$179,900
●
House -
Off Market
604 SINEWELL Drive
Wake Forest, NC 27587
3 Beds
2 Baths
1,202 Ft²
$284,991
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model
About This Property
Charming 3 bed, 2 bath ranch with large back yard and privacy
fence. HVAC replaced in 12/2016-TRANE. Spacious living room and
eat-in kitchen with lots of cabinets/counters. Bedrooms are
sizable, master with dual vanities and walk in closet. Nice size
and wonderful screened porch. Within walking distance to Richland
Creek Elementary School plus close to Joyner Park.
Unit Size
1,202 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$150
Property Type
House
Property Taxes
$143
HOA Dues
-
Year Built
1998
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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 #2158571)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 10, 2025 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Apr 29, 2025 | Listed by Pate Realty Group | $325,000 | |
| Listed by Pate Realty Group | |||
| | |||
|
Awesome single story home for entry level buyer or investment property. Property has been rented since purchase. Current lease is $2,160 per month and includes the utilities. All three bedrooms and two baths on the main floor. L-shaped kitchen counters. Refrigerator conveys. Fence has been removed and we are getting a quote for a new one. Owner is a licensed real estate agent.
| |||
| Jul 23, 2021 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Sold On
HOA + Taxes
About Wallridge
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Listed by: Mike Glenn, Northside Realty Inc.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2158571
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2158571
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