605 Averroe Drive
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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 |
|---|---|---|---|
| Dec 14, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $315,000 | |
| Listed | |||
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Exceptional Apex location! Hardwoods throughout, tall ceilings+ tons of light in lrg bdrms, 400 sf sunroom w 3 ceiling fans looks onto back patio and yard Newly painted int. and recent ext. paint, garage flr refinished. Appliances less than a yr, 1.6 miles to Beaver Creek and quick drive to downtown Apex. Neighborhood Pool,Fenced backyard, cozy , comfortable + inviting floor plan, Lots of light, Fantastic family home w great feel + easy commute to Triangle. Prime location and nice family neighborhood.The manager has listed the unit size as 2337 square feet.
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| May 27, 2017 | Listed by Triangle Real Estate Journal | $285,000 | |
| Listed by Triangle Real Estate Journal | |||
| Jun 1, 2001 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017