5026 Red Cedar Road
About This Property
offering you a tranquil oasis of comfort and luxury. The house is thoughtfully positioned to maximize privacy, upon entering, you'll be greeted by an open concept living space that exudes warmth and sophistication. Floor-to-ceiling windows and sliding glass doors invites an abundance of natural light, offering breathtaking views with every turn. The living area features a cozy fireplace that flows seamlessly into the dining area and modern kitchen The owner's suite offers a private retreat with its own balcony, a luxurious ensuite bathroom with a soaking tub/shower and a view you must see in person. The two additional bedrooms are equally inviting with one having its own private balcony and ensuite. Outside, awaits the expansive deck and ROOF TOP DECK ideal setting for hosting gatherings, sunbathing and enjoying the views. This home is like living in a magazine, it is a Dream Home.
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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 22, 2024 | Sold | ||
| Sold | |||
| Mar 21, 2024 | Listed by KIM BURKE-SMITH REAL ESTATE & | $699,000 | |
| Listed by KIM BURKE-SMITH REAL ESTATE & | |||
| Jan 3, 2024 | No longer available | - | |
| No longer available | |||
| Nov 7, 2023 | Price Decreased |
$750,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Oct 3, 2023 | Listed by KELLER WILLIAMS Realty Raleigh | $799,999 | |
| Listed by KELLER WILLIAMS Realty Raleigh | |||
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This contemporary home on a private road offers the perfect blend of modern living and natural beauty. It's a retreat where you can immerse yourself in the beauty of the outdoors and savor the comforts of a well-designed luxury home. This 3 bed/3 bath home is steps from a picturesque lake, offering you a tranquil oasis of comfort and luxury. The house is thoughtfully positioned to maximize privacy, upon entering, you'll be greeted by an open concept living space that exudes warmth and sophistication. Floor-to-ceiling windows and sliding glass doors invites an abundance of natural light, offering breathtaking views with every turn. The living area features a cozy fireplace that flows seamlessly into the dining area and modern kitchen The owner’s suite offers a private retreat with its own balcony, a luxurious ensuite bathroom with a soaking tub/shower and a view you must see in person.The two additional bedrooms are equally inviting with one having its own private balcony and ensuite. Outside, awaits the expansive deck and ROOF TOP DECK ideal setting for dining, entertaining or morning coffee. KW doesn't hold EMD. The manager has listed the unit size as 2144 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017