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5105 Emerald Spring Drive
About This Property
The flexible floorplan includes a formal dining room that also works beautifully as a home office, plus an upstairs loft ideal for a second living space, media room, or play area.
Recent improvements include a new roof (2025) and fresh neutral paint, giving buyers peace of mind. Outside, enjoy a charming front porch, rear patio, and side-entry garage with extended parking.
Located just minutes from shopping, dining, and quick access to Raleigh, Rockbridge also offers a community pool and Wake County schools.
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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 |
|---|---|---|---|
| Jul 7, 2026 | Sold | ||
| Sold | |||
| May 29, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Price Decreased |
$435,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Apr 9, 2026 | Listed by RE/MAX United | $445,000 | |
| Listed by RE/MAX United | |||
| Nov 5, 2025 | Price Increased |
$435,000
↑ $25K
(6.1%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017