130 Cherryhill Drive
About This Property
The main level has that popular open concept layout everyone wants while still keeping your designated dining area! The living room features a gas fireplace, and the eat-in kitchen overlooks the backyard, bringing in beautiful natural light all day long. There's a walk-in pantry, a convenient half bath, and a back porch just off the kitchen that makes grilling or slow morning coffee effortless!
Upstairs you'll find three bedrooms, two full bathrooms, and a separate laundry room (because having it close to the bedrooms just makes life easier). The attached garage plus a walk-in crawlspace gives you plenty of extra storage space for tools, seasonal decor, or hobbies.
Location-wise, you really do get the best of both worlds. Peaceful backroad views at home, only about 30 minutes to downtown Raleigh and less than 10 miles to I-40. You're so close to shopping at Carolina Pottery, the Reedy Creek Golf Course, and all the restaurants around 210 and 40/42.
It's private without feeling isolated. Convenient without feeling busy. Just an easy, comfortable place to call home right here in Four Oaks!
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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