6842 Cherry Bayou Drive
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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 13, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 12, 2026 | Listed by RE/MAX ONE - Premier | $729,000 | |
| Listed by RE/MAX ONE - Premier | |||
| Jul 14, 2026 | Price Decreased |
$749,000
↓ $26K
(3.4%) | |
| Price Decreased | |||
| Jun 27, 2026 | Listed by RE/MAX ONE - Premier | $775,000 | |
| Listed by RE/MAX ONE - Premier | |||
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Breathtaking 3,780sf masterpiece, perfectly situated toward the end of a quiet cul-de-sac with zero through traffic! Located in the highly sought after Winfree Bayou Estates and zoned to Barbers Hill School District! Step inside for grand architectural design that immediately commands attention with soaring ceilings and an abundance of picture windows bringing in natural light and beautiful views! Second story mezzanine walk overlooks expansive downstairs living space and adds just the right amount of detailed welcome! With 4 dedicated bedrooms and 3.5 bathrooms along with an office featuring its own closet effortlessly allows the option for a generous 5th bedroom! Outside luxury meets privacy. Sitting on over 1.5 acres, the expansive backyard is framed by a dense, wooded tree line for a natural hedge wall canvas! This home and location is everything you want! You're truly nestled away from higher traffic areas of the community here! Irrigation system for front yard and flower beds!
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| Jun 23, 2026 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017