501 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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Sep 23, 2024 | Listed by HomeTowne Realty | $430,000 | |
| Listed by HomeTowne Realty | |||
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You don't want to miss the charm of this completely renovated 1950's ranch on a beautiful, large lot in downtown Selma. Minutes from the new shopping center and a quick access to HWY 70 makes this a super convenient location. The house has been updated with new windows and doors, new interior paint and LVP flooring throughout, new kitchen cabinets, countertops and appliances. The master bathroom has been redone to include a ceramic tile walk in shower, soaking tub and a designer dual vanity. The home's roof was replaced in 2022. This 3,000 square foot ranch boasts 4 large bedrooms with an abundance of natural light, 3 renovated full baths, walk-in pantry, large closets and a large laundry/mud room off of the pass-through two car garage. The curb-appeal of this corner lot with mature trees is framed beautifully by the massive original bay window on the front of the home and formal living room. Schedule your showing today! The listing agent is the owner of the property. Permits were pulled for the renovation work completed.
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| Nov 30, 2023 | Sold | ||
| Sold | |||
| Oct 23, 2023 | Listed by HomeTowne Realty Clayton East | $250,000 | |
| Listed by HomeTowne Realty Clayton East | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017