8406 Forest Ridge Drive
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 |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$149,999
↓ $6K
(3.9%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Decreased |
$156,000
↓ $4K
(2.5%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Realty Right | $160,000 | |
| Listed by Realty Right | |||
| May 12, 2011 | Sold | ||
| Sold | |||
| Apr 4, 2011 | Listed by Homecity Real Estate | $28,500 | |
| Listed by Homecity Real Estate | |||
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See associated docs for addendums. This property is eligible under the Freddie Mac First Look Initiative through 04/19/2011. This 3 bedroom, 2 bath, 1 car detached garage is ideal for an investor. Property being sold "as-is" and priced accordingly. Proof of fund and copy of E.M. check (cashier's check later) to accompany contract.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017