2004 Cedar Lake Road
About This Property
Inside, enjoy the warmth of LVP flooring throughout and the elegance of granite countertops in the kitchen and baths. The kitchen is a true centerpiece, featuring a large island perfect for meal prep, entertaining, or casual dining, all while enjoying serene lake views from the open living space.
Step onto the spacious back deck, the perfect spot to watch the world wake up with your morning coffee or unwind in the evening as the sun sets over the water. This home offers the ideal balance of comfort and tranquility. Located close to US-1, this property ensures an easy commute to the Triangle and is just minutes from the Central Carolina Enterprise Park, home to major employers like Caterpillar, Pfizer, and Astellas-making it a fantastic investment opportunity or a peaceful escape. Don't miss your chance to own this lakeside gem. Schedule your showing today
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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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 9, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Relisted | $285,000 | |
| Relisted | |||
| Jan 8, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Listed by LPT Realty, LLC | $285,000 | |
| Listed by LPT Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017