3805 Paragon Place
About This Property
open concept kitchen and dining area. Kitchen features granite counter tops, white
shaker cabinetry, and stainless steel appliances. Upon entry you are welcomed to
the flex space which could be suitable for a formal dining room, sitting area, home
office, or play space. Off the garage you'll find a spacious mud room area with coat
closet and half bath. The second level offers a loft space perfect for home office or
play area. Huge primary suite with walk in shower, granite counters, and oversized
walk-in closet. The Point is a master planned community and will feature a
community pool, clubhouse, game room, fitness center, dog parks, playgrounds, and
walking trails. Conveniently located off 401 which offers quick access into Raleigh
and a short drive into Wake Forest.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Sold | ||
| Sold | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Increased |
$422,990
↑ $10K
(2.4%) | |
| Price Increased | |||
| May 14, 2026 | Price Decreased |
$412,990
↓ $7K
(1.7%) | |
| Price Decreased | |||
| Apr 29, 2026 | Price Decreased |
$419,990
↓ $5K
(1.2%) | |
| Price Decreased | |||
Property Highlights
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Status
Price/ft²
Listed On
Sold On
About Wake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017