148 Corapeake Way
About This Property
This new two-story home is optimized for gracious living. Upon entry is a double-height foyer, leading down to a generous open floorplan shared between the dining area, kitchen and Great Room to provide seamless modern living. A screened porch is located nearby to provide serene outdoor moments. The first floor also contains a bedroom suite that can be used for accommodating overnight guests. Upstairs showcases a spacious loft well-suited for entertainment, two secondary bedrooms and the luxurious owner's suite with an oversized walk-in closet. Home is located in popular Carolina Springs neighborhood which features 65 acres of open green space, a community pool, clubhouse with gym and party room, sand volleyball court, and 9 hole disc golf course.
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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 |
|---|---|---|---|
| Mar 9, 2026 | Sold | ||
| Sold | |||
| Dec 15, 2025 | Listed by Lennar Carolinas LLC | $667,455 | |
| Listed by Lennar Carolinas LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017