585 Cherry
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 20, 2011 | Sold | ||
| Sold | |||
| Dec 6, 2009 | Listed by Highland Real Estate Group | $129,900 | |
| Listed by Highland Real Estate Group | |||
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Great Highland Location on quiet street with a nice floor plan consisting 3 bedrooms, 2 bath with many updates perfect for a first time home buyer using a 203K loan. Off street parking for two cars, easy access to highways, walking distance to Charlton Memorial Hospital and Ruggles Park. The home is about 85% complete on the inside, its in need of your finishing touch. A lot of house for the price & still in time for Tax Credit. This is a Short sale! Subject to bank approval!
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| Jul 5, 2007 | Sold | ||
| Sold | |||
| Apr 19, 2004 | Sold | ||
| Sold | |||
| Feb 15, 2004 | Listed by Resendes & Associates | $224,900 | |
| Listed by Resendes & Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017