8
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303 Sherry
About This Property
Older, established homes all around with deed restrictions of 1,500 sq. feet minimum square footage.
Lot(s) will need pads built. There is a working water well and electric on Property.
Huge pecan trees and oaks along creek! Deer are frequently grazing on the Property. Ag exemption in place for hay cutting.
Looking for a buyer who will care about the neighborhood and neighbors of Kelly View Estates. Residential use only.
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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 |
|---|---|---|---|
| Jun 13, 2026 | Listed by Listing Results, LLC | $2,495,000 | |
| Listed by Listing Results, LLC | |||
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 21301388
Details provided by NTREIS and may not match the public record
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