6362 Sherrills Ford Road
About This Property
Over $50,000+ in major capital and structural updates have been entirely completed for you: Brand New Roof (2025), Brand New Septic System, Certified Foundation Repair with transferrable warranty, and Fully Upgraded Electrical Systems. Inside, enjoy gorgeous new flooring, modern appliances, a new upstairs mini-split, and fresh plush carpet.
Step outside to your own private backyard retreat featuring a peaceful fish pond, a ready-to-use chicken coop for fresh eggs, a cozy fire pit area, and a 2-car carport. With no HOA restrictions, plenty of extra parking, and close proximity to the Lake Norman area, this turnkey home is an absolute steal. Schedule your showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 4, 2026 | Price Decreased |
$265,000
↓ $35K
(11.6%) | |
| Price Decreased | |||
| Sep 11, 2026 | Listed by Realty Executives of Hickory | $299,900 | |
| Listed by Realty Executives of Hickory | |||
| Oct 16, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 6, 2025 | Price Decreased |
$364,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Aug 15, 2025 | Price Decreased |
$369,000
↓ $20K
(5.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017