608 CHEROKEE CIRCLE
About This Property
Inside, you'll find a comfortable single-story layout featuring a spacious living area, eat-in kitchen, large laundry room, and a primary suite with a walk-in closet. An **oversized study/den** offers additional flexibility and can easily serve as a home office, hobby room, game room, or additional living space.
Adding even more versatility is a **studio-style in-law suite with its own private entrance**, providing an excellent setup for extended family, guests, a private home office, or potential income-producing use.
Step outside to your own private Florida retreat. The **screened-in, in-ground pool** features a liner and **new pool pump**, creating the perfect space for relaxing or entertaining year-round. The oversized backyard provides plenty of additional room for gardening, recreation, pets, or outdoor gatherings.
A standout feature of the property is the **detached workshop wired for 220-volt electric**, ideal for woodworking, projects, equipment, tools, hobbies, or additional storage. An attached one-car garage provides even more convenience.
Located in the **Pine Hill subdivision**, 608 Cherokee Circle combines a private pool, separate studio-style suite, oversized workshop, flexible living space, and a sizable lot-all **without HOA or CDD fees**. With so much versatility both inside and out, this property offers a unique opportunity to make the space your own.
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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 |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$299,900
↓ $15K
(4.8%) | |
| Price Decreased | |||
| Aug 12, 2026 | Listed by JASON MITCHELL REAL ESTATE FLO | $315,000 | |
| Listed by JASON MITCHELL REAL ESTATE FLO | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017