809 SE Belmont Drive SE
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 |
|---|---|---|---|
| Mar 30, 2023 | Sold | ||
| Sold | |||
| Jan 11, 2023 | Listed by Engel & Volkers Raleigh | $295,000 | |
| Listed by Engel & Volkers Raleigh | |||
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|
Back on the Market FULLY RENOVATED, super cozy Ranch in ITB, minutes away from Downtown Raleigh! Great investment opportunity, a first home, or even AirBnB. The home features an open floor plan with New roof 2017, NEW central AC 2022, NEW vynil floors throughout, NEW tile, appliances, light fixtures, gorgeous new bathroom and kitchen. HUGE back yard with lots of mature tree shade for your hot summers entertainment in a quiet neighborhood. LENDER INCENTIVES IN DOCS TAB.
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| Jan 4, 2023 | No longer available | - | |
| No longer available | |||
| Nov 30, 2022 | Listed by EXP Realty LLC | $299,000 | |
| Listed by EXP Realty LLC | |||
| Nov 29, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017