8880 CHERRY HILL Drive
About This Property
3 Bed 2 Bath 2 Car Garage LAKEFRONT HOME
Conveniently located in the crystal springs area. Spacious home with a wood burning fireplace. Enjoy your serene evenings out back by the lake. New garage door in 2017. New HVAC and water heater in 2018. The whole house was replumbed and a new roof installed in 2019. Some repair needed on back of house being sold as-is. 5k buyer credit at close.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 2, 2023 | Sold | ||
| Sold | |||
| Jan 16, 2023 | Listed by ST AUGUSTINE REALTY | $247,000 | |
| Listed by ST AUGUSTINE REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017