3820 FOREST Boulevard
About This Property
Priced nearly $100,000 below market value, this rare opportunity is perfect for savvy investors or buyers ready to add value. Located directly across from Windy Hill Elementary, this concrete block home sits on over half an acre with no HOA. Ideal for adding an ADU, workshop, or income-producing unit.
The lot features multiple storage sheds, a large backyard that can be cleared for expanded use, and endless potential. With the right updates, this could become a fantastic rental, flip, or primary residence with built-in equity.
Located minutes from Southside Blvd, JTB, and St. Johns Town Center. Opportunities like this don't last long.
Cash or renovation financing preferred.
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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 17, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Sep 23, 2025 | Listed by NAVY TO NAVY HOMES LLC | $150,000 | |
| Listed by NAVY TO NAVY HOMES LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017