44 Forest Drive
About This Property
undergoing renovations, some being rebuilt due to popularity of area. There is a living
room, a large kitchen, spacious dining area, large pass-through kitchen window. Second level has large
family area, 2 bedrooms. The home has a 5 year old hot water heater, a new furnace and a new septic system.
There is a separate garage, for car or boat, with a cottage style storage area above it. The home is anchored around beautiful
Lake Zoar and allows (ROLZA) membership at two levels- The first which gives you access to the Pavilion, beach and
swimming in Lake Zoar for $55 and the second which gives you access to the Pavilion, beach, swimming in Lake Zoar, nonmotorized
watercraft launch and use of the boat ramp to launch a motorized watercraft for $90. Membership fees are yearly.
The property offers so many possibilities as a starter home, lake-side living or a reclusive get-a-way. Additional Information: ParkingFeatures:1 Car Detached,
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017