141 Fairfield 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 |
|---|---|---|---|
| Oct 28, 2026 | Price Decreased |
$339,900
↓ $15K
(4.3%) | |
| Price Decreased | |||
| Sep 24, 2026 | Listed by OfferPad Brokerage LLC | $355,000 | |
| Listed by OfferPad Brokerage LLC | |||
| Jul 8, 2026 | Listed by Keller Williams South Park | $325,000 | |
| Listed by Keller Williams South Park | |||
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Tucked within the desirable Sutter’s Mill community in an established Troutman neighborhood, this end-unit home offers excellent privacy with only one neighboring home beside it. The setting encourages evening walks along scenic community trails, friendly conversations with neighbors, and plenty of time outdoors. Inside, the home features a spacious open floor plan filled with natural light. The sun-filled granite kitchen boasts sleek appliances and ample counter space, flowing effortlessly into the dining and living areas. The main floor also includes a versatile flex room—perfect for a home office, playroom, or creative retreat. Outside, the backyard offers room to relax, entertain, garden, or enjoy morning coffee, complemented by a spacious two-car garage for added convenience and storage. Sutter’s Mill enhances daily living with sidewalks, streetlights, green spaces, and walking trails. Just minutes away, Lake Norman State Park invites you to embrace an active outdoor lifestyle with miles of trails, scenic beauty, and endless opportunities to enjoy nature year-round.Whether your ideal weekend includes hiking, exploring the outdoors, or simply unwinding near the water, you’ll find it all close to home. This prime location perfectly balances the charm and slower pace of small-town Troutman living with easy access to Charlotte’s employment centers, shopping, dining, entertainment, and major highways. This home offers more than a place to live—it delivers a lifestyle centered on space, connection, recreation, and the freedom to enjoy each day at your own pace. Experience it in person and discover what makes so many people fall in love with living in Troutman.
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About Iredell
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,600 /mo
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$2,200 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017