612 New Road
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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 |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Apr 3, 2024 | Listed by Raleigh Realty Inc. | $925,000 | |
| Listed by Raleigh Realty Inc. | |||
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Welcome to 612 New Rd located in Five Points in Raleigh featuring 4 bedrooms and 3.5 bathrooms. This is a CHARMING, well-maintained home nestled in the heart of Raleigh's desirable 27608 zip code. Situated in one of Raleigh's most coveted neighborhoods, this home is less than 1 MILE from parks, schools, shopping centers, and great dining options. Boasting a classic exterior with a welcoming front porch, step inside to discover a thoughtfully designed floor plan that seamlessly combines spaciousness with functionality. Some of the best features are the hardwood floors throughout the main floor, the spacious bedrooms, and the large screened in porch. The porch and patio below overlook the large fenced in backyard, perfect for your entertaining needs.
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| Nov 3, 2020 | Sold | ||
| Sold | |||
| Sep 29, 2020 | Listed by Berkshire Hathaway HomeService | $615,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| Jun 20, 2012 | Sold | ||
| Sold | |||
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About University
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017