$305,000
●
House -
Off Market
4532 Birmingham Way
Raleigh, NC 27604
3 Beds
2 Baths
1,413 Ft²
$1,777
Est. Monthly
$235
HOA / Fees
6.65%
Cap Rate
About This Property
Offer accepted. TLC needed in this one level ranch home! 3
Bedrooms, 2 Full Baths, 1 Car Garage! Living room with gas
fireplace, screened porch, deck, neutral color palette throughout,
eat-in kitchen, dining room area off the family room, fenced flat
back yard. Primary bedroom has walk-in closet, bath with tub and
separate walk-in shower and dual sink vanity. Kitchen has breakfast
area and laundry closet. Covered front porch. Neighborhood
pool. HOA rep stated there are discussions of imposing rental
cap and no determination currently. If buyer intends to rent,
be aware. Seller intends to make no repairs and selling AS-IS.
Unit Size
1,413 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$195
Property Type
House
Property Taxes
$192
HOA Dues
$235
Year Built
1992
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Cap Rate
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 #10013939)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2024 | Sold | ||
| Sold | |||
| Feb 28, 2024 | Listed by Keller Williams Preferred Realty | $275,000 | |
| Listed by Keller Williams Preferred Realty | |||
| | |||
|
Offer accepted. TLC needed in this one level ranch home! 3 Bedrooms, 2 Full Baths, 1 Car Garage! Living room with gas fireplace, screened porch, deck, neutral color palette throughout, eat-in kitchen, dining room area off the family room, fenced flat back yard. Primary bedroom has walk-in closet, bath with tub and separate walk-in shower and dual sink vanity. Kitchen has breakfast area and laundry closet. Covered front porch. Neighborhood pool. HOA rep stated there are discussions of imposing rental cap and no determination currently. If buyer intends to rent, be aware. Seller intends to make no repairs and selling AS-IS.
| |||
| Oct 17, 2007 | Sold | ||
| Sold | |||
| May 8, 2007 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
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 Northeast Raleigh
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Listed by: Jason Dalton, Keller Williams Preferred Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10013939
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10013939
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