408 Chadwick Drive
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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%.
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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 |
|---|---|---|---|
| May 29, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Listed by Raleigh Custom Realty, LLC | $1,850,000 | |
| Listed by Raleigh Custom Realty, LLC | |||
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North Hills East Neighborhood. Gorgeous finishes in this 5 BR 6 BA open floorplan luxury home located in the heart of Raleigh's Midtown and hottest zip code 27609, also known as North Hills East where you never have to leave the neighborhood to get to grocery, restaurants, shopping & entertainment. The exterior is adorned with lovely casement windows, cedar columns, metal accent roofing and a custom steel front door. 16' sliders open up to a huge blue stone covered screen porch with plenty of room for dining and sitting areas. This space is easily usable all year long with the included infratech ceiling heaters. In addition, this space overlooks a large, flat, pool ready back yard. The butler's pantry is finished out with smoked mirror in between white oak shelving on one side and glass cabinets on the other with a built-in wine frig. The kitchen is loaded with gorgeous lighting, a waterfall island and a complete appliance pkg including 42'' paneled built-in frig, double ovens, microwave drawer, & 36'' gas cooktop. There is a mudroom with a powder room, a nook, separate dining room and a guest suite on the 1st floor. The bonus room on the second floor has a private half bath. The primary suite connects to a large closet which then connects to the laundry room. Custom trim, custom cabinets by Kith, designer tile, Visual Comfort lighting and luxury flooring brought this awesome floorplan to life.
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| Jul 15, 2022 | Sold | ||
| Sold | |||
| Jun 8, 2022 | Listed by Rich Realty Group | $499,900 | |
| Listed by Rich Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017