805 River Road
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 |
|---|---|---|---|
| Oct 15, 2026 | Listed by Raleigh Realty Inc. | $379,000 | |
| Listed by Raleigh Realty Inc. | |||
| Nov 6, 2025 | Listed | $410,000 | |
| Listed | |||
| | |||
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**Fantastic Location!** All renovated to this split-level home was completed in 2024 and never lived in, is ideally situated just 35 minutes from Raleigh, 8 minutes from the outlet mall, and 2 minutes from downtown Selma. The property sits on a picturesque and private .53-acre lot, with brick and vinyl siding. The main level features a foyer, a spacious family room with a brick fireplace, a dining area, and a kitchen—all with newly finished oak hardwood floors. The kitchen boasts brand new cabinets equipped with soft-close doors and drawers, along with low-maintenance quartz countertops. On the upper level, you'll find the owner's suite with a private bathroom, along with two additional bedrooms and another bathroom. New carpet installed throughout, and both bathrooms feature new vanities and luxury vinyl tile flooring. The lower level offers a large family room with brand new carpet, a laundry room complete with a sink, a full bathroom, a fourth bedroom, plus a flexible room that can serve as an office or den. Additional upgrades include a brand new architectural roof and gutters, two new Goodman HVAC units, Pella windows and sliding door, new lighting and plumbing fixtures, a new water heater, and new garage doors with motors. In 2025 new dehumidifier and front foundation drain and sealed. This home is spacious inside and out, making it perfect for comfortable living!
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| Mar 20, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | In contract | - | |
| In contract | |||
| Feb 23, 2024 | Price Decreased |
$359,900
↓ $20K
(5.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017