5924 Adako Road
About This Property
Build what fits your life: a site-built home, a site-built tiny home, a modular home, or a manufactured home is all permitted. Note: pre-manufactured tiny homes built to RV standards are not allowed under RA-20 zoning - site-built construction is required for tiny homes in this zoning.
Everything you came to the mountains for is right outside your door - Brown Mountain Off-Road Trail System, Pisgah National Forest, and fishing on the Johns River, all just minutes away.
The hard work is done. The utilities are in. The land is ready. All that's missing is you.
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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 9, 2026 | Price Decreased |
$59,500
↓ $5K
(8.3%) | |
| Price Decreased | |||
| May 23, 2026 | Listed by True North Realty | $64,900 | |
| Listed by True North Realty | |||
| Sep 17, 2023 | No longer available | - | |
| No longer available | |||
| Sep 14, 2023 | Sold | ||
| Sold | |||
| Aug 21, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017