1101 Cherokee Drive
About This Property
The 2022 personal property home that sits on the property features 1,216 sf with 3 bedrooms, 2 bathrooms and a bright, open layout that brings the kitchen and living area together. The kitchen offers abundant cabinet space and a breakfast bar, while the split-bedroom design provides added privacy. The spacious primary suite includes a private bath and walk-in closet, and a separate laundry room adds everyday convenience. Whether you envision a garden, workshop, outdoor entertaining area or simply more room to enjoy, this property offers plenty of possibilities.
The seller is offering the manufactured home as a part of the sale with the 2-acre tract and could be converted to real property at closing.
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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 |
|---|---|---|---|
| Aug 4, 2026 | Listed by DHS Realty | $200,000 | |
| Listed by DHS Realty | |||
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About Hunt
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$1,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017