40
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1823 Cherry Bend 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 17, 2026 | Listed by Compass RE Texas, LLC - Memorial | $499,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
| Mar 4, 2026 | Listed by Compass RE Texas, LLC - Memorial | $525,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
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Step inside this beautifully updated 3 bed, 2.5 bath home located in the Energy Corridor! High end laminate floors (2024) flow throughout the living spaces w/ carpet in the bedrooms. All cabinet faces throughout have been updated with Shaker Style in 2026. The island kitchen features granite counters/backsplash, single electric oven, induction electric cooktop w/ SS vent hood, LED recessed lighting, dishwasher, pantry & an eat-in breakfast bar. There are high ceilings, a wet bar & wood burning fireplace in the family room. The primary suite is very spacious w/ carpet & built-ins. The primary bath was updated in 2024 w/ Italian tile floors, granite counters, double sinks, LED recessed lighting, walk-in closet, a standing shower w/ tile surround & a rainfall showerhead. Other home features include: Covered back patio, zebra blinds throughout, full & half bathroom w/ granite, front porch, driveway gate, Lifetime Transferrable Foundation Warranty w/ Dawson & washer/dryer/fridge included.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017