619 Cherokee Avenue
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 |
|---|---|---|---|
| Aug 18, 2021 | Sold | ||
| Sold | |||
| May 25, 2021 | Listed by RE/MAX Alternative Realty | $178,500 | |
| Listed by RE/MAX Alternative Realty | |||
| May 5, 2020 | No longer available | - | |
| No longer available | |||
| Apr 9, 2020 | Listed | $147,900 | |
| Listed | |||
| | |||
|
Great first time buyer or investor home in the heart of Melbourne. This charming home is ready for a first time buyer or an investor who wishes to rent it out. Home has wood laminate flooring in the living areas, stainless steel refrigerator, front porch to sit and talk to neighbors, back covered porch to enjoy your morning coffee, and large fenced yard with shed, pet friendly and to plant your fruit trees. Windows in front of home and front bedroom brand new. Make your appointment today! The manager has listed the unit size as 907 square feet.
| |||
| Mar 7, 2020 | Price Decreased |
$147,900
↓ $2K
(1.3%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017