401 Cresting Wave Drive
About This Property
This exquisite home offers a gourmet kitchen that opens to the casual dining area and spacious great room, creating the perfect flow for entertaining. The main level also features a private study with glass doors and a convenient guest suite, offering both privacy and comfort.
The owner's suite on the second floor is a true retreat, complete with a trey ceiling and an expansive walk-in closet. Two additional spacious bedrooms and a versatile loft provide plenty of options to suit your lifestyle. Enjoy relaxing evenings on the screened porch, your own peaceful oasis.
Rosedale offers exceptional community amenities, including a large pool, pickleball courts, and future access to the Wake Forest Greenway trail system.
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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 |
|---|---|---|---|
| Sep 25, 2025 | Sold | ||
| Sold | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Relisted | $474,990 | |
| Relisted | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed by Lennar Carolinas LLC | $474,990 | |
| Listed by Lennar Carolinas LLC | |||
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About Wake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017