53
Map
518 Heather Drive
About This Property
Listed By
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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 |
|---|---|---|---|
| Oct 2, 2026 | Sold | ||
| Sold | |||
| Sep 10, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Listed by Costello Real Estate & Investm | $615,000 | |
| Listed by Costello Real Estate & Investm | |||
| Jul 18, 2026 | Listed by Costello Real Estate & Investm | $615,000 | |
| Listed by Costello Real Estate & Investm | |||
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Custom built West Raleigh home perfectly situated in the middle of everything!! Downtown Cary to the West, NCSU and Downtown Raleigh to the East, and Lenovo Center just to the North. Deep driveway with enough space to fit 2 cars side by side! Deep lot! Rare to find site finished hardwood in new construction at this price point!!! Smart buy as an investment or as your primary home! Upgrades Include: Site finished hardwoods, quartz, modern tile, wood master closet, fiber cement, architectural roof shingles, covered deck, fencing, and trim package. Schedule a showing to see it in person!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017