8704 Paddle Wheel Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 10, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Relisted | $420,000 | |
| Relisted | |||
| Apr 11, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed by Smart Choice Realty Company | $500,000 | |
| Listed by Smart Choice Realty Company | |||
| | |||
|
This home has been thoughtfully updated with modern conveniences and essential improvements. The garage door has been replaced and now features app connectivity for added convenience. Roof ridge protectors have been installed to prevent bats from entering. Inside, brand-new LVP flooring adds durability and elegance, while the newly installed refrigerator complements the kitchen. The home's exterior has been freshly painted, boosting curb appeal! Abundant natural light fills the home, enhancing the welcoming atmosphere. The lovely dining room has a trey ceiling and crown molding that flows through the main living areas. Enjoy the gas fireplace in the living room! The primary bedroom w/walk-in closet & renovated private bath w/granite counters, new window, garden tub and walk-in shower serves as a peaceful retreat! Three significantly sized secondary bedrooms offer plenty of storage- two feature huge walk-in closets while one offers 2 closets! The screened-in porch offers a relaxing space to unwind! The level backyard includes a playset, making it perfect for outdoor enjoyment & ample room for outdoor activities. Additionally, the crawl space has been upgraded with new plastic, fans & insulation for improved efficiency. Beyond the home's features, the surrounding community is truly exceptional. A short walk to Litchford Village offers access to groceries, restaurants, fitness options & more. Nearby, Durant Nature Preserve provides scenic trails, fishing lakes & a playground, perfect for outdoor enthusiasts. The home's prime location ensures everyday convenience, with shopping, dining & entertainment just minutes away!
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About North Raleigh
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,450 /mo
- 3 Beds
- 3 Baths
- 1,863 ft²
$2,450 /mo
- 3 Beds
- 2 Baths
- 1,444 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017