5906 S Forest Ledge
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 |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Dec 1, 2023 | Listed by Offerpad Brokerage, LLC | $249,999 | |
| Listed by Offerpad Brokerage, LLC | |||
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Calling all investors! Welcome to your new home nestled in the heart of a serene cul-de-sac, just minutes away from the bustling Medical Center area. This charming 3-bedroom, 2-bathroom residence boasts a generous 1,594 sq ft of living space, situated in an established neighborhood adorned with towering trees that provide a picturesque backdrop. Although this home is in need of some tender loving care (TLC), its potential shines through, offering a unique opportunity to customize and transform it into your dream haven. The property is priced accordingly, providing a fantastic investment for those looking to add their personal touch and create lasting memories in a desirable location. Step outside into the backyard oasis, where you'll find a refreshing pool, a covered patio perfect for outdoor entertaining, and a privacy fence that provides seclusion. Imagine lazy afternoons by the pool or hosting gatherings with friends and family in the privacy of your own outdoor retreat. Please note that the pool has been drained, providing a blank canvas for your creative vision. Convenience meets tranquility in this ideally located home, where the proximity to the Medical Center ensures easy access to work, healthcare, and various amenities. Take advantage of the charm of an established neighborhood while enjoying the potential for modern upgrades.
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| Sep 6, 2018 | No longer available | - | |
| No longer available | |||
| Aug 22, 2018 | Listed | $205,000 | |
| Listed | |||
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Mins from the Medical Center. Cul-de-sac, New HVAC, Fresh Paint, Recent roof replacement, BIG bedrooms, open kitchen, 2 living and 2 dining!! Established neighborhood with large trees, Amazing back yard with pool to beat the Texas heat in! Lots of windows with natural light! This one is calling you to call it Home! The manager has listed the unit size as 1594 square feet.
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| Sep 24, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017