$743,500
●
House -
Off Market
5405 Emerson Drive
Raleigh, NC 27609
4 Beds
3 Baths
2,068 Ft²
$809,771
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
Incredible opportunity to live in North Hills in a completely
updated home! This split level offers 4 bedrooms, 3 full bathrooms,
and an open main level with great flow between kitchen, dining, and
family rooms. Gourmet kitchen highlights include quartz counters,
herringbone tile backsplash, pot filler, and gas range with double
ovens. At 2,068sf, this home surprises by offering 2 primary suites
- each offering dual vanity, walk-in shower, and custom WICs. The
lower primary suite has a private entrance and is perfect for an
in-law suite or Airbnb rental potential. Other notable features
include tankless water heater, hardwood floors throughout, 2
fireplaces, and Bermuda sod (see MLS for full features list). Over
600sf of outdoor living space with a brick patio and deck with a
gas grill line installed. Excellent storage or expansion potential
with the detached shed and unfinished basement - both have
electricity. *Video Tour: https://bit.ly/5405Emerson
Unit Size
2,068 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$375
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1964
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #2485741)
Price History
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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ft²
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About North Hills
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Listed by: Aaron Wilson, Fathom Realty NC, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2485741
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2485741
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