61
Map
648 Future Islands Way
About This Property
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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 15, 2026 | Listed by Compass -- Raleigh | $475,000 | |
| Listed by Compass -- Raleigh | |||
| Sep 17, 2025 | Price Decreased |
$520,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Jul 25, 2025 | Listed | $525,000 | |
| Listed | |||
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Welcome to this beautifully designed 3-bedroom, 2.5-bath home located in the vibrant Wendell Falls community. Step inside to an open-concept floor plan featuring a gourmet chef's kitchen with elegant grey and white cabinetry, sparkling quartz countertops, a large island, and stainless steel appliances—perfect for both cooking and entertaining. The spacious first-floor master suite offers privacy and comfort as well as a large bonus room on the second floor! Don't miss this opportunity to live in one of Wendell's most desirable neighborhoods—just minutes from dining, shopping, and major highways, with all the charm of small-town living and easy access to Raleigh
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| Nov 22, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017