909 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 |
|---|---|---|---|
| Jul 26, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $389,900 | |
| Listed | |||
| | |||
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Fully remodeled home with an outstanding open concept 1st floor layout that's sure to impress! Completely redesigned kitchen w/ white shaker cabinets, endless granite counter-tops, tiled backsplash & stainless steel appliances. New hardwood in living room, dining room & kitchen. Three fully remodeled & spa like bathrooms. New lighting fixtures, plumbing fixtures & hardware throughout. Interior & exterior freshly painted. New air conditioner. Newer roof & furnace. New vinyl windows throughout, new garage door & opener. Fresh landscaping. Prime location on the south end of Madison Meadow Park! This beautiful home has it all, priced to sell immediately!!
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| Jun 23, 2017 | Listed by Foundation Real Estate Co. | $389,900 | |
| Listed by Foundation Real Estate Co. | |||
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About Lombard
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017