$218,000
●
House -
Off Market
2113 Simpkins Road
Raleigh, NC 27603
3 Beds
2 Baths
1,391 Ft²
$1,269
Est. Monthly
9.40%
Cap Rate
About This Property
Welcome home to this 3-bedroom, 2-bath ranch nestled just minutes
away from downtown Raleigh. Great investment opportunity equipped
with a 2021 HVAC system. As you step inside, you'll immediately
notice the stained glass door adding a touch of charm and
character to the cozy family room with new vinyl flooring. Enjoy a
great layout with an eat-in kitchen and sunroom that bathes the
space in natural light. The primary bedroom features a convenient
walk-in closet through the on-suite bathroom. The exterior of the
home features a two-car detached carport, two storage sheds, lush
gardens, a covered porch, and a gazebo-a paradise for outdoor
enthusiasts and gardeners. Above-ground leased propane tank is
filled quarterly. Community water agreement just $100/year, a
fantastic cost-saving benefit. Come and explore the potential this
property holds!
Unit Size
1,391 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$169
Property Type
House
Property Taxes
$115
HOA Dues
-
Year Built
1963
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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: 2 years ago (TMLS #2530659)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 22, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2023 | Listed by Real Broker, LLC - Carolina Collective Realty | $235,000 | |
| Listed by Real Broker, LLC - Carolina Collective Realty | |||
| Sep 27, 2021 | Sold | ||
| Sold | |||
| Aug 20, 2021 | Listed by Real Broker, LLC - Carolina Collective Realty | $200,000 | |
| Listed by Real Broker, LLC - Carolina Collective Realty | |||
| Mar 2, 1982 | Sold | ||
| Sold | |||
Property Highlights
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 Wake
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Listed by: Mckenzie Stamper, Real Broker, LLC - Carolina Collective Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2530659
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2530659
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