5917 Black Forest Dr
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 |
|---|---|---|---|
| Jun 2, 2025 | Sold | ||
| Sold | |||
| Apr 6, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed | $999,999 | |
| Listed | |||
| | |||
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Nestled in the highly sought-after Britanie Ridge Estates, this stunning 6.2-acre property offers the perfect blend of modern comfort and serene country living. Built in 2022, this nearly new home has been meticulously upgraded over the past two years to enhance both its beauty and functionality. Thoughtful improvements include an additional half bath near attached garage, a secondary shower in original powder room, landscaping designed for optimal drainage, extra water spigots, new epoxy floor in attached garage, 2024 roof, all new window blinds, new concrete walkways, and a huge brand-new 40x60 pole barn-a dream space for storage, hobbies, or a workshop.
Step inside to elegant natural hardwood floors that flow throughout the bright and airy living spaces. A cozy fireplace anchors the living room, while wall-to-wall picture windows flood the home with natural light. The gourmet kitchen is a showstopper, featuring top-of-the-line appliances, a double dishwasher, sleek Euro-style cabinetry, and a granite island perfect for gatherings. Two oversized sliding doors open to a private, landscaped patio, creating a seamless indoor-outdoor entertaining experience.
Designed with convenience in mind, the home also boasts a spacious mudroom/laundry room and an unfinished basement with blueprint plans for your future vision. Car enthusiasts and hobbyists will love the detached garage, built for functionality with an extra-thick floor prepped for a car lift, 220V RV hookups, and a gas line for heating-perfect for year-round projects.
Located just minutes from Elizabeth's charming downtown, you'll enjoy easy access to community events, local restaurants, food trucks, and shopping-all while relishing the tranquility of your private retreat. This is more than just a home-it's a lifestyle. Come see it for yourself before it's gone!
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| Sep 28, 2024 | Price Decreased |
$1,100,000
↓ $30K
(2.7%) | |
| Price Decreased | |||
| Sep 3, 2024 | Price Increased |
$1,130,000
↑ $30K
(2.7%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017