625 Cherokee Drive
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 |
|---|---|---|---|
| Mar 11, 2022 | Sold | ||
| Sold | |||
| Feb 11, 2022 | Listed by Offerpad Brokerage, LLC | $229,900 | |
| Listed by Offerpad Brokerage, LLC | |||
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Beautifully finished 3 bedroom, 2 bath home with large covered back patio and open concept. The home has trey ceilings with rope lighting, a large walk in closet and his and her sinks in the primary bath. 2 inch window blinds. This home is located in Lake Conroe Forest, just minutes from the community boat ramp. This home is high and dry and not in a flood plain. Close to shopping, dining and Lake Conroe, and is located in the highly acclaimed MISD, this home has great features, at a price point you will love! Home has a pier foundation.
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| Oct 23, 2019 | Sold | ||
| Sold | |||
| Jul 30, 2019 | Listed by Wynn & Company | $179,900 | |
| Listed by Wynn & Company | |||
| | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017