$175,000
●
Condo -
Off Market
5824 Pointer Drive #101
Raleigh, NC 27609
2 Beds
2 Baths
1,134 Ft²
$179,526
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
"INVESTOR ALERT' Perfect investment property in the heart of
Raleigh. It's currently rented. New HVAC and water heater.
Hardwood flooring.
Unit Size
1,134 Ft²
Days on Market
-
Land Size
-
Price per sqft
$142
Property Type
Condo
Property Taxes
$67
HOA Dues
$195
Year Built
-
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Cap Rate Calculator
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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 #2416839)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 23, 2021 | Sold | ||
| Sold | |||
| Nov 1, 2021 | Listed by Real Triangle Properties LLC | $161,000 | |
| Listed by Real Triangle Properties LLC | |||
| Nov 1, 2017 | Sold | ||
| Sold | |||
| Oct 3, 2017 | Listed by Berkshire Hathaway HomeService | $80,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| | |||
|
Spacious 2 bedroom/2bathroom condo in a very convenient North Raleigh location! Office nook in living room next to fireplace. Large master bedroom with big walk in closet, smooth ceilings and new tile/fixtures in master bathroom.
| |||
Property Highlights
Air Conditioning
Parking Available
Parking Details
Parking Features: On Street
Interior Details
Full Bathrooms: 2
Appliances: Electric Water Heater
Flooring Type: Carpet, Hardwood
Rooms: 4
Basement: Crawl Space
Exterior Details
Square Footage: 1134
Architectural Style: A-Frame
Year Built: 1985
Building Area Total: 1134
Levels: One
Building Area Units: Square Feet
Construction Materials: Vinyl Siding
Lot Size Units: Square Feet
Financial Details
Tax Annual Amount: $808
Utilities Details
Cooling Type: Central Air
Heating Type: Propane
Location Details
HOA/Condo/Coop Fee Includes: 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 |
|---|---|---|---|---|---|---|---|
|
11/01/2021
|
2 Bed
|
2 Bath
|
1134 ft²
|
$161,000
2 Bed
2 Bath
1134 ft²
|
$175,000
+8.70%
11/23/2021
|
Purvi Thakar
Real Triangle Properties LLC
| |
|
09/13/2020
|
2 Bed
|
2 Bath
|
1100 ft²
|
$120,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
| |
|
10/03/2017
|
2 Bed
|
2 Bath
|
1134 ft²
|
$80,000
2 Bed
2 Bath
1134 ft²
|
$74,250
-7.19%
11/01/2017
|
Matthew Rollins
Berkshire Hathaway HomeServices YSU
|
Building Info
About North Raleigh
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Listed by: Purvi Thakar, Real Triangle Properties LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2416839
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2416839
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