3831 Forest Trail
About This Property
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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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Price Decreased |
$695,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| May 14, 2024 | Listed by Coldwell Banker Sneller Real Estate | $700,000 | |
| Listed by Coldwell Banker Sneller Real Estate | |||
| Nov 14, 2023 | Listed by Coldwell Banker-Sneller Real Estate | $725,000 | |
| Listed by Coldwell Banker-Sneller Real Estate | |||
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Imagine sitting on the deck enjoying the calm sweeping views of Lake Allegan. Captivating design with a seamless blend of indoor-outdoor living, sunken great room with floor to ceiling glass. remodeled kitchen with center island, waterfall-quartz countertops and new appliances. Primary Bedroom Ensuite with French doors to patio with gas firepit, walk-in closet and large garden tub. New LVP flooring throughout. Open stair case. Cedar-walled 6 person hot tub room. Daylight basement with Video projection system and pool table. In-ground pool with tiered decking, and Gazebo, stairway to water, dock. Outbuilding with Concrete floors and electric. 25 acres owned by Association across private road, includes natures trails for added enjoyment. (no hunting) Sorry no Short term rentals allowed Lake Allegan is owned by Consumers Energy with water levels controlled by the Calkins Dam.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017