92
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127 Maldon Drive
About This Property
Step outside and enjoy peaceful outdoor living from the deck overlooking the fenced, level backyard with beautiful mature trees and wooded views, offering a private and relaxing setting for morning coffee, family gatherings, or quiet evenings at home. Major updates include HVAC units replaced in 2008 and 2014, water heater replaced in 2021, roof replaced in 2018, granite countertops installed in 2018, and Hardie Plank siding installed in 2015. Additional updates include hardwood flooring throughout most of the first floor plus hardwood flooring in the second-floor hallway. Located in the heart of Cary, Kenilworth is known for its established charm, low HOA dues, convenient access to shopping, dining, parks, YMCA, Preston Country Club, RTP, RDU, and major roadways. This home offers the perfect blend of comfort, privacy, updates, and the highly sought-after Cary lifestyle.
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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