324 Cherry Street
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 |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | Listed by Coldwell Banker HPW | $265,000 | |
| Listed by Coldwell Banker HPW | |||
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Ranch-style home, perfectly nestled on a .28-acre lot with a fully fenced backyard, ideal for privacy and outdoor activities. As you step inside, you'll be greeted by the warm, hardwood-style flooring in the family room, which features a charming beadboard accent wall complete with coat hooks. Open-concept design connects the family room to the eat-in kitchen, where you'll find painted flat panel cabinets, accent countertops, a smooth top range/oven, built-in microwave, and dishwasher. The kitchen is also home to a convenient laundry closet. A double basin stainless steel sink, beneath a window, provides a view of the screened porch and backyard. Access the relaxing screened porch through the half-glass door, perfect for enjoying your morning coffee or relaxing in the evenings with your favorite beverage. The owner's bedroom, with its hardwood-style flooring and accent wall with trim detail, offers a ceiling fan with a light kit and a double window with blinds. The adjoining owner's bath features an oversized vanity with painted white cabinets, cultured marble countertops, and an updated bronze faucet. Located less than a mile from downtown Creedmoor and conveniently close to I-85, this home offers quick access to Durham and is just about 20 minutes to North Raleigh and I-540. Perfectly priced for first-time home buyers or investors, this charming property is an opportunity you don't want to miss!
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| Dec 5, 2022 | Sold | ||
| Sold | |||
| Oct 26, 2022 | Listed by Coldwell Banker HPW | $219,500 | |
| Listed by Coldwell Banker HPW | |||
| Mar 5, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017