2204 Myron Drive
About This Property
This spacious home offers four bedrooms, three bathrooms, a utility room, and four other large multi-function rooms. Bedrooms have floor-to-ceiling closet doors with custom, adjustable closet shelving. The library/gallery features custom-built adjustable shelving on each end. A European-style kitchen is large enough for a breakfast or seating area. The connecting dining room opens onto a Trex wrap-around deck and, through a mud room, exits to a rear parking area. The lower-level gathering room overlooks a brick patio and features a brick wall with fireplace. Bathrooms have updated Moen fixtures and water-saving utilities. The CertainTeed roof from Roofwerks includes a comprehensive warranty through 2066; the windows and sliding-glass doors (2016, 2022), featuring dual-glazed insulated glass with Ultra U Plus and soundproofing, by Kelly Window and Door have a lifetime warranty. Two outbuildings provide additional space for storage and hobbies. The 16' x 16' studio is climate controlled and includes a workbench and shelving. A 16' x 12' shed offers space for tool storage with workbench and overhead shelving. The home is partially surrounded by an aluminum fence, perfect for pets.
The mature landscape displays a wide range of flora, including several varieties of Japanese maple, azalea, magnolia, poet's laurel, old-growth camellias, aucuba japonica, and three majestic oaks. Within walking distance of shops, restaurants, NC Museum of Art, medical offices, and Rex Hospital.
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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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | Listed by Allen Tate/Raleigh-Glenwood | $747,000 | |
| Listed by Allen Tate/Raleigh-Glenwood | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017