2778 Cherry Way
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 |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | Listed by RE/MAX Professionals | $935,000 | |
| Listed by RE/MAX Professionals | |||
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Fabulous rural living with all new interior. New roof, new windows, new siding and not one thing left to remodel. Brand new kitchen with new appliances, open floor plan with all new vinyl plank flooring. The luxurious all new 5 piece master bathroom is a great place to relax and unwind from the day. The upstairs features 2 secondary bedrooms with one being a possible office and a master suite. The basement is a walk out with lots of light and features 2 bedrooms, 1 bathroom and a full kitchen. Convenient as a mother-in-law suite or rental with it's own parking. The property is electronically gated with remote and a brand new paved driveway. The livestock pen has a about 1 acre of gated pasture.
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| May 24, 2021 | Sold | ||
| Sold | |||
| May 31, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017