5412 Farley Drive
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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 23, 2026 | In contract | - | |
| In contract | |||
| Oct 15, 2026 | Listed by BEYCOME BROKERAGE REALTY LLC | $529,900 | |
| Listed by BEYCOME BROKERAGE REALTY LLC | |||
| Oct 10, 2025 | Listed | $600,000 | |
| Listed | |||
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This beautifully updated home offers incredible flexibility for multigenerational living or income-producing potential. The main level features three spacious bedrooms, two full baths, and a large kitchen with ample storage. A bright, airy sunroom—perfect for an office or sitting area—extends off the primary bedroom, creating a peaceful retreat.
The lower level includes a complete apartment with a large family room featuring a cozy fireplace, a bedroom, living area, efficiency kitchen, and its own laundry. With a private entrance and separate driveway, it's ideal for guests, extended family, or rental opportunities.
The large fenced yard is beautifully landscaped and features a deck perfect for outdoor dining and entertaining. Conveniently located near Six Forks and Millbrook, this home is close to Raleigh's best shopping, dining, and amenities.
All appliances convey, and most furniture is available for purchase. Don't miss this rare opportunity—ask about the assumable VA loan! Be sure to view the interactive virtual tour!
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| Jul 3, 2025 | Listed | $625,000 | |
| Listed | |||
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A Flex-Filled Find on a Corner Lot Near North Hills
Not your average North Hills neighbor—this corner-lot chameleon adapts to whatever life throws your way. Upstairs: 3 sunny bedrooms, a spacious living room, updated eat-in kitchen, and a primary suite with its own bonus room and laundry. Outside: a fully fenced backyard with a party-ready deck and two driveways for all the comings and goings.
Downstairs is the clincher—a private suite with its own entrance, living space, bedroom, bath, kitchenette, and laundry. Already a functioning Airbnb, it's turnkey income or ideal guest quarters. Another oversized flex room (fireplace + built-ins included) adds even more space to play, work, or unwind.
Two floors. Four beds. Four baths. Two kitchens. Two laundries. A whole lot of possibilities—and only one like it.
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| Apr 10, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017