16 Cherry Lane
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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 |
|---|---|---|---|
| Sep 3, 2015 | Sold | ||
| Sold | |||
| Apr 14, 2015 | Listed by Douglas Elliman Real Estate | $389,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Sep 3, 2013 | Sold | ||
| Sold | |||
| Apr 15, 2013 | Listed by Marylou Swan Realty Corp | $339,000 | |
| Listed by Marylou Swan Realty Corp | |||
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Spacious Vinyl Sided Colonial On A Cul De Sac Featuring A Huge Master Bedroom W/ Walk In Closet, Jacuzzi,Double Pedestal Sinks,And Separate Shower Plus 3-4 Additional Bedrooms. Finished Heated Basement And 2 Laundry Areas. New Blacktop Driveway Being Installed.Many Extras!, Additional information: Appearance:New/Remode,Separate Hotwater Heater:N
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About East Patchogue
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Data Source: OneKey MLS
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