503 FOREST VALLEY DR
About This Property
Newer deck with white vinyl and black rails - steps to lower level yard and patio. There is a outdoor elevator from the deck to the lower level, not working at this time. Deck, patio, walkways have been powerwashed. Front has full front porch with brick concrete wheelchair ramp to driveway.
Lower level has family room with wood fireplace and bar. Needs TLC to get updated. There is a place for a future bath, rough in. Washer and dryer located on the other side of the Family Room, slider to walkout to full patio and back yard with shed. Lots of space in the lower level for another bedroom and bath if needed. Great all brick ranch, walkout, hardwood flooring and updated kitchen and baths, windows, appliances, furnace, hwh, and roof. SOLD "AS IS," SELLER TO MAKE NO REPAIRS OR REPLACEMENTS
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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 |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | In contract | - | |
| In contract | |||
| Jan 20, 2025 | Relisted | $389,900 | |
| Relisted | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Jan 10, 2025 | Listed by Cummings & Co. Realtors | $389,900 | |
| Listed by Cummings & Co. Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017