396 Forest Lake Road
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 |
|---|---|---|---|
| Oct 1, 2020 | Sold | ||
| Sold | |||
| Aug 25, 2020 | Listed by Lamacchia Realty, Inc. | $49,500 | |
| Listed by Lamacchia Realty, Inc. | |||
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Looking for a project? Great opportunity to own a cottage with deeded rights to Forest Lake! Not lake front, but very close by! Bring your ideas and your tool belt as this home needs some TLC. The Open floor plan offers a Living room with beamed cathedral ceiling, a propane stove, a wood burning fireplace and custom built in cabinetry. Two bedrooms with w2w carpet and ample closet space, a bathroom with stand up shower, 3 season screened in porch, a bonus room and attached storage! Wooded, level lot and pop up storage tent. Life is better at the lake! Come see all the potential this home has today! Use map to find lake access. Trees marked with pink to show way through the woods. SOLD AS IS. Property most likely will not be able to be financed.
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| Mar 9, 2019 | No longer available | - | |
| No longer available | |||
| Mar 8, 2019 | Sold | ||
| Sold | |||
| Oct 17, 2018 | Listed by BHG Masiello Keene | $49,900 | |
| Listed by BHG Masiello Keene | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017