1216 Chimney Hill Drive
About This Property
Enjoy a private, fully fenced backyard backing to a wooded buffer, complete with a new patio and flagstone path added in 2023-ideal for relaxing or entertaining. The enclosed screened porch overlooks the backyard and patio, creating a peaceful outdoor retreat you can enjoy year-round.
Inside, the home feels warm and bright with smooth ceilings and fresh interior paint completed in early 2025. The kitchen features white cabinetry, granite countertops, and stainless steel appliances, making it both stylish and functional for everyday living. The stunning primary bathroom was renovated in 2022 and includes a walk-in tile shower, quartz countertops, and a dual vanity. The roof was replaced in 2020, offering added peace of mind and long-term value.
Shepherd's Vineyard offers low HOA dues and access to amenities including a pool with optional membership, playground, tennis courts with pickleball lines, sand volleyball court, and greenway access. Walk to the public library and Apex High School, and enjoy being just minutes from downtown Apex. Everyday conveniences are close by, with multiple daycare options nearby and grocery shopping, including Costco.
This home delivers privacy, thoughtful updates, and unmatched convenience in one of Apex's most sought-after communities.
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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