40894 Cheyenne Trail
About This Property
Nestled in a wonderful community that offers both an active and relaxed lifestyle, residents enjoy a scenic golf course, peaceful fishing lakes, and a vibrant clubhouse that hosts a variety of fun social events and activities throughout the year. The pool and spa area provide a quiet, peaceful setting for enjoying sunny days, and the low HOA dues and commuter-friendly location are added bonuses.
Step outside into the beautifully landscaped courtyard-a true garden oasis filled with colorful flowers, fragrant rosemary, cheerful cacti, and roses climbing a picturesque trellis. The yard also features a delightful collection of mature fruit trees, including Meyer lemon, orange, and both white and pink grapefruit, offering a delicious harvest and a tranquil outdoor retreat.
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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 |
|---|---|---|---|
| Sep 24, 2025 | Sold | ||
| Sold | |||
| Aug 15, 2025 | In contract | - | |
| In contract | |||
| Jun 30, 2025 | Listed by REAL ESTATE MASTERS GROUP | $325,000 | |
| Listed by REAL ESTATE MASTERS GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017