5 Caspian Court
About This Property
and independence it provides, whether accommodating multigenerational families or hosting
long-term guests. This former model in Woodlake was redesigned in 2018 by Hilary Farr of HGTV's
''Love It or List It''. It has been freshly painted and is loaded with upgrades and updates. Five
bedrooms, 3.5 bathrooms, a dedicated office, a bonus room, and a finished attic are ready for new owners.
In 2023, new furnace, new heat pump, new garage doors, new concrete driveway, new shed 12x14. The water heater (2020) windows were replaced (2014), leaf guards and encapsulated crawl space (2013), and the main-level ensuite added (2012) roof (2010)-two community lakes, a community pool, and a clubhouse, over three miles of paved walking trails. Walking distance to Pineywood Park includes tennis and pickle ball courts, soccer and softball fields, a picnic shelter, a dog park with areas for small and large dogs, water fountains, waste bag dispensers, and benches.
Duke (17 mins.) RTP & NCCU (10 mins.) UNC & RDU (15 mins.) Southpoint Mall (7 mins.)
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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 |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 13, 2024 | Listed by Berkshire Hathaway HomeService | $685,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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One of the primary advantages of having dual ensuites on each level is the enhanced privacy
and independence it provides, whether accommodating multigenerational families or hosting
long-term guests. This former model in Woodlake was redesigned in 2018 by Hilary Farr of HGTV's
''Love It or List It''. It has been freshly painted and is loaded with upgrades and updates. Five
bedrooms, 3.5 bathrooms, a dedicated office, a bonus room, and a finished attic are ready for new owners.
In 2023, new furnace, new heat pump, new garage doors, new concrete driveway, new shed 12x14. The water heater (2020) windows were replaced (2014), leaf guards and encapsulated crawl space (2013), and the main-level ensuite added (2012) roof (2010)—two community lakes, a community pool, and a clubhouse, over three miles of paved walking trails. Walking distance to Pineywood Park includes tennis and pickle ball courts, soccer and softball fields, a picnic shelter, a dog park with areas for small and large dogs, water fountains, waste bag dispensers, and benches.
Duke (17 mins.) RTP & NCCU (10 mins.) UNC & RDU (15 mins.) Southpoint Mall (7 mins.)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017