55 Bright Hope Road
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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 |
|---|---|---|---|
| Sep 15, 2025 | Sold | ||
| Sold | |||
| Sep 1, 2025 | Listed by McClure Group Realty LLC | $159,000 | |
| Listed by McClure Group Realty LLC | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Listed by McClure Group Realty LLC | $159,000 | |
| Listed by McClure Group Realty LLC | |||
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The Bright Hope Beauty. This gorgeous home shows like new and sits on a leased land plot ($630 monthly) that features 360 degree views of the stunning Blue Ridge Mountains, primarily Black Mountain. With 3 bedrooms, 2 full bathroom, and nearly 1,300 sqft this home offers all of the room you could want! This home features a new Roof, new interior walls and flooring, new board and batten siding, new solid quartz countertops, designer black splash, new ac/heat pump, new hot water tank, cathedral ceilings and so much more! Property also includes a 2-car garage! At this price point, you won't find anything like it! Come and see for yourself today!
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About Buncombe
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Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4302635
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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