119 Larkin Lane
About This Property
Conveniently situated within the owner's entry from the garage is a secluded powder room, built-in locker and designated homework nook. One of the best features of this level is undeniably the expansive screened porch, with skylights and views of the fenced-in yard, wooded buffer, paver patio, and inviting firepit. Ascend the hardwood stairs to discover the primary suite, two additional bedrooms, a laundry room, and access to a perfect retreat or dedicated office space on the 3rd floor. This versatile area includes a loft space, fourth bedroom, and full bath, offering ample flexibility to suit various lifestyle needs. The new owners will enjoy access to the neighborhood pool with a clubhouse, playground, and convenient trails leading to the Carolina North Forest and nearby schools. With easy access to I-40 and mere minutes from the vibrant downtowns of Chapel Hill & Carrboro, this gem of a home won't last long!
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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%.
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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