$150,000
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Land -
Off Market
5410 Olive Road
Raleigh, NC 27606
Studio
0 Bath
$173,365
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
Here is your chance to build on over a half acre of paradise
minutes from downtown Raleigh & even closer to Cary & ultra
convenient to Lake Johnson park with walking trails & pool. Mature
oaks line the front & it is located perfectly out of the way of
busy roads but with convenient access to the Beltline, Tryon, and
Jones Dairy. The opportunity you've been waiting for
to dream, develop and build a custom home in a quiet subdivision
moments from every amenity the heart desires.
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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 #2385977)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 7, 2021 | Sold | ||
| Sold | |||
| May 26, 2021 | Listed by Rich Realty Group | $150,000 | |
| Listed by Rich Realty Group | |||
| Jul 30, 2017 | Listed | $485,000 | |
| Listed | |||
| | |||
|
New construction on a rare large, flat lot. Ranch layout with upstairs bonus room. Excellent location. Very livable, floor plan with large master and secondary bedrooms, plenty of closet space and storage. Convenient to everything, this is a great location. This is a pre-sale, get in early and completely customize this home with to your liking. Photos are not of actual home, for representation only and may include upgrades. Contact TLC Realty Group with questions 919-439-9530The manager has listed the unit size as 2931 square feet.
| |||
| Dec 3, 2008 | Sold | ||
| Sold | |||
| Dec 22, 1994 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Southwest Raleigh
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Listed by: Marshall Rich, Rich Realty Group
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2385977
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2385977
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