5409 Cayden Cove Drive
About This Property
Featuring 3 single family home collections, a community pool and cabana, playground, and open play areas. This beautiful new home community is surrounded by serene views of mature woods and is within minutes to downtown Wendell and Knightdale with easy access to HWY 264.
The Scottsdale new two-story home design is both stylish and practical. The first floor features an open-plan layout among a Great Room, kitchen and casual dining area for shared moments with family and friends. The gourmet kitchen features 42'' cabinets, quartz countertops, tile backsplash, and stainless-steel appliances. A covered porch enhances outdoor enjoyment. A private study and a secluded guest suite are situated off the foyer. Upstairs are two secondary bedrooms and a spacious owner's suite, luxe bathroom and large walk-in closet.
Prices and features may vary and are subject to change. Photos are for illustrative purposes only.
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Cap Rate Calculator
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 5, 2026 | Sold | ||
| Sold | |||
| Aug 6, 2026 | In contract | - | |
| In contract | |||
| Jun 26, 2026 | Price Increased |
$374,935
↑ $10K
(2.7%) | |
| Price Increased | |||
| May 6, 2026 | Listed by Lennar Carolinas LLC | $364,990 | |
| Listed by Lennar Carolinas LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017