5116 Casland Drive
About This Property
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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 |
|---|---|---|---|
| Sep 23, 2024 | Sold | ||
| Sold | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
| Aug 12, 2024 | Listed by Chosen Real Estate Group | $465,000 | |
| Listed by Chosen Real Estate Group | |||
| | |||
|
This beautiful move-in ready single-family home was built in 2000 and offers a spacious and comfortable living area for you and your family. With 5 bedrooms, 3 bathrooms, and 2,692 sq.ft. of finished area, there is plenty of room to relax and entertain. As you walk through the front door, you are greeted by a bright and inviting interior that is perfect for modern living. The home features a well-designed floor plan with
ample natural light and tasteful finishes throughout. The kitchen is equipped with black
stainless steel appliances, quartz countertops, and plenty of cabinet space for all your
cooking needs. Upstairs, you will find the cozy bedrooms and bathrooms, including the
master suite with a large walk-in closet and en-suite bathroom. The additional bedrooms
are spacious and offer plenty of closet space for storage. The home also has a bonus room
that can be used as an office, playroom, or additional living space. Utilize the large floored
attic for all of your storage needs. Outside, the property boasts a generous fenced in yard
with a well-maintained patio area with a 9 person spa for outdoor gatherings and relaxation.
Use the partially finished garage as a home office or private man cave. The neighborhood is
quiet and family-friendly, providing a peaceful retreat from the hustle and bustle of city life.
Located in a desirable area of Raleigh, this home is close to schools, parks, shopping, and
dining options. With easy access to major highways, commuting to work or exploring the
city is a breeze. Don't miss the opportunity to make this lovely property your new home!
**************Please submit all offers by 8/20 @12pm****************
| |||
| Aug 26, 2019 | Sold | ||
| Sold | |||
| Jul 11, 2019 | Listed by Coldwell Banker Advantage | $280,000 | |
| Listed by Coldwell Banker Advantage | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017