$740,000
●
House -
Off Market
1201 Fanning Drive
Wake Forest, NC 27587
5 Beds
5 Baths
4,132 Ft²
$771,832
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
About This Property
HERITAGE WAKE FOREST - 5 Bdrms / 5 Full Baths / .33-Acre Lot with
large, private Fenced Back Yard! Sun-filled Dining Rm features
Coffered Ceiling & Wainscot Panels. French Doors open into a
Dedicated Office. Spacious Open Floorplan with site-finished,
authentic Hardwood Floors. Family Room Gas Fireplace is flanked by
Custom Book Shelves & Transom Windows. The Kitchen layout provides
for multiple cooks & entertaining, with an Island, Stainless Steel
Appliances, and Granite Countertops. Walk-in Pantry; Mud-Room for
organized Storage! 1st Floor Guest Bdrm & Full Bath. The Master
Bedroom feels peaceful with an ensuite Spa Bathroom, Dual Sinks,
Tub & Shower, and a crown jewel 16x18 Walk-In Closet! 2nd Floor
Bonus Room is perfect for a Game Room/Hobbies/Office. The 3rd Floor
Bonus Room is 15 x 51 Ft. WITH a Full Bath! Professionally finished
by custom contractors. Football Season is here! Watch Games &
Movies, plus room for Guests... the possibilities are endless! 2nd
Floor Laundry Rm=Convenience & Organization. Showings are expected
to begin 2/1/2023.
Unit Size
4,132 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$181
Property Type
House
Property Taxes
$510
HOA Dues
$24
Year Built
2013
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #2465641)
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Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Heritage North
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Listed by: Janet Rose, North Wake Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2465641
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2465641
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