320 Cherokee Trace
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 |
|---|---|---|---|
| Jun 27, 2024 | Sold | ||
| Sold | |||
| Apr 14, 2024 | No longer available | - | |
| No longer available | |||
| Apr 12, 2024 | Listed by Harry Norman Realtors | $349,900 | |
| Listed by Harry Norman Realtors | |||
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Wonderful Opportunity! Only home in area at this price with 2 car garage, covered back porch and separate grilling porch (added 2022). Unfinished Basement on approx 1.64 acres in HOA with Annual Association Fees of only $50.00!!! New Roof completed February 2024. The house needs paint, carpet and updating to Buyers taste, but has been priced accordingly. Owner Suite on Main, and Upstairs boasts 2 large bedrooms with one connected to a spacious bonus room with many options.
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| Feb 8, 2024 | Listed by Harry Norman, Realtors | $359,900 | |
| Listed by Harry Norman, Realtors | |||
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Less than 2yr old covered porch. Attention...Parents of UNG students! Wonderful opportunity for rental property. Perfect Roommate Plan with Primary Bedroom on Main and 2 additional bedrooms with 1 bath upstairs and plus a Bonus Room. Unfinished basement could be finished for more roommates. Approx 1.64 acres of land with fenced backyard. New Roof January 2024!! Cosmetics needed - house priced accordingly. The manager has listed the unit size as 1805 square feet.
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| Jun 27, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017