4423 Memorial Drive
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 |
|---|---|---|---|
| Apr 24, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | Listed by Real Estate By Design | $450,000 | |
| Listed by Real Estate By Design | |||
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Location, Location, Location! What an amazing opportunity to live in Midtown, just minutes from downtown Raleigh, North Hills, Crabtree Valley Mall, greenway trails, fabulous restaurants, PNC Arena, RDU, and more. This cozy bungalow is surprisingly spacious with 3 bedrooms and 2 full baths. The third bedroom could also serve as a home office with its double French doors. This home has a new roof, new HVAC, freshly painted interior, and LVP flooring throughout. The primary bedroom is at the back of the house and boasts a vaulted ceiling with a ceiling fan and a completely renovated primary bathroom. The dining room overlooks the living room with airy ceiling, cozy wood-burning fireplace, and raised hearth. The kitchen has a French door out to the best room in the house! Your new screened porch awaits you to enjoy a morning coffee, a yoga session, working from home, or bird watching. Step down to the multi-tier wood deck and paver patio, great for entertaining, that extends into the naturally wooded and low-maintenance fenced backyard. Multiple planter boxes accent the decking and patios and await your green thumb to showcase the natural surroundings. Behind the 6' wooden privacy fence, don't miss an additional enclosed area for more usable yard space. A spacious one-car garage and additional parking pad are a bonus! No HOA in this close-knit neighborhood. Wooded surroundings afford plenty of privacy. Don't miss out on this unique home!
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| Jun 21, 2019 | Sold | ||
| Sold | |||
| May 29, 2019 | Listed by Fathom Realty NC, LLC | $215,000 | |
| Listed by Fathom Realty NC, LLC | |||
| Apr 18, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017