8711 Cherry Lee 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 |
|---|---|---|---|
| May 26, 2021 | Sold | ||
| Sold | |||
| Feb 17, 2020 | Listed by CENTURY 21 JUDGE FITE CO. | $405,000 | |
| Listed by CENTURY 21 JUDGE FITE CO. | |||
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Motivated Seller! Grand Entrance & Open Concept To The Max On A Cul-De-Sac In Beautiful Lantana! Kitchen Features Granite Counter Tops, Stainless Appliances & Custom Cabinetry! Large 1st Floor Master Suite With Double Sided Fireplace,Sitting Area & Spa Like Ensuite*Spacious Office-Study With French Doors*Formal Dining*Upstairs-4 Bedrooms- Walk In Closets,Library Nook,Laundry & GameRoom*2 Jack-N-Jill Bathrooms*Energy Efficient Solar Screens*Roof Replaced 2 Years Ago*Lantana Has A Ton Of AMENITIES: Golf, Tennis, Hike-Bike trails, playgrounds, basketball courts, gyms & pools! Short Sale Approved With Navy Federal & Appraised For $420,000*Previous Buyer Inspection Available*No Repairs Will Be Completed By Seller*
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017