29 FORMAN 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 |
|---|---|---|---|
| Oct 4, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by Hometown Real Estate Group | $299,900 | |
| Listed by Hometown Real Estate Group | |||
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OPEN HOUSE CANCELLED, NO MORE SHOWINGS. SELLER HAS ACCEPTED OFFER. You are going to fall in love with this absolutely adorable cape cod! Welcome to 29 Forman Drive, situated on a cute street in the coveted Hamilton School District, this one of a kind home is sure to impress. Upon pulling up into the freshly coated asphalt driveway, you will notice the excellent curb appeal complemented by well manicured shrubs and plants. The added carport is perfect for storage and parking for days of inclement weather. Head into the home and you will be greeted by fresh neutral toned paint, beautiful trim work, and well maintained original hardwood floors. You will notice the downstairs rooms have been adjusted to provide a lot of open living space, as the home boasts a living/ dining room (depending how you want to set it up), Den/ office space, as well as a small family room area. For someone looking for a 3rd bedroom, the den could be easily updated back into a downstairs bedroom, as it was created by taking the walls out here. This is complemented by a nicely updated full bath. Head back to the main living area and walk towards the kitchen where you will find freshly painted cabinets, new oven, stainless steel fridge, gas cooking top, and dining area. There is also access to the basement from here, which has been studded, and has electric lines installed already for easy finishing. Walk up the stairs to the 2nd floor, where you will find two nicely sized bedrooms, and another updated full bath. The master bedroom is sure to impress, as you will notice the french doors which lead to your deck balcony overlooking the large backyard, the perfect place to drink your morning coffee. To add even more value to this property, head out back to enjoy your large, fully fenced backyard with patio, trellace, and a perfect tree for a tire swing or tree house. Single family living at it's finest! All of this, including newer roof and HVAC, proximity to major roadways to New York, Philadelphia, and the prized Jersey Shore, and you have the perfect place to call home. Make sure to schedule your tour today!
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| Feb 28, 2020 | Sold | ||
| Sold | |||
| Aug 14, 2019 | Listed by Keller Williams Premier | $249,000 | |
| Listed by Keller Williams Premier | |||
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Lovely two-bedroom Cape Cod with 2 baths, living room, family room, dining room, vaulted ceiling in master bedroom and a full basement. Large fenced backyard with shade trees. Good location and schools. New Heating/ Air Conditioning System
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| Jun 17, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017