38 Forest Trail
About This Property
The partially finished basement provides additional space-ideal for guests, a recreation area, or entertaining. Major systems have been consistently cared for, including recently serviced cesspools and a well-maintained oil burner and appliances.
Set on a private property surrounded by state and county parkland, this home offers a peaceful, nature-filled setting. Features include a detached one-car garage and plenty of outdoor space to enjoy.
Located within the sought-after Lake Panamoka community, with optional HOA membership offering beach and lake rights. A beloved neighborhood known for its strong sense of community, where generations of residents return year after year.
A wonderful opportunity for a new owner to update and make it their own while enjoying all this unique location has to offer.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017