$390,000
●
House -
Off Market
4499 Covered Bridge Road
Clayton, NC 27527
3 Beds
2 Baths,
1
Half Bath
2,093 Ft²
$2,143
Est. Monthly
5.01%
Cap Rate
About This Property
Welcome to this charming three-bedroom, 2.5-bathroom ranch-style
home situated on a picturesque 0.92-acre lot. This property boasts
an oversized garage with abonus room and half bath added in 2003,
providing ample space for your needs. The main house, also updated
in 2003, features new windows throughout,engineered hardwood
flooring in the living room, kitchen, and hallway, as well as
updated plumbing pipes and a new roof (March 2023) & gutters (April
2023).Washer, Dryer and Refrigerator are all less than a year old
and convey with the house
Unit Size
2,093 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$191
Property Type
House
Property Taxes
$179
HOA Dues
-
Year Built
1989
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #10003867)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 4, 2024 | Sold | ||
| Sold | |||
| Jan 3, 2024 | No longer available | - | |
| No longer available | |||
| Jan 1, 2024 | Listed by Compass -- Raleigh | $399,900 | |
| Listed by Compass -- Raleigh | |||
| Nov 3, 2023 | Price Decreased |
$399,900
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Oct 13, 2023 | Listed by Compass North Carolina | $425,000 | |
| Listed by Compass North Carolina | |||
| | |||
|
Welcome to this charming three-bedroom, 2.5-bathroom ranch-style home situated on a picturesque 0.92-acre lot. This property boasts an oversized garage with a bonus room and half bath added in 2003, providing ample space for your needs. The main house, also updated in 2003, features new windows throughout, engineered hardwood flooring in the living room, kitchen, and hallway, as well as updated plumbing pipes and a new roof (March 2023) & gutters (April 2023). Washer, Dryer and Refrigerator are all less than a year old and convey with the house. The manager has listed the unit size as 2093 square feet.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Millstone Manor
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Dana Ellington, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10003867
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10003867
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