3941 CHERRY TREE
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%.
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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 |
|---|---|---|---|
| Apr 9, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 9, 2026 | Price Decreased |
$299,000
↓ $16K
(5.1%) | |
| Price Decreased | |||
| Mar 5, 2026 | Listed by Orchard Brokerage | $315,000 | |
| Listed by Orchard Brokerage | |||
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Light-filled corner-lot home with flexible living space and a $5,000 buyer incentive! This spacious two-story home offers 4 bedrooms, 2.5 baths, and multiple living areas, providing plenty of room for both everyday living and entertaining. The open-concept first floor features a roomy kitchen with dining area that flows seamlessly into the main living space, plus an additional family room-perfect for gatherings, movie nights, or creating a separate play or work area. Upstairs, the private primary suite offers two closets-including a walk-in adjoining the bathroom-along with a relaxing ensuite featuring a garden tub, glass-enclosed shower, and double vanity. Three additional bedrooms and a large game/family room complete the second floor, giving everyone their own space. Recent improvements include updated flooring and a newly tiled shower in the primary bathroom, an updated vanity, and fresh exterior paint. Step outside to enjoy a covered patio, new fence, and mature shade trees that create an inviting backyard ideal for relaxing or entertaining. Mature trees in the front yard add privacy while helping shade the home from the morning sun. Seller is offering a $5,000 concession that buyers can apply toward new carpet, closing costs, or an interest rate buy-down. Conveniently located in Schertz-Cibolo-Universal City ISD, with easy access to Randolph AFB and major commuter routes, this home offers space, comfort, and flexibility in a great location.
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| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017