40 Forest Lake Rd
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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | Listed by Century 21 North East | $449,000 | |
| Listed by Century 21 North East | |||
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Four season fun in this 2 story waterfront Cape with direct access and a beautiful view of Forest Lake. A lake lover's delight with an open floor plan & Cathedral ceilings. First floor bedroom & bath. Upstairs is a loft with 2 bedrooms and 1/2 bath. Loft area makes a great office space. Walk out basement with laundry area. Plenty of room on the patio to entertain and outdoor cooking in the fireplace while overlooking the lake. Large dock for you to sit on or tie your boat or kayaks and be ready for your spin around the lake or fishing. Relax in the open living room area to eat a meal or just enjoy your peaceful lake view. Place your treadmill in the window for a scenic stroll! The living room is a great place to read or just relax with family and friends. What a way to start your day, sipping your morning coffee and enjoy the lake view. Great memories will be made here for sure!
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| May 30, 2014 | Sold | ||
| Sold | |||
| Feb 13, 2014 | Listed by Century 21 North East | $269,900 | |
| Listed by Century 21 North East | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017