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817 E CHERYL Drive
About This Property
Large windows showcase beautiful mountain views from the front living area, while dual-pane windows provide added comfort and energy efficiency. Step outside to an expansive, low-maintenance backyard with additional mountain vie and plenty of room to create the outdoor space you've been imagining. Mature palms and desert landscaping complement the home's classic Arizona setting.
Located near the Phoenix Mountain Preserve and miles of hiking and recreation, while still offering convenient access to dining, shopping and downtown Phoenix, this home brings together location, views, space and move-in-ready updates.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017