11224 Cherry Point 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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | In contract | - | |
| In contract | |||
| Mar 19, 2024 | Listed by RE/MAX ONE | $290,000 | |
| Listed by RE/MAX ONE | |||
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This property is a charming 3-bedroom, 2-bathroom home with many desirable features. Interior has been enhanced with wood flooring throughout, along with various updates such as freshly painted walls, kitchen cabinets, and bathroom cabinets, along with new bathroom fixtures. Layout includes a split floor plan for added privacy. A covered back patio provides a comfortable outdoor living space, complemented by a newly added wood deck. The property is enclosed by a privacy fence, offering seclusion and security for residents. Inside Mont Belvieu's city limits, you will appreciate its proximity to the Eagle Point Golf Course and Recreational facilities, as well as nearby restaurants and shopping destinations.
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| Jul 13, 2021 | Sold | ||
| Sold | |||
| Nov 21, 2020 | Listed by RE/MAX ONE - Premier | $266,495 | |
| Listed by RE/MAX ONE - Premier | |||
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Quaint 3 bed 2 bath home in Mont Belvieu City Limits. Beautiful brick accented fireplace, laminate flooring through out, tile in kitchen and bathrooms. Centrally located near Eagle Point Golf Course and Recreational, restaurants and shopping. Conveniently close to highway 146 and I-10 for an easy commute! Call today for your private tour!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017