roof: Replaced in 2019 for added peace of mind.
• HVAC Systems: Both homes are equipped with heating and cooling systems.
• Water Heater: Brand new in the guest home for worry-free living.
This is a rare find th
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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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | Price Increased |
$349,999
↑ $999
(0.3%) | |
| Price Increased | |||
| Dec 6, 2024 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | $349,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | |||
| Feb 22, 2022 | Sold | ||
| Sold | |||
Property Highlights
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017