1868 Cherokee Drive #1
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 |
|---|---|---|---|
| Jan 14, 2026 | Sold | ||
| Sold | |||
| Dec 17, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Listed by KW Coastal Estates | $580,000 | |
| Listed by KW Coastal Estates | |||
| | |||
|
You'll love this fantastic, gated community and spacious 2 bed / 2 bath townhome, which is truly turn-key and ready for you to move right in. Upgrades include bamboo wood flooring, fresh interior paint, quartz kitchen countertops, updated light fixtures, and tile flooring in the bathrooms. The oversized living room features a cozy wood-burning fireplace perfect for relaxing nights in. Enjoy BBQs and outdoor lounging in your beautifully designed, extra-large private patio. This ONE-OF-A-KIND home also includes an attached two-car garage and access to the community swimming pool. Conveniently located near North Salinas shops and restaurants, with easy access to Highway 101, this townhome offers both comfort and convenience.
| |||
| Nov 3, 2020 | Sold | ||
| Sold | |||
| Sep 12, 2020 | Listed by Remax Property Experts | $395,000 | |
| Listed by Remax Property Experts | |||
| | |||
|
You will LOVE this Fantastic and Spacious 2 Bed / 2 Bath Town-Home in the much desired Willowood Townhome Community! Premium upgrades include; bamboo wood flooring, interior paint, kitchen quartz counter-tops, light fixtures and tile flooring in bathrooms. You will also enjoy BBQ'ing and lounging in your very own custom designed patio. This home is truly ONE-OF-A-KIND! It also includes a two car attached garage and community swimming pool. Enjoy low maintenance living today!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/05/2025
|
2 Bed
|
2 Bath
|
1243 ft²
|
$580,000
2 Bed
2 Bath
1243 ft²
|
$580,000
01/14/2026
|
Lavene Nunez
KW Coastal Estates
| |
|
09/14/2020
| |
2 Bed
|
2 Bath
|
1243 ft²
|
$395,000
2 Bed
2 Bath
1243 ft²
|
-
-
|
-
|
|
09/12/2020
|
2 Bed
|
2 Bath
|
1243 ft²
|
$395,000
2 Bed
2 Bath
1243 ft²
|
$395,000
11/03/2020
|
Eddie Guajardo
eXp Realty of California Inc.
| |
|
03/07/2020
| |
2 Bed
|
2 Bath
|
1243 ft²
|
$345,000
2 Bed
2 Bath
1243 ft²
|
-
-
|
-
|
|
02/05/2020
|
2 Bed
|
2 Bath
|
1243 ft²
|
$345,000
2 Bed
2 Bath
1243 ft²
|
$360,000
+4.35%
03/13/2020
|
Mark Cohan
KW Coastal Estates
| |
|
03/24/2019
| |
2 Bed
|
2 Bath
|
1243 ft²
|
$325,000
2 Bed
2 Bath
1243 ft²
|
-
-
|
-
|
|
03/22/2019
|
2 Bed
|
2 Bath
|
1243 ft²
|
$325,000
2 Bed
2 Bath
1243 ft²
|
$330,000
+1.54%
04/23/2019
|
Paul Locatelli
eXp Realty of California Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017