1355 Cherry Drive
About This Property
The bright, white kitchen offers a clean and airy ambiance, perfect for cooking and entertaining. The easy-care landscaping ensures you'll spend more time enjoying your home and less time maintaining it. You'll love the energy efficiency of the owned solar system, and the home boasts a brand new roof on the covered patio, along with freshly painted exterior trim, giving it great curb appeal.
Enjoy the convenience of the two-car garage with cabinetry to outfit a home workshop. Block wall fencing. Low-maintenance tile and laminate wood flooring throughout. You have the flexibility to enjoy the community amenities with a choice-either pay just $36 per year if you're not interested in the full amenities, or $330 a month for full access to the Member's Club, which includes an 18-hole golf course, a clubhouse, pool, and more.
With 1,100 homes in this well-established community, Seven Hills offers both peace and a vibrant social lifestyle. Whether you're seeking relaxation or recreation, this home and community provide the best of both worlds. Don't miss out on this gem in the heart of South Hemet!
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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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Price Increased |
$340,000
↑ $10K
(3%) | |
| Price Increased | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 29, 2024 | Listed by Vogler Feigen Realty | $330,000 | |
| Listed by Vogler Feigen Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017