1251 Cherokee 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 |
|---|---|---|---|
| Mar 27, 2025 | Sold | ||
| Sold | |||
| Mar 1, 2025 | In contract | - | |
| In contract | |||
| Feb 18, 2025 | Listed by eXp Realty | $220,000 | |
| Listed by eXp Realty | |||
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HIGHEST & BEST OFFERS DUE BY FRIDAY 2/28 at NOON Several living spaces, fenced backyard with a courtyard feel. How about 4 Bedrooms, 2 Bathrooms with even more ''office spaces.'' But my favorite part??? That peaceful upstairs deck with French doors overlooking Union Lake across the street. The playground / lake access around the corner for all the memories. If you need room to spread out, (2) garages (unique set up with 1 car garage on each side of home), beautiful views of Union Lake across the street AND - shared community lake access around the corner - this beauty is the one you have been waiting for. Brand New Roof, 2024.Beautiful Lake Community Home in Union City, Michigan - And that stone front porch is simply amazing. (virtual staging)
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| Feb 16, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017