516 Sherrybrook 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 |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Mar 21, 2024 | Listed by Real Broker, LLC | $920,000 | |
| Listed by Real Broker, LLC | |||
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Come see this stunning 4 bedroom, 2.5 bath home with detached 2 car garage featuring a 220 volt outlet and a detached living space including a bedroom, kitchen, bathroom and laundry. From the time you wake up in your main floor owners' suite, and cross the hardwood floors to your gourmet kitchen, you'll enjoy the soaring ceilings, expansive windows and peaceful atmosphere of this cul-de-sac home just minutes from all that downtown Raleigh has to offer. Roberts Park is 2 blocks away. With Moore Square only 1.3 miles west you'll be able to easily get to all of the spring and summer festivals and concerts. With newer HVACs, water heater, appliances, and updated bath and kitchen, this could be your perfect home with all the wow factor you need! The 14'x17' 4th bedroom could be an upstairs bonus room.
The detached garage features a finished second floor which would make a great in-law suite or home office and is currently rented for $1500/month through July. This space has vaulted ceilings, hardwoods in the living room, granite counter-tops in the kitchen, a laundry closet and 2nd floor balcony. There is opportunity for that to continue to generate a substantial income stream as the current tenant has indicated they would like to renew.
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| Aug 12, 2020 | Sold | ||
| Sold | |||
| Jan 28, 2020 | Sold | ||
| Sold | |||
| Nov 19, 2019 | Listed by Northside Realty Inc. | $449,900 | |
| Listed by Northside Realty Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017