2716 Cherokee Lane
About This Property
Located on a peaceful and well-kept street in the highly sought-after Midway ISD, this beautiful 4-bedroom, 2-bath home offers comfort, space, and functionality all in one! Just minutes from Park Hill Elementary and everyday conveniences.
Step inside to find a large family room featuring gorgeous built-ins and an open-concept layout that flows seamlessly into the spacious kitchen and breakfast area. The kitchen is equipped with granite countertops and plenty of cabinet space-ideal for entertaining or family gatherings.
The isolated primary suite offers privacy and features a well-appointed master bath, while the additional bedrooms are generously sized and perfect for guests, children, or a home office setup.
Enjoy relaxing evenings on the inviting back patio overlooking the fenced backyard-ideal for pets, play, or outdoor entertaining. Schedule your showing today!!
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Cap Rate Calculator
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 8, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 29, 2025 | Listed by Medve Real Estate, LLC | $337,000 | |
| Listed by Medve Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017