5024 Elkwood Ct Raleigh, NC 27613

4 beds · 2 baths · 2,073 sq ft · Lot Size: 42,253 sq ft · Single Family Home
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5024 Elkwood Ct is in the 27613 neighborhood of Raleigh, NC. It is located in Wake County and ZIP code 27613. This Single Family Home was built in 1984 and is approximately 41 years old. The single family home spans 2073 sq ft with 4 bedrooms and 2 bathrooms and sits on a 42253 sq ft lot. Analyze and compare real estate investment strategies for properties like this home at 5024 Elkwood Ct Raleigh, NC 27613 with Property Intel by Whitepages.

Investment Potential for 5024 Elkwood Ct

The property has a current estimated value of $426,344, which is 35% below the zip median. Projected long-term rental income is $26,400 annually ($2,200 per month) with a 87% occupancy rate.

Long-Term

Gross Rental
$26,400 per year($2,200 per month)
Net Operating Income
Cap Rate
Occupancy Rate
87%in 27613 zip code
 
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Owners & Occupancy for 5024 Elkwood Ct

This property is owned by Charles R Nobles. Owner contact information includes 2 phone numbers and 1 email address.

Property Owners

Cell Phone(919) ***-****
Residence***********
Landline(919) 848-2428
Distance from Property**********
Email Address************@gmail.com
Residence***********
Landline(919) 848-2428
Distance from Property**********

Property Ownership Information

Property Tax Amount$2,830 in 2023

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 79
Resident 2************ age 78

Property Details for 5024 Elkwood Ct

Property Details

Property Sq Ft

Living Area

2,073 sq ft

Compare to 27613

Lot Size

42,253 sq ft

Compare to 27613

Price Per Sq Ft

Living Area

$206 / sq ft

Compare to 27613

Lot Size Area

$10 / sq ft

Compare to 27613
Property condition, age, exterior, etc. for 5024 Elkwo…
Longitude: -78.717898 Latitude: 35.960616 Parcel Number (APN): 195156…
Mortgage originated on through lender: UNKNOWN for$*****View Mortgage Details
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Market Benchmarks

Compare data for 5024 Elkwood Ct in Wake County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$426,344
$442,904
-$16,560 (-4%)
$635,848
$214,949 (34%)
YoY Price Change
1.98%
-54%
Year Built
1984
2000
-16 years
Living Space
2,073 sq ft
2,662 sq ft
-589 (-22%)
$ Per Living Sq Ft
$206
$173
$33 (19%)
Lot Size
42,253 sq ft
19,721 sq ft
22532 (114%)
$ Per Lot Sq Ft
$10
$31
-$21 (-67%)

Net Operating Income
$20,268
-$3,323 (-16%)
Annual Revenue
$26,400
$29,400
-$3,000 (-10%)
$8,561
$894 (10%)
Net Operating Income
$20,268
-$3,323 (-16%)
Cap Rate
4.55%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians