1502 Cherokee Street
About This Property
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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%.
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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 |
|---|---|---|---|
| May 26, 2023 | Sold | ||
| Sold | |||
| Jan 3, 2023 | Listed by Stanfield Properties | $314,000 | |
| Listed by Stanfield Properties | |||
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Excellent value in the desirable Runningbrook community in Deer Park ISD! This 2-story home with generously sized bedrooms features high ceilings, a home office, a formal dining, & a spacious island kitchen with a soaring ceiling that opens to the cozy den, plus an upstairs with a catwalk that overlooks the kitchen & front entry! The primary suite features French doors to a flex space that could be a home office, nursery, or 4th bedroom with hallway access, plus a SHOW-STOPPING master bath with a dramatic arched window above the jetted tub & dual sinks, vanities, & closets. You’ll enjoy summer BBQs on the expansive private 21'x15' covered patio, complete with ceiling fans for a cool breeze. The laundry room has a full-size tiled shower perfect for after boating or garage work showers. Updated include front windows(2019), roof(2020), & furnace(2021). Add your preferred paint & carpet to make it PERFECT! Bring your boat or trailer to this 2-car garage with 2-car porte-cochere & NO HOA!
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About Runningbrook
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017