720 Springfork Drive #424
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 29, 2018 | No longer available | - | |
| No longer available | |||
| Sep 27, 2018 | Sold | ||
| Sold | |||
| Jul 15, 2018 | Listed | $169,900 | |
| Listed | |||
| | |||
|
Fabulous move in ready 1st floor condo overlooking the community lake. Great views from living room and master bedroom. Open floor plan with new carpet & paint thru-out. Cook friendly kitchen w/pass thru to dining area. Living room features a wood burning fireplace and access to the rear porch. Spacious master bedroom offers access to the porch and a private bath w/dual vanity and walk-in closet. Enjoy the community pool and walking trail around lake. Convenient to Downtown Cary The manager has listed the unit size as 1210 square feet.
| |||
| May 31, 2018 | Listed by Linda Craft Team, REALTORS | $169,900 | |
| Listed by Linda Craft Team, REALTORS | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/10/2025
| |
2 Bed
|
2 Bath
|
1211 ft²
|
$369,000
2 Bed
2 Bath
1211 ft²
|
$369,000
08/04/2025
|
Stacey Delgado
Redfin Corporation
|
|
05/31/2018
|
2 Bed
|
2 Bath
|
1210 ft²
|
$169,900
2 Bed
2 Bath
1210 ft²
|
$175,300
+3.18%
09/27/2018
|
Linda Craft
Linda Craft & Team, REALTORS
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017