226 FOREST AVE
About This Property
As you make your way to the lower level, you are greeted by a massive living space with a cozy gas converted fireplace. The perfect family room for tv watching by a warm fire in the winter months. A stylish wet bar and beverage cooler are conveniently situated on this level for making life just a little bit sweeter. A very large 4th bedroom is adjacent to the living space and can be used as an in-law space (requiring no stairs) as well as anything else that tickles your fancy like a game room, a play room, a hobby room etc. A full bathroom and laundry room are also located on this level. Spacious garage includes two large spaces, one of which could be used as a workshop, additional storage, or finished into a work out space.
The icing on the cake is that....you are living in the Lake Pine community! Lake Pine features three sandy beaches. You can kayak, canoe, swim, and fish. The community also offers a club house available to rent, tennis courts and athletic fields. This is your opportunity to enjoy the lake life you've been dreaming about and the feeling of being on vacation all year long.
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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 |
|---|---|---|---|
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Oct 8, 2023 | In contract | - | |
| In contract | |||
| Sep 26, 2023 | Price Decreased |
$599,900
↓ $40K
(6.3%) | |
| Price Decreased | |||
| Sep 16, 2023 | Listed by HomeSmart First Advantage Realty | $639,900 | |
| Listed by HomeSmart First Advantage Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017