$385,000
●
House -
Off Market
8517 Moose Way
Wake Forest, NC 27587
4 Beds
3 Baths
3,191 Ft²
$1,915
Est. Monthly
7.70%
Cap Rate
About This Property
Here is your opportunity to turn this into the modern farmhouse it
should be! Channel your inner Joanna Gaines! This large home sits
on a greatlot with no city taxes and has the ability to expand in
size and value. Priced to give the new owner a great financial
gain, this home has unfinished space onthe 2nd fl as well as a
great floorplan already in place. New roof, 1st fl primary suite,
office, large laundry room, huge secondary bedrooms with the option
tocreate well over 4000 sf. So many details and so much
opportunity!
Unit Size
3,191 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$121
Property Type
House
Property Taxes
$24
HOA Dues
-
Year Built
1992
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #2543499)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2023 | Listed by Real Broker, LLC | $385,000 | |
| Listed by Real Broker, LLC | |||
| Jul 14, 2022 | No longer available | - | |
| No longer available | |||
| Jul 8, 2022 | Listed by Keller Williams Preferred Realty | $400,000 | |
| Listed by Keller Williams Preferred Realty | |||
| | |||
|
Channel your inner Joanna Gaines! This large home sits on a great lot with no city taxes and has the ability to expand in size and value. Priced to give the new owner a great financial gain, this home has unfinished space on the 2nd fl as well as a great floorplan already in place. New roof, 1st fl primary suite, office, large laundry room, huge secondary bedrooms with the option to create well over 4000 sf. So many details. Call us today! 919-263-4128 www.SearchTriangleHomesForSale.com The manager has listed the unit size as 3191 square feet.
| |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Wake
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kimberly Pappalardo, Real Broker, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2543499
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2543499
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017