39615 FOREST DRIVE
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 |
|---|---|---|---|
| May 20, 2025 | Sold | ||
| Sold | |||
| Apr 24, 2025 | In contract | - | |
| In contract | |||
| Apr 15, 2025 | Price Decreased |
$309,900
↓ $25K
(7.5%) | |
| Price Decreased | |||
| Apr 10, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Listed | $335,000 | |
| Listed | |||
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DIAMOND IN THE ROUGH PROPERTY WITH INCREDIBLE WETLAND VIEWS! -- Home Sold As-Is, No Repairs to be Made. -- This 3-Bedroom, 3-Bath Home (3rd Bath Sink & Shower Function, Toilet Turned Off or Currently Not Functional), sits on 5.31 Acres in the Desirable Forest Lakes & Hills Community, offering 3.68 acres of Usable Land and 1.63 acres of Serene Wetlands (Snipe Lake). -- This Property has a Security Gated Entrance (Solar Powered) -- With 2,400 sq. ft. of Living Space, Large Bedrooms, Multiple Outdoor Areas to Enjoy Nature and Wildlife, and a 2023 ROOF, this home is FULL OF POTENTIAL. -- Features include a Spacious Kitchen with Cooking Island, a 29 Ft x 23 Ft Living Room with FIREPLACE AND BUILT-IN BAR, Formal Dining Room, Primary Bedroom with Built-in Office Desk & Shelving, Fireplace and Walk-in closet/Laundry Room, En-Suite Bathroom, Two Guest Rooms, Both with Closets, Guest Bath with Tub/Shower Combo and an OVERSIZED 2-car garage. -- Enjoy privacy with NO HOA and BREATHTAKING VIEWS from the Florida Room, and Screened Lanai’s! -- Buyer to verify all information and Measurements. Schedule your Showing Today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017