107 Pine Lane
About This Property
The flexible floor plan offers a formal dining room that previously served as a main-level bedroom with a renovated full bath and zero-threshold shower. Upstairs, three bedrooms and a full bath, including a primary bedroom with a walk-in closet that surprises in the best way. The lower level has a second woodburning fireplace, shiplap ceiling, full bath, and a space already plumbed for a kitchenette -ideal for an in-law suite or apartment conversion. Across the street, the Coker Pinetum trail winds through 25 acres of preserved forest along Meeting of the Waters creek, connecting you on foot to UNC, the hospital, Boshamer Stadium, and the Dean Dome. On still evenings, the Bell Tower chimes the quarter-hour, the Marching Tar Heels drift through the air, and the crowd roars from the stadium, a soundtrack unlike any other. Two owners in 69 years. Some homes are simply meant to be cherished.
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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%.
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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