703 Cherry 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 |
|---|---|---|---|
| May 22, 2024 | No longer available | - | |
| No longer available | |||
| Apr 24, 2024 | In contract | - | |
| In contract | |||
| Apr 1, 2024 | Listed by Carbajal Realty | $165,000 | |
| Listed by Carbajal Realty | |||
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Small Town Charm. Check out this 3 bed 2 bath home located in Groesbeck, TX. As you walk into this home, you will find a great sized dining room and the kitchen to your left. To your right is the living room with a brick wood-burning fireplace. Past the living room is where your 3 bedrooms and 2 bathrooms are located. The master bedroom has a large closet in the bathroom. The home has recently been painted and has had vinyl-plank flooring installed throughout. As you exit the living room, you will find an amazing screened in porch with two ceiling fans. The backyard is spacious and has a low wooden fence for you to sit back and enjoy the beautiful pastures that Groesbeck has to offer. All priced under $175,000 in this hot Central Texas market!! Don't miss out on this one. The manager has listed the unit size as 1310 square feet.
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| Oct 20, 2020 | Sold | ||
| Sold | |||
| Sep 22, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017