$635,000
●
House -
Off Market
145 Traylee Drive
Wake Forest, NC 27587
4 Beds
3 Baths,
1
Half Bath
2,689 Ft²
$3,653
Est. Monthly
$188
HOA / Fees
3.65%
Cap Rate
About This Property
Well-maintained and full of thoughtful upgrades, this 4BR, 3.5BA
Wake Forest home offers comfort, style, and flexibility on a nearly
¾-acre lot. The main-level primary suite provides privacy and
convenience, while the upstairs features two bedrooms with a shared
bath plus a permitted guest suite-complete with its own living
area, bedroom, full bath, and kitchenette-perfect for in-laws,
visitors, or extended stays. The granite kitchen with tile
backsplash flows into a light-filled family room with hardwood
floors and a gas fireplace. Step outside to enjoy a spacious
backyard with room for a pool, gardens, or outdoor entertaining,
along with a deck ideal for relaxing. A 5-year-old roof, low HOA
dues, and no city taxes add extra value. Located in a peaceful,
established neighborhood minutes from shopping, dining, and all
that Wake Forest has to offer, this home blends function, charm,
and an unbeatable location.
Unit Size
2,689 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$241
Property Type
House
Property Taxes
$279
HOA Dues
$188
Year Built
2004
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 12 months ago (TMLS #10116005)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Oct 15, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Price Decreased |
$649,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Sep 3, 2025 | Price Decreased |
$659,000
↓ $6K
(0.9%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed by Compass -- Raleigh | $664,900 | |
| Listed by Compass -- Raleigh | |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Franklin
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Listed by: Gretchen Coley, Compass -- Raleigh
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10116005
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10116005
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