342 E Bayou Forest Drive
About This Property
Details throughout the home include a tongue-and-groove ceiling in the foyer, an epoxy-finished garage floor, and a Bahama gravel driveway .The large covered and screened back porch extends the living space outdoors and takes full advantage of the home's water views.
Outside, the newly built dock provides a private place to enjoy the waterfront, launch a kayak, fish, or simply take in the view. With new construction, minimal use, 80 feet of water frontage, and a dock already in place, this is an opportunity to purchase a home that feels brand new without waiting for the construction process.
The home is vacant and unfurnished. Most photographs have been virtually staged for illustrative purposes to demonstrate the potential use and arrangement of the spaces.
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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 |
|---|---|---|---|
| Nov 4, 2026 | Listed by Scenic Sotheby's International Realty | $1,395,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017