108 Penncross Drive
About This Property
Control lighting, thermostats, or even the fireplace from your smartphone, tablet, or laptop. The Wi-Fi-enabled garage door adds another level of convenience and peace of mind.
The kitchen of your dreams with VoiceIQ faucet lets you command it to turn on/off, dispense precise amounts, or fill containers automatically (hello, seamless coffee mornings). The ZLINE range hood features built-in Bluetooth speakers. Stylish finishes with quartz counters, mosaic tile backsplash, 42'' cabinets with crown molding, and black hardware elevate the space. Appliances include a gas range, multi-cycle dishwasher, vent-free microwave drawer, stainless undermount sink, and a pantry for extra storage.
First-floor living, elevated. The main level includes the owner's suite (with a generous walk-in closet), two additional bedrooms, full bath, and laundry room all on a single floor for ultimate convenience. The hardwood flooring flows throughout the main living areas and the primary suite, giving a cohesive, high-end feel.
A roomy loft area and two more bedrooms with a full bath upstairs make perfect space for guests, a home office, or rec room.
Modern finishes, crisp design details, and integrated smart tech make this home feel fresh, purposeful, and ready-to-live.
Nestled in a peaceful, well-maintained neighborhood, the home offers both tranquility and connectivity. You're just minutes away from shopping, dining, and daily conveniences.
This is not just a house, it's a smart, modern, highly livable space built for today's lifestyle. With its tech-forward features, beautiful finishes, and prime access to Raleigh's best amenities, 108 Penncross Drive invites you to step into a new standard of home.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2025 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Nov 3, 2025 | Price Decreased |
$424,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Oct 6, 2025 | Price Decreased |
$429,999
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Sep 25, 2025 | Listed by LPT Realty, LLC | $440,000 | |
| Listed by LPT Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017