5509 Strathmore Drive
About This Property
Inside, the thoughtfully designed layout offers a first-floor primary suite with a spa-inspired bath showcasing a dual master shower with rainfall and body sprayers, and an additional first-floor guest suite for effortless convenience. The chef's kitchen impresses with soft-close cabinetry, granite countertops, a walk-in pantry, and coffered ceilings that flow into the formal dining room.
Enjoy multiple spaces for work and play, including two expansive bonus/media rooms and abundant walk-in attic storage. Relax outdoors on the screened porch with fireplace and TV mount, overlooking your private wooded backdrop.
Every detail has been meticulously considered, from custom wood shutters and a whole-home sound system, to surveillance cameras, a security system, and a completely sealed crawlspace. This home also features a central vacuum.
Luxury, privacy, and functionality unite in this exceptional Raleigh property, an ideal retreat just minutes from city conveniences.
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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 |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Nov 11, 2025 | In contract | - | |
| In contract | |||
| Oct 27, 2025 | Listed by Keller Williams Elite Realty | $1,150,000 | |
| Listed by Keller Williams Elite Realty | |||
| Jul 19, 2016 | Sold | ||
| Sold | |||
| Jun 9, 2016 | Listed by Keller Williams Elite Realty | $689,900 | |
| Listed by Keller Williams Elite Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017