$61,000
●
House -
Off Market
619 Forrest Road
Warsaw, NC 28398
3 Beds
2 Baths
1,552 Ft²
$115,122
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model
About This Property
Located in Warsaw, Fresh interior paint, new carpet, new vinyl in
kitchen & bathrooms, installed new gutters & a downspout. This is a
Freddie Mac property and is eligible for the Freddie Mac First Look
Initiative thru 8/03/15 for owner occupants only, investors offers
considered on 8/04/15. Elementary School - Warsaw, Middle School -
Warsaw, High School - James Kenan.
Unit Size
1,552 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$42
Property Type
House
Property Taxes
$64
HOA Dues
-
Year Built
1974
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #2019623)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2024 | No longer available | - | |
| No longer available | |||
| Mar 18, 2024 | In contract | - | |
| In contract | |||
| Mar 2, 2024 | Price Decreased |
$289,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Jan 13, 2024 | Price Decreased |
$294,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Nov 27, 2023 | Listed by Berkshire Hathaway McMillen & Associates Realty | $299,900 | |
| Listed by Berkshire Hathaway McMillen & Associates Realty | |||
| | |||
|
!!!!!!Price Improvement!!!!!!
Nicely updated 3 bed, 3 bathroom brick ranch home on a corner lot. Kitchen has beautiful custom cabinets, floating wood shelves, epoxy counter tops, LVP flooring all opened to the dinning area this is great for entertaining. Master bathroom with walk in closet. Bathrooms have been also recently renovated. Newer light fixtures thru out. There is an additional 445sqft ''unpermitted''(heated and cooled with a new unit) that have been added, and you can use as you please. Bring the in-laws, set up an airbnb or have a home office. Huge 2 level deck that leads to the above ground pool. Did I mention the 24x24 metal work shop. This is a must see and won't last long. Schedule your showing today! Seller offering $2000.00 towards closing costs with Full asking price offer. Also when using our preferred lender you can get up to 1,000.00 towards appraisal. The manager has listed the unit size as 4052 square feet.
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Warsaw
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Listed by: Sherry Shelby, Cardinal Point Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2019623
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2019623
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