117 Longbridge Drive
About This Property
Fantastic location just minutes to Walmart, Whole Foods, and Crossroads Shopping Plaza. Convenient access to I-40, Downtown Raleigh, and NC State University.
This spacious 2,653 SF home features 4 bedrooms and 2.5 bathrooms, with a desirable first-floor primary suite and a large bonus room upstairs.
Highlights include:
Soaring ceilings in the foyer and family room
Separate living room and formal dining room
Brand new carpet
New LVP flooring in kitchen, breakfast area, bathrooms, and laundry room
Fresh interior paint throughout the entire home
New light fixtures
Storage rooms on both the first and second floors
This home offers space, functionality, and an unbeatable location!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017