851 Cheyenne
About This Property
Outdoor features include a covered back porch, screened porch, fire pit, carport, workshop with electricity, and a backyard lean-to for lawn equipment. The water fountain and exterior decor are also included.
Fiber-optic internet is available, and both short- and long-term rentals are permitted-making this property an excellent full-time residence, weekend getaway, or investment opportunity.
HOA dues are $52 per month. Community well-water filtration and sewer service are each $65 per month, plus usage. Residents enjoy access to world-famous Lake Fork through private fishing piers and boat ramps. Additional amenities include a clubhouse, saltwater pool, playgrounds, basketball court, picnic areas, and an active social calendar featuring potlucks, chair yoga, Veterans Club, Bible study, crafts, and community events. ATVs, UTVs, and golf carts are welcome on the private roads.
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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 16, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Listed by Real Broker, LLC | $69,900 | |
| Listed by Real Broker, LLC | |||
| Sep 9, 2021 | No longer available | - | |
| No longer available | |||
| Sep 5, 2021 | Relisted | $49,900 | |
| Relisted | |||
| May 18, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017