103 Marion Drive
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 7, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Price Decreased |
$250,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
| Jan 9, 2025 | Listed by Costello Real Estate & Investm | $260,000 | |
| Listed by Costello Real Estate & Investm | |||
| | |||
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Tucked just minutes from downtown Erwin, this ranch-style gem effortlessly blends classic charm with modern convenience. The exterior, featuring a striking combination of brick and vinyl siding, offers timeless curb appeal with a low-maintenance touch. Sitting on a spacious corner lot, the home is framed by two separate driveways, ensuring plenty of parking.
Step inside and be greeted by a warm, rustic vibe. The dining area boasts exposed wood beams that add character and style, while the living room centers around a cozy brick fireplace—perfect for relaxed evenings or hosting friends. The kitchen offers both function and flair, with an additional eat-in space that's ideal for casual meals or sipping your morning coffee. With three generous bedrooms and a secondary living area, the layout is both practical and versatile, giving you space to spread out or entertain with ease.
For outdoor lovers, the home's backyard patio is the perfect retreat. Whether you're grilling, gardening, or just unwinding with a book, the mulched garden beds offer the possibility to customize your outdoor sanctuary.
Located just 45 minutes from Raleigh, an hour from RDU International Airport, and 35 minutes from Fort Liberty and Fayetteville, this home strikes the perfect balance between peaceful living and easy access to all the essentials. Perfect for those who crave tranquility without sacrificing convenience.
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| May 24, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017