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111 CHERRY Street
About This Property
Features include concrete block first floor, poured concrete second-floor system for reduced sound transfer, brand new 2nd floor HVAC, 1st floor HVAC just 2 years old, central vacuum, gas cooktop, dual tankless water heaters, outdoor shower, 2-car garage, and hardwood & tile flooring. Live the beach life and enjoy the Town Center dining & nightlife. A true gem in one of Neptune Beach's most desirable locations.
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Cap Rate Calculator
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 12, 2026 | Relisted | $2,500,000 | |
| Relisted | |||
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 12, 2026 | Price Decreased |
$2,500,000
↓ $275K
(9.9%) | |
| Price Decreased | |||
| Apr 2, 2026 | Price Decreased |
$2,775,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| Feb 23, 2026 | Price Decreased |
$2,875,000
↓ $100K
(3.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017