Feel lucky enough every day in this brand-new Garman Homes ranch in
Tupelo Junction! The Bright Copper Kettles plan offers single-story
living with 3 bedrooms, 2 baths, and an open-concept layout that
flows from kitchen to dining to living. The Ranch style floor plan
gives everyone room to gather and space to retreat, and the
versatile flex room works as a home office, studio, or quiet
reading nook. Inside, the Nantucket-inspired Sconset Walk package
pairs sandy neutrals and foamy whites with foggy warm toned
cabinets and a hydrangea blue backsplash for a calm, coastal feel.
Just steps from Lake Michael Park, where you can fish, paddle, or
walk the trails around the lake. Minutes from downtown Mebane's
local restaurants, breweries, and shops on Clay Street, plus Tanger
Outlets, the Mebane Arts & Community Center, and the annual Dogwood
Festival. Quick access to I-40/85 puts Burlington, Chapel Hill, and
Durham within easy reach. Move-in ready and waiting for you!
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.
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