4502 Fairhaven Drive W
About This Property
Step inside to a welcoming foyer with a separate dining room, ideal for hosting or creating a dedicated space for meals and gatherings. Just off the entry, a flex room provides options for a home office, reading room, or additional living space.
The heart of the home features an open-concept layout connecting the kitchen, breakfast nook, and family room for an easy flow from morning routines to evening downtime. The kitchen includes a center island with seating and stainless steel appliances, with the breakfast nook positioned nearby for casual dining. The family room is highlighted by vaulted ceilings, bringing extra volume and natural light into the main living area.
The primary suite is located on the main level, offering convenience and separation from the secondary rooms. Upstairs, you'll find a spacious bonus room plus a study/loft area, creating extra room for work, media, fitness, or hobbies. Finished with a 2-car garage and thoughtful storage throughout, this new construction home delivers a layout that supports a wide range of living styles.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 12, 2026 | Price Decreased |
$394,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jan 12, 2026 | Price Decreased |
$399,000
↓ $900
(0.2%) | |
| Price Decreased | |||
| Oct 17, 2025 | Listed by Compass -- Raleigh | $399,900 | |
| Listed by Compass -- Raleigh | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017