101 Stoneridge Drive
About This Property
The first floor features a spacious owner's suite with a vaulted ceiling, large two-sided walk-in closet, and peaceful wooded views. Multiple living and dining areas provide excellent flexibility, along with an eat-in kitchen and a versatile additional room ideal for guests, recreation, a home office, or flex space. Upstairs, you'll find four spacious bedrooms, including one with an ensuite bathroom, generous closet space, and abundant walk-in storage.
Outdoor living truly shines with a large screened porch, expansive deck, deer fencing, and a private inground swimming pool, creating a peaceful retreat-like setting surrounded by nature.
Thoughtful updates throughout the years include roof and gutters, exterior paint, HVAC improvements, driveway replacement, sealed crawlspace, new interior paint and carpet, and much more. The home has also been pre-sale inspected with repairs completed, offering buyers added confidence and peace of mind.
Stoneridge offers the perfect balance of privacy and convenience, just minutes from Chapel Hill, Durham, UNC, Duke, area shopping, dining, and I-40.
Residents also have the option to join the nearby Stoneridge Swim & Racquet Club featuring an outdoor pool, swim team, tennis, pickleball, playground, and picnic area.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017