6938 Cherry Hills Road
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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%.
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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 28, 2020 | Sold | ||
| Sold | |||
| Jul 10, 2020 | Listed by Keller Williams Realty | $334,900 | |
| Listed by Keller Williams Realty | |||
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6938 Cherry Hills is the perfect executive home in Champions Park North. This spectacular contemporary style 4 bedroom and 3 1/2 bath(s) home offers formals and casual living open to kitchen. Dramatic vaulted ceilings (10'-20') in the entry open to Living and Dining and highlight the grand staircase. Offers a private home office downstairs and a flex room just off the kitchen (currently used for homeschooling). This home features 4 bedrooms upstairs, including 2 primary bedrooms with their own en-suite baths. Upgrades include granite counters, stainless steel kitchen appliances, hardwood flooring down and laminate up (no carpet in home), double paned windows, built-ins, and massive closets and cabinetry throughout. New deck in the expansive backyard offers perfect indoor/outdoor entertaining. Community pool, tennis courts, and park area just steps from home! Easy access to 249, FM 1960, and Beltway 8 with retail/restaurants nearby. Please view the video tour of this beautiful home.
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| Mar 8, 2019 | Sold | ||
| Sold | |||
| Feb 13, 2019 | Listed by Sky Real Estate Professionals | $294,900 | |
| Listed by Sky Real Estate Professionals | |||
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This home is GORGEOUS! 6938 Cherry Hills is the perfect blend of classic elegance and cozy family retreat. With it’s 10’-20’ ceilings, recently upgraded stainless steel kitchen appliances, hardwoods (downstairs) and 12mm laminate (upstairs), double paned windows in front of house, built-ins galore, and massive closets throughout, this STUNNING 4 bedroom, 3.5 bath home is the perfect place to call home. Outside you will love the porte choche, deck, and outdoor space - just right for entertaining! In addition, this home boasts 2 master bedrooms (BOTH UPSTAIRS), each with their own ensuite. The other 2 bedrooms have their own private sink area with a jack and jill bath. Positioned right in the heart of the FANTASTIC community of Champions Park North, it is just steps away from the neighborhood park, pool, tennis courts, and clubhouse. There’s not much more you could ask for in a home and at this price. Schedule your showing today - you don’t want to miss this EXECUTIVE beauty!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017