24 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 10, 2020 | Sold | ||
| Sold | |||
| Jun 19, 2020 | Listed by Keller Williams Realty Partner | $340,000 | |
| Listed by Keller Williams Realty Partner | |||
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Hidden away in the heart of Putnam Valley is this 4 bedroom, 2 full bathroom, Old Style country charmer. With it`s .68 acres of peaceful tranquility, at the end of a cul-de-sac, it offers unexpected privacy. It has a wood-burning stove, back porch, 2 office spaces, and plenty of attic storage. The finished basement has 2 separate entrances which makes it ideal for working from home. The town park is a few minutes away along with Lake Oscawana which offers swimming, boating, fishing, and jet skiing. The Taconic State Parkway is a 12 minute ride. Come and see the endless possibilities of this hidden gem.
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About Putnam
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017