1201 Delane Avenue
About This Property
Outside, enjoy an expansive wood deck overlooking a spacious backyard, along with a large crawl space that provides exceptional storage space. Located in one of Charlotte's most established neighborhoods with beautiful tree-lined streets, the home is within walking distance to Charlotte Swim & Racquet Club and just minutes from shopping, dining, and Uptown Charlotte.
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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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by Better Homes and Garden Real Estate Paracle | $859,000 | |
| Listed by Better Homes and Garden Real Estate Paracle | |||
| Sep 23, 2023 | No longer available | - | |
| No longer available | |||
| Jul 23, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017