1
Map
224 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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Dec 8, 2020 | Sold | ||
| Sold | |||
| Oct 13, 2020 | Listed by eXp Realty | $79,900 | |
| Listed by eXp Realty | |||
| May 4, 2020 | In contract | - | |
| In contract | |||
| Feb 21, 2020 | Listed | $79,000 | |
| Listed | |||
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Amazing opportunity to renovate this house with a 2 car garage in downtown Sevierville's historical district. Level lot with nice backyard on a dead end street, within walking distance of downtown Sevierville. At this price investors can have a positive cash flow rental. Being sold As Is, Cash offers only because house does not have a heat source. All city utilities are available. The manager has listed the unit size as 916 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017