722 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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Compass RE Texas, LLC - Memorial | $980,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
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Beautifully remodeled traditional ranch in one of the area’s most desirable neighborhoods, just a short walk to the scenic trails of Terry Hershey Park. This home features an open-concept layout anchored by a spacious island kitchen (2020–2021). Major system upgrades include A/C (2022), 40 gallon water heater (2021), PEX plumbing, replaced sewer lines, and roof (2020). The bathrooms are beautifully appointed with double sinks and cabinetry along with fresh tile. Wood flooring, updated windows, Hardy Plank siding, custom built ins, recessed lighting, doors and trim enhance the understated beauty of this home. A Generac whole-house generator provides peace of mind. The recent large covered patio is perfect for relaxing or hosting gatherings year-round while the gated driveway provides extra security. Zoned to highly rated SBISD schools. All per Seller
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| Nov 5, 2021 | Sold | ||
| Sold | |||
| Sep 22, 2021 | Listed by Compass RE Texas, LLC Memorial | $795,000 | |
| Listed by Compass RE Texas, LLC Memorial | |||
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Beautiful and thoughtfully remodeled 4 bedroom, 2 bath home with separate study in highly desirable Nottingham. This efficiently designed home boasts the following recent updates: gorgeous kitchen w/ stainless Kitchen Aid appliances and spacious island; elegant primary bath w/ double vanity and gold fixtures; roof and gutters; blown-in attic insulation; Hardy Plank siding; cedar fence; 40-gallon water heater; PEX plumbing; electrical panel; 5" baseboards; engineered wood flooring; fresh carpet; double-paned windows; updated doors and trim; recessed lighting; guest bath double vanity, lighting and mirrors; custom built-ins; Smart thermostat, fiber internet and more! See updates list. Note the beautifully landscaped yard with evening lighting, electric driveway gate, irrigation system and French drains. No Flooding. Zoned to top-rated SBISD schools - Wilchester, Memorial and Stratford. Enjoy quick access to I-10, Beltway 8, City Center, Energy Corridor and more. All info per Sellers.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017