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5381 Forest Way
About This Property
Outdoor Paradise-The grounds are a gardener's dream, featuring a vibrant collection of perennials designed to bloom year-round. Follow the winding paths to the back of the property, where a peaceful stream flows under a charming bridge, the ultimate spot for morning coffee or afternoon reflection. The expansive covered front porch provides a grand welcome and place to gather.
Hobbyist's Dream-Beyond the main house, you'll find a massive detached workshop/garage featuring a double door, ideal for car enthusiasts, woodworkers, or a home business. Additional storage buildings on-site ensure there is plenty of room for all your outdoor gear and equipment.
Comfort & Convenience-Inside, the home is equipped for modern ease, including a dedicated laundry area with washer and dryer, and water purification system.
Whether you're looking for a quiet homestead, a creative workspace, or a private family getaway, this property offers a rare level of seclusion without sacrificing utility.
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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