7497 Cypress Drive
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 |
|---|---|---|---|
| Feb 13, 2024 | Sold | ||
| Sold | |||
| Jan 1, 2024 | Listed by Nest Realty of the Triangle | $327,000 | |
| Listed by Nest Realty of the Triangle | |||
| Jul 10, 2015 | Sold | ||
| Sold | |||
| May 12, 2015 | Listed by Weaver Street Realty & Auction | $156,000 | |
| Listed by Weaver Street Realty & Auction | |||
| | |||
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Sunny tight little contemporary with 3 bedrooms and 2 baths on a large lot with creek and garden area. Bamboo floors, eat-in modern kitchen with a bank of windows to the woods, master with bath and walk-in closet, covered porch, deck, storage building, gardens and small orchard. End of the street living with Alamance taxes and easy access to Chapel Hill.
| |||
| Apr 30, 2015 | Listed by Nest Realty of the Triangle | $156,000 | |
| Listed by Nest Realty of the Triangle | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017