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7613 Cherokee
About This Property
The huge backyard offers plenty of room for toys and animals, and the option to add a pool and spa. Located just minutes from hiking in Joshua Tree National Park, events at the Hi-Desert Cultural Center, and local shops and restaurants along Highway 62, this property is conveniently situated for both everyday living and weekend getaways.
Whether you're looking to create a primary residence or a future rental, this home is worth considering.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Sold | ||
| Sold | |||
| Jul 11, 2026 | In contract | - | |
| In contract | |||
| Jul 5, 2026 | Price Decreased |
$288,500
↓ $500
(0.2%) | |
| Price Decreased | |||
| Jun 29, 2026 | Price Decreased |
$289,000
↓ $30K
(9.4%) | |
| Price Decreased | |||
| Jun 6, 2026 | Listed by Power Real Estate | $319,000 | |
| Listed by Power Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017