2531 Forge Stone Drive
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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 |
|---|---|---|---|
| Apr 4, 2023 | Sold | ||
| Sold | |||
| Jan 14, 2023 | Listed by NB Elite Realty | $329,900 | |
| Listed by NB Elite Realty | |||
| Aug 26, 2021 | Sold | ||
| Sold | |||
| Jul 27, 2021 | Listed by Keller Williams Realty | $189,000 | |
| Listed by Keller Williams Realty | |||
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Welcome home to 2531 Forge Stone in the heart of Friendswood. Located in the highly desired subdivision of Heritage Park, this adorable 1 story home is nestled at the end of a quiet cul-de-sac. Property is perfect for anyone looking to customize their own remodel or purchase as an investment property to flip. Home has solid bones w/a fantastic open layout. Property is ready for anyone looking for a fun, easy project. Little, to no interior walls need to be demoed as the property already has a very open floor plan. Sheetrock was removed (some already replaced) & mold remediation done after Harvey. Interior doors have already been purchased as well as bathroom cabinets. Not all have been re-installed. Conveniently located by Friendswood schools, churches, shopping, NASA Space Center & more! Galveston is just 30 minutes away for a quick beach getaway & the Juice Box is located 30 minutes the other direction. Desirable backyard w/covered patio & custom built outdoor kitchen!
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About Heritage Park
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Last Updated: 5 months ago
Data Source: HAR , MLS# 86049179
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017