39643 Forest Road
About This Property
two-story including a spacious family/game room (w/ used brick bar area), two floor-to-ceiling stone
fireplaces (one on each level), S.S. kitchen appliances including range, dishwasher & frig, vaulted
ceilings in living area, natural gas forced air heating, extensive decking both front and back, covered
patio, new roof (2023), new paint inside and out, single car attached garage and plenty of room for all
the toys (including boats & RV's) and all this sits on a huge 11,900 sq. ft. lot in high demand area of
Gilner Point just 500 feet from the lake. Furnishings are negotiable.
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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 11, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Aug 3, 2024 | Listed by KELLER WILLIAMS BIG BEAR | $635,000 | |
| Listed by KELLER WILLIAMS BIG BEAR | |||
Property Highlights
Building Info
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About Big Bear Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017