617 Conover 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 |
|---|---|---|---|
| Jul 14, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed by Flex Realty | $430,000 | |
| Listed by Flex Realty | |||
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Let's talk about the home: First thing you notice when you arrive is a wonderful rocking chair front porch! Just imagine sipping your afternoon wine, OK, OK, Southerners call it ''Sweet Tea'' while reading the daily paper or scrolling your socials - just don't get the cat's tail... Heading in you will find the open floor plan that provides plenty of living space where you can entertain friends and family. Gather around the kitchen island for drinks and snacks and take advantage of the fairly new wi-fi enabled electric range to alert you to finished dishes as you head out to your private, fenced, backyard where you can host a cookout, play slip-and-slide, lawn darts, badminton, etc. Back inside, upstairs there is brand new carpet (that's right, you won't be living on anyone else's funk)! The open loft that can be a home office space, or potentially even be converted into a 4th bedroom (just pull your permits if you do!). The primary bedroom features an en-suite bath with walk-in shower and a large sized walk-in-closet (sizable enough to hold lots of shoes!). All the comforts you need to make this your home! What an amazing opportunity to get into a great home with an awesome location! Easy access to RTP (8.5 miles - yep, get to work), RDU (9.8 miles, hopefully that flight is off to play), Durham (7 miles - take in a show at DPAC!), Raleigh (18.3 miles - heading to the NC Symphony or one of the great museums?) or Wake Forest (16.8 miles - hey, who knew that Wake Forest University isn't actually in Wake Forest?). Checkout the new Incredible Video Walkthrough! $3K Lender Closing Cost Credit available, ask for details!
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| Mar 10, 2017 | Sold | ||
| Sold | |||
| Oct 1, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017