5 Cherry Lane
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 11, 2023 | Sold | ||
| Sold | |||
| Jul 26, 2023 | In contract | - | |
| In contract | |||
| Jul 21, 2023 | Listed by Douglas Elliman Real Estate | $569,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome home to this charming 3 bedroom 2 full bath Ranch. Situated on a shy acre of property with Inground sprinklers. Energy Efficient home with fully paid off Solar Panels. This ranch boasts an updated eat in kitchen with new cabinets, quartz countertops & updated appliances. Cozy den with wood burning fireplace. Dining room Living room combo, Master bedroom with full bath, 2 additional bedrooms and a full guest bathroom. Full unfinished basement with 2 yr old hot water heater. New windows & sliding glass door. New vinyl plank flooring in all rooms and oak floors in hallway. 1 car garage with new blacktop driveway and pavers. Expansive fenced in back yard with includes patio & shed. Above ground pool is a gift, No CO. Don't miss this opportunity to make this wonderful property your own and experience the joys of everything it has to offer.
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| May 26, 1994 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017