1106 Northview Street
About This Property
This well-built 1950s brick home offers excellent curb appeal, with a newly paved driveway and an additional parking pad for added convenience. Surrounded by beautiful, established trees, the home provides a serene and private atmosphere.
Inside, you'll find beautiful hardwood flooring throughout, paired with thick baseboards and solid doors, reflecting the durability and craftsmanship of its era. The open living and dining areas are framed to create distinct spaces, while a unique swing door connects the dining room to the kitchen. The kitchen features warm wood cabinetry, a double kitchen sink with white shelving. Off the kitchen, you'll find a practical canning/storage room, adding extra space for organization or hobbies.
Off the circular hallway, you'll find the primary bedroom and two secondary bedrooms, all with hardwood floors and ample closet space with wooden shelving. A full bathroom serves the bedrooms.
The backyard is a true standout, offering a kidney-shaped patio, a palm tree, and a tranquil setting surrounded by mature trees-ideal for unwinding or entertaining.
The unfinished basement includes two large rooms, providing abundant space for storage, a workshop, or potential future expansion.
Location: Just minutes from I-40, Hwy 401, Hwy 70, and Hwy 50, this home offers easy access to shopping, dining, groceries, and outdoor activities like Lake Benson. Only a short drive to Downtown Raleigh, this home provides the perfect balance of a quiet, private setting with unbeatable convenience to everything you need.
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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