8640 Cherry Ln
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 |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Listed by JPAR Modern Real Estate | $515,000 | |
| Listed by JPAR Modern Real Estate | |||
| Jun 25, 2024 | Price Decreased |
$499,999
↓ $10K
(2%) | |
| Price Decreased | |||
| Jun 12, 2024 | Listed | $510,000 | |
| Listed | |||
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Beautifully remodeled four bedroom open-concept ranch. It has been meticulously remodeled with contemporary touches. The main floor of this stunning ranch offers a living room with an LED fireplace, brand new modern kitchen with new stainless-steel appliances and quarts countertops, three bedrooms, and one full bathroom. The finished basement offers a large family room, one non-conforming bedroom, home office/craft room, laundry room, and plenty of storage. The interior has all new doors, lighting, paint, flooring and carpet. The exterior has new paint and a large, fenced yard with an automatic sprinkler system. Enjoy the freedom of no HOA living, with ample space to park your toys or trailers. You won't want to miss this beautiful home. Buyer and buyer's agent should verify all listing information, including but not limited to school information, taxes, square footage, water, zoning, and schools whereas all provided INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017