3718 Lee Road
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 |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Jan 23, 2025 | Listed by Coldwell Banker HPW | $345,000 | |
| Listed by Coldwell Banker HPW | |||
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Welcome to an incredible home that you will absolutely love. Very convenient to downtown Raleigh but feels like its in the country. This home oozes with charm and character that can't be replicated in new homes. Extensively updated in 2020, this three bedroom ranch lives much larger than the 1500 square feet. That number does not include the enclosed porch/sunroom that may become your favorite room. The spacious family room with dining area will be the gathering point for all activities.. If features a wood burning fireplace with built-in bookcase on both sides. It opens to a very large deck with a pergola. The kitchen is gorgeous with granite countertops, marble backsplash, white cabinets and stainless steel appliances replaced in 2020. Off the kitchen is the large utility/laundry room that doubles as a walk-in pantry. The original living room now functions as a play room and office with built-ins. The primary bedroom features two closets and an updated bathroom with walk-in shower. There are two nicely sized secondary bedrooms with an updated second full bath between them. Enjoy a very large, fenced backyard with two large decks, a fire pit, and a very large shed or workshop with a covered area next to it. The roof, HVAC and water heater have all been replaced since 2020. You can built a large workshop or ADU in the backyard (zoned R6). Connected to city water and sewer. The half acre lots in this community give you room to breathe and it is extremely quiet. No HOA, no dues.
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| Apr 7, 2021 | Sold | ||
| Sold | |||
| Jan 6, 2021 | Listed by THE CEDENO GROUP REAL ESTATE LLC | $259,900 | |
| Listed by THE CEDENO GROUP REAL ESTATE LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017