31729 Cherokee
About This Property
Designed with flexibility in mind, the converted garage provides living space that can easily serve as a game room, family room, or hobby area. Recent upgrades include new heating and air conditioning units along with all new PEX plumbing, giving peace of mind an modern efficiency.
Outside, the property continues to impress with a well built 30x40 barn ideal for storage, projects, or animals, along with a matching 12x12 shed that complements the estate. A wrought iron gate and fencing add both privacy and a striking sense of arrival, completing this beautifully maintained property.
Be sure to ask your agent about available seller financing options and discover the possibilities this unique Indian Lakes home has to offer.
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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 |
|---|---|---|---|
| Sep 28, 2026 | Sold | ||
| Sold | |||
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Price Decreased |
$534,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Feb 25, 2026 | Listed by Century 21 Ditton Realty | $549,000 | |
| Listed by Century 21 Ditton Realty | |||
| Jun 4, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017