5201 MCCORMICK AVE
About This Property
**Additional Photos Coming Soon!
The Alamance is a beautifully designed home located in McCormick Place, offering a perfect blend of modern style and functionality. With a spacious layout of 1,317 square feet, this residence features three well-appointed bedrooms and two bathrooms, making it ideal for families or individuals seeking extra space.
This home includes an attached two-car garage, providing convenient parking and additional storage options. The design emphasizes both aesthetic appeal and practicality, ensuring that residents enjoy a comfortable living experience.
The Alamance is enhanced by LGI Homes' CompleteHome Plus™ package, which incorporates a range of carefully selected upgrades. This suite of features not only elevates the home's style but also improves energy efficiency and overall value. Key elements of this package include:
Stainless Steel Whirlpool® Appliances: These high-quality appliances offer durability and modern convenience for everyday cooking and cleaning tasks.
Granite Countertops: The elegant granite surfaces provide both beauty and resilience in the kitchen and bathrooms.
36" Upper Cabinets with Crown Molding: These cabinets add a touch of sophistication while maximizing storage space.
Wi-Fi-enabled Garage Door Opener: This smart technology enhances security and convenience, allowing homeowners to control their garage door remotely.
Overall, The Alamance stands out as a functional yet stylish home that meets the needs of contemporary living.
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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 |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Dec 6, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Listed by LGI Homes - Maryland, LLC | $479,900 | |
| Listed by LGI Homes - Maryland, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017