8816 Cherry Hills
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 |
|---|---|---|---|
| Nov 10, 2022 | No longer available | - | |
| No longer available | |||
| Oct 19, 2022 | In contract | - | |
| In contract | |||
| Oct 13, 2022 | Listed by Compass | $829,000 | |
| Listed by Compass | |||
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Gorgeously renovated Santee home with solar and a bright floor plan offers 4 bedrooms and an attached studio. Just a few lights away from major freeways, providing convenience and cutting commute times. The front door welcomes you onto updated new vinyl wood plank flooring, new paint, new bladeless ceiling fans, and new hardware throughout. Gourmet kitchen is a breath of fresh air and features new quartz countertops & backsplash, brand new SS appliances, newly installed cabinets, and a deep sink overlooking large backyard. Slide the barn door to expose the laundry room and attached studio with separate entrance. Newly restructured and permitted retaining walls lines the perimeter of the spacious backyard that offers a sparkling diving pool & plenty of space for a growing family. Carlton Oaks neighborhood provides easy freeway access to the 52, 125, & 8. Surrounded by Award Winning Schools, Santee Lakes, and Mission Trails. The manager has listed the unit size as 1694 square feet.
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| Sep 18, 2022 | No longer available | - | |
| No longer available | |||
| Sep 3, 2022 | Price Decreased |
$845,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017