$97,500
●
Condo -
Off Market
5816 Pointer Drive #201
Raleigh, NC 27609
2 Beds
2 Baths
1,100 Ft²
$153,580
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
Fully renovated and rented! Investors take note! 2 bed,
2 bath, second level condo. Building has brand new roof!
Good paying tenants in place! Put this one into your
rental portfolio today!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$95
Property Type
Condo
Property Taxes
$71
HOA Dues
$195
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
Cap Rate
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 #2283584)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Listed by Society Real Estate, LLC | $225,000 | |
| Listed by Society Real Estate, LLC | |||
| | |||
|
Newly renovated condo in prime N. Raleigh location and neighborhood ready for your enjoyment and priced to sell! New paint and LVP floors throughout, new vanities, new toilets, re-glazed baths, smooth ceilings, new fixtures, recessed lighting, and new ceiling fans leave nothing to be desired. Convenient to Midtown, restaurants, bars, shopping, and the best of what Raleigh has to offer, this is ideal as a primary home or investment, so schedule your showing today!
| |||
| Dec 19, 2019 | Sold | ||
| Sold | |||
| Oct 11, 2019 | Listed by Massey Real Estate | $105,000 | |
| Listed by Massey Real Estate | |||
| Mar 1, 2007 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Parking Lot
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Walk-In Closet(s)
Appliances: Dishwasher, Gas Range, Gas Water Heater, Refrigerator
Flooring Type: Carpet, Vinyl
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Has Property Attached
Square Footage: 1100
Architectural Style: Contemporary
Year Built: 1985
Building Area Total: 1100
Levels: One
Building Area Units: Square Feet
Construction Materials: Wood Siding
Patio and Porch Features: Deck
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $852
Utilities Details
Cooling Type: Central Air
Heating Type: Hot Water, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure, Trash
HOA Fee: $195
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/29/2024
|
2 Bed
|
2 Bath
|
1091 ft²
|
$220,000
2 Bed
2 Bath
1091 ft²
|
-
-
|
Tammy Dunn
Howard Perry & Walston Realtor
| |
|
05/15/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$220,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
Nicholas Yarrington
Grow Local Realty LLC
| |
|
04/19/2024
|
2 Bed
|
2 Bath
|
1073 ft²
|
$225,000
2 Bed
2 Bath
1073 ft²
|
$222,000
-1.33%
05/23/2024
|
Brett Yates
Society Real Estate, LLC
| |
|
03/09/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$175,000
2 Bed
2 Bath
1100 ft²
|
$210,000
+20.00%
04/07/2022
|
Emily Massey
Massey Real Estate
| |
|
10/11/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$105,000
2 Bed
2 Bath
1100 ft²
|
$98,000
-6.67%
12/13/2019
|
Emily Massey
Massey Real Estate
| |
|
10/11/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$105,000
2 Bed
2 Bath
1100 ft²
|
$97,500
-7.14%
12/19/2019
|
Emily B Massey
Massey Real Estate
| |
|
09/13/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$89,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
|
Building Info
About North Raleigh
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Listed by: Emily B Massey, Massey Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2283584
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2283584
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