4502 FORESTBURG LANE
About This Property
Original 2 bed/1 bath home is on tax record with estimated 800 sqft addition with primary en suite and second kitchen added on with permits not finalized. Septic drainfield is in front of home. Deed recorded as 1.45 acres. Tax record incorrect. All information is to be verified with buyer to do their own due diligence. LISTING AGENT REPRESENTS SELLER AND WILL NOT REPRESENT BUYER ON SALE.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Listed by Local Expert Realty | $249,900 | |
| Listed by Local Expert Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017