85998 Cherry Lane
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 |
|---|---|---|---|
| Aug 28, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Listed by @properties Christie's International R.E. | $199,000 | |
| Listed by @properties Christie's International R.E. | |||
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Life is better at the lake! Enjoy being minutes away from the water in this home with deeded access to Keeler Lake allowing owners to relax on the beach, boat, fish, and swim. Perfect for a second home or for a full time resident. Well maintained ranch home offering luxury laminate floors, 1,450 finished SF, 3 bedrooms and 2 full bathrooms. Features a spacious living area, functional layout, and peaceful setting. Lush backyard perfect to enjoy all summer long and large shed for storage. Home is being offered furnished, including a dock for the shared frontage. Keeler Lake is an 85 acre all sports lake with low traffic and only two hours from Chicago. Don't miss out on this great opportunity
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| Jun 6, 2022 | Sold | ||
| Sold | |||
| Oct 25, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017