5 Cherry Avenue
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 |
|---|---|---|---|
| Jan 25, 2012 | Sold | ||
| Sold | |||
| May 20, 2011 | Listed by Premier Realty Group, Inc. | $259,899 | |
| Listed by Premier Realty Group, Inc. | |||
| Jan 28, 2005 | Sold | ||
| Sold | |||
| Oct 27, 2004 | Listed by J. Barrett & Company | $359,900 | |
| Listed by J. Barrett & Company | |||
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new septic, trex decks, new walls, new oak kitchen with separate breakfast room looking out onto large back yard, Living rm./dining room combo, new stove, dishwasher and micro. washer&dryer left as gifts. updated bath, new carpet, floors etc. corner lot located on side steet. Cute starter house or great for people wanting to downsize. Buyer responsible for putting in kitchen floor & fixture in breakfast nook.
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| May 17, 2004 | Sold | ||
| Sold | |||
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