2829 FORBES Street
About This Property
There has been a nationwide decline in the McMansion craze. Separate formal living and dining spaces are out, kitchens, great rooms and outdoor entertaining spaces are in.
Many factors play a role in the desire to downsize, less to manage in terms of energy and water consumption, a desire for a lower maintenance lifestyle, a focus on livability and a less is more philosophy and the opportunity to now own homes that operate with optimal efficiency using smart home technology.
These JEWEL BOX HOMES appeal to a wide variety of demographics including young professionals and newlyweds, as well as two fast-growing segments: empty nesters and retirees. Living spaces are built to human scale. Architectural details add beauty and character. Human needs take priority. The focus is on good design, not size. (taken from Quora, What is a Jewel Box home?)
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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 |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Jun 14, 2024 | Listed by LISA DUKE REALTY LLC | $375,784 | |
| Listed by LISA DUKE REALTY LLC | |||
| Jul 1, 2020 | Sold | ||
| Sold | |||
| May 8, 2020 | Listed by LISA DUKE REALTY LLC | $205,000 | |
| Listed by LISA DUKE REALTY LLC | |||
Property Highlights
Building Info
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Price/ft²
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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017