100 Barley Place
About This Property
The original part of the home was built in 1986. Sitting on more than 3.5 acres, this home gives you room to breathe, room to expand, and room to dream.
Expansions in the 1990s (all permitted) added a great farmhouse feel to the property with the long front porch and cover. Now sitting on this gorgeous homesite, there are over 2,500 finished square feet with an additional 1,116 square feet of unfinished basement.
Inside, you'll find four roomy bedrooms, two full baths, a half bath, and classic finishes awaiting your personal touch. The home has original flooring, paint, and fixtures, making it a prime candidate for updating or remodeling.
A full, unfinished basement offers wide possibilities for expansion, extra storage, a workshop, or a recreation room.
Outdoors, enjoy privacy and space for gardening, recreation, or even small-scale hobby farming. The lot is partially cleared but retains a woodland character. A three-car side-facing garage gives you ample parking and covered access.
This property gives you a large blank canvas just minutes from Wake Forest area amenities. If you've been looking for a property with land and potential, this is one to consider seriously. With creativity and updates, this home can be transformed into a showpiece.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017