5502 Forest Cove Drive
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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 |
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| Feb 1, 2022 | Sold | ||
| Sold | |||
| Jan 7, 2022 | Listed by RE/MAX Fine Properties | $130,000 | |
| Listed by RE/MAX Fine Properties | |||
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Build your custom dream home in highly sought out community. This lot is higher elevation oppose to lots in subdivision. The owner has over 80 truck loads of dirty on the property for Buyers connivence for lot elevation because of changes in city ordnance. The other lots in community are prohibited from doing the same. Make an appointment for drive by today.
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| Aug 10, 2020 | Sold | ||
| Sold | |||
| Jun 4, 2020 | Listed by Red Door Realty & Associates | $99,500 | |
| Listed by Red Door Realty & Associates | |||
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START BUILDING YOUR DREAM HOME TODAY! ONE OF A KIND LOT IN THIS HIGHLY SOUGHT AFTER CUSTOM HOME NEIGHBORHOOD. THIS LOT SITS HIGH ABOVE ALL NEIGHBORING LOTS. THE OWNER HAD OVER 80 TRUCK LOADS OF DIRT DELIVERED TO RAISE THIS LOT. DUE TO A CHANGE IN CITY ORDINANCE THE REMAINING LOTS IN THE COMMUNITY ARE PROHIBITED FROM DOING THE SAME. ALL THE WORK ON THIS LOT IS COMPLETE AND IT IS READY FOR YOU WITH THE LOT RAISED AND THE TREES REMOVED. BRING YOUR BUILDER AND MAKE YOUR DREAMS COME TRUE WITH THIS FABULOUS LOT. DON'T DELAY CALL TODAY!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017