1557 Piney Falls 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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Oct 1, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed by Garman Homes LLC | $369,890 | |
| Listed by Garman Homes LLC | |||
| Jul 23, 2025 | Listed by Garman Homes LLC | $390,690 | |
| Listed by Garman Homes LLC | |||
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20 minutes to North Raleigh and less than 20 minutes to downtown Raleigh for UNDER 400k! This Paper plan covers Rock proving sometimes a more elegant approach to life wins over something that feels both hard and forced. Paper offers an open expanse on the first floor anchored by a well appointed kitchen complete with space for everyone at the oversized island. A cozy space in the front and a larger space toward the rear of the home offer flexibility and personalization so home is truly a reflection of who lives there. Upstairs a primary suite is generously sized for rest, reflection and relaxation. Two equally sized secondary bedrooms and a hall bath settle the score on who's room is bigger. We've even got a detached garage for you, providing optimal lawn area. No game of Rock-Paper-Scissors needed. This Paper takes it all. Home available with a July Closing!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017