2803 Cherry Hills Drive
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 30, 2023 | Sold | ||
| Sold | |||
| Oct 30, 2023 | Listed by eXp Realty,LLC-Maho | $325,000 | |
| Listed by eXp Realty,LLC-Maho | |||
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Homes in Cherry Hills are hard to come by these days so now is your chance to move to the neighborhood. This beautiful home with a three sided brick exterior was once in the Showcase of Homes in 1990. Enjoy the space of the three car garage and the deck overlooking Hallbeck Park in the back. The roof and gutters were replaced in 2021. The HVAC and dishwasher was replaced in 2017, hot water heater in 2020. This year the first floor was freshly painted and some new fixtures installed. There is also a high tech irrigation system (2005) that has been winterized. As you walk in you are welcomed by a two story foyer and plenty of can lighting in the kitchen and living room. Upstairs there are four bedrooms and a bonus room with no closet. The attic is floored for abundant storage use. Contact us for your private showing today!
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| Jul 13, 2017 | Sold | ||
| Sold | |||
| Mar 10, 2017 | Listed by KELLER WILLIAMS-TREC | $244,900 | |
| Listed by KELLER WILLIAMS-TREC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017