$400,000
●
House -
Off Market
2042 Massimo Drive
Creedmoor, NC 27522
4 Beds
2 Baths,
1
Half Bath
2,660 Ft²
$2,491
Est. Monthly
$240
HOA / Fees
5.92%
Cap Rate
About This Property
Welcome home to this 4 bedroom, 2.5 bathroom home on a quarter of
an acre lot and a community pool! Main floor boasts great
room with fireplace, kitchen with stainless steel appliances and
granite countertops, plus first floor primary with double walk-in
closet, double vanity, walk-in shower and separate soaking tub.
Three additional bedrooms on second floor plus huge bonus room. New
water heater, shed, & windows. HVAC new in 2021. Spacious
patio overlooks generously sized backyard which is ideal for
entertaining! Neighborhood located across the street from Falls
Lake Academy.
Unit Size
2,660 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$150
Property Type
House
Property Taxes
$287
HOA Dues
$240
Year Built
2010
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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 #10040472)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Sep 5, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by Redfin Corporation | $400,000 | |
| Listed by Redfin Corporation | |||
| | |||
|
Welcome home to this 4 bedroom, 2.5 bathroom home on a quarter of an acre lot and a community pool! Main floor boasts great room with fireplace, kitchen with stainless steel appliances and granite countertops, plus first floor primary with double walk-in closet, double vanity, walk-in shower and separate soaking tub. Three additional bedrooms on second floor plus huge bonus room. New water heater, shed, & windows. HVAC new in 2021. Spacious patio overlooks generously sized backyard which is ideal for entertaining! Neighborhood located across the street from Falls Lake Academy.
| |||
| Aug 12, 2022 | Sold | ||
| Sold | |||
| Jul 11, 2022 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
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 Butner
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Listed by: Mark Stephens, Redfin Corporation
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10040472
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10040472
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