561 Cherokee Trail
About This Property
Warm earth tones envelop you as you enter the home, from the gleaming wood floors to the wood accented vaulted ceilings to the custom bookcases surrounding the rustic stacked stone fireplace. Enjoy cool evenings curled up outside in front of the wood burning fireplace in the large, screened room with expansive serene nature views. Do you enjoy gardening? You will love the gated and deer resistant garden oasis awaiting your green thumb. A spacious terrace level offers two guest ensuites and large family room that opens to an expansive covered deck with easy access to the gently sloping private yard. Do not miss out on this meticulously maintained custom beauty! Conveniently located just minutes from the North gate of Big Canoe and near all the wonderful amenities that Big Canoe has to offer. Buyer to verify all information and dimensions deemed important.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017