1020 Harper Road
About This Property
Lot 42 -- a brand-new home on a generous .225-acre lot, just minutes from Downtown Raleigh and NC State, at a price point you almost never see in this location.
With no HOA , this opportunity is truly hard to come by. Buyers may also take advantage of up to $10,000 in lender incentives and competitive interest rates (subject to lender approval).
Built by a trusted local builder, this 4-bedroom, 2.5-bath home offers thoughtful upgrades throughout, including 9-foot ceilings on both levels, a bright and open kitchen, laminate wood flooring, upgraded lighting and plumbing fixtures, and abundant natural light. A large patio and two-car garage make everyday living easy and functional.
The location seals the deal -- just minutes to Downtown Raleigh, I-40, I-440, NC State, Dix Park, the State Farmers Market, Cary, and more. Homes like this don't come along often. Move-in ready, flexible living, and investors welcome -- don't miss it.
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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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