714 W Forest Drive
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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%.
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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 |
|---|---|---|---|
| Jan 3, 2024 | Sold | ||
| Sold | |||
| Dec 19, 2023 | In contract | - | |
| In contract | |||
| Oct 19, 2023 | Listed by Compass RE Texas, LLC - Memorial | $895,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
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Nestled in Nottingham, this beautifully updated home has BIG ticket items done and is situated on a spacious lot w/ sizable back yard. The property offers timeless curb appeal w/ a stunning custom iron front door, double-paned gas-filled windows, plantation shutters, painted brick & Hardie Plank siding, and fresh landscaping w/sprinkler system. Inside find high ceilings in the entry & front room and deluxe crown molding, fresh paint, recessed lighting, tile and engineered wood floors throughout. The kitchen and guest bathrooms feature new quartz counters, tile backsplash and tile shower. Other important updates include: 2023 - PEX plumbing, new 15 SEER Amana AC unit, reframed garage & new garage openers, new fence; 2019 - sewer line replacement; 2018 - new roof w/ attic fan; 2009 - taken to studs w/ new wiring, electrical panel, connected smoke detectors, site-built & custom-stained kitchen cabinets; windows & Hardie Plank siding. Zoned to top-rated SBISD schools. All info per Sellers.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017