51 Forrest Lane
About This Property
Discover a unique opportunity to own a creekside lot along the banks of East Fork Lukfata Creek in the Hochatown area. Lot 570 offers a natural setting with an elevation change that may provide opportunities to take advantage of the creekside surroundings when planning your future build.
Adding to the property's appeal, the neighboring property across the creek is owned by a timber company and is currently undeveloped, providing a peaceful, wooded backdrop and helping preserve the natural character of the setting.
Creekside lots without an existing cabin are increasingly hard to find in the Hochatown area. If you've been looking for a property with water frontage, mature natural surroundings, and the potential to create something special, Lot 570 is worth a closer look.
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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 |
|---|---|---|---|
| Sep 16, 2026 | Listed by ABW Edmond Inc (BO) | $124,005 | |
| Listed by ABW Edmond Inc (BO) | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017