220 Cherry Street
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 |
|---|---|---|---|
| Sep 10, 2018 | Sold | ||
| Sold | |||
| Jul 9, 2018 | Listed by Real Estate One Inc | $212,000 | |
| Listed by Real Estate One Inc | |||
| Aug 21, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $200,000 | |
| Listed | |||
| | |||
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***Under Construction*** This beautiful 3 bedroom Ranch in Milan features hardwood floors, premium carpet, ceramic tile in both full baths, master suite with attached full bath and walk-in closet, large family room with gas fire place, and a 2 car attached garage with storage trusses. The neighborhood is walking distance to Parks, Elementary School, Middle School and wonderful downtown Milan. The above standard features also include 2x6 walls, 4' raised crawl space with weather guard great for storage, 30 yr dimensional shingle roof, Anderson Windows, crown molding, 55 double vanity in master, 44 in second bath, 200 amp service, Shaker Style off white cabinets, granite counter tops, brushed nickel door knobs, high efficiency furnace, central A/C, premium carpet, hardwood floors, and natural gas hook ups for dryer and stove. There is too much to list. This is a must see! Occupancy July 2017.The manager has listed the unit size as 1373 square feet.
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| Apr 10, 2017 | Listed by Real Estate One Inc | $200,000 | |
| Listed by Real Estate One Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017