5508 Forest Cove Drive
About This Property
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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 11, 2022 | Sold | ||
| Sold | |||
| Sep 23, 2021 | Listed by INNOVA Realty | $665,000 | |
| Listed by INNOVA Realty | |||
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Come fall in love with this CUSTOM MODERN HOME that offers 4 bedrooms, 3.5 baths, & high-end finishes. As you walk in the front door, you will be greeted with a 20 Ft. ceiling foyer, an elegant oversized chandelier, & a sophisticated design spiral staircase. The formal dining area has a board and batten design with a stunning chandelier. It also has a gorgeous Kitchen with Quartz Countertops, marble backsplash, white farmhouse sink, top of the line Commercial style appliances, Walk in pantry, & a dry bar right next to kitchen. The living room features 20ft high ceilings & a stunning quartz fireplace! The owner's suite located downstairs boasts a huge walk-in closet, a lavish en suite spa bath, a massive rain shower, & his and hers Quartz vanities with undermount sinks. Upstairs you will have a bar with a balcony with double doors overlooking the beautiful backyard.This property sits on almost half an acre, No back neighbors, has Low HOA dues & it was built HIGH to prevent any flooding!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017