1504 Minart Lane
About This Property
The exterior boasts stone accents, crisp architectural lines, and manicured landscaping, creating exemplary curb appeal. Inside, stunning hardwood flooring, crisp trim work, coffered ceilings, wainscoting, and built‑ins elegantly frame formal and casual space.
The formal dining room impresses with abundant natural light, fine millwork, and chandelier lighting-perfect for hosting special gatherings. Also featured is a dedicated home office or study with serene views, ideal for remote work or quiet reflection.
The expansive great room showcases built-ins flanking a gas fireplace, cathedral ceilings, and abundant natural light-designed to be the heart of the home. Nearby, a practical mudroom/drop‑zone with bench and cubbies offers smart storage solutions for busy family life.
Experience seamless indoor-outdoor living with a screened porch that includes vaulted ceilings, ceiling fans, and an outdoor fireplace-overlooking a lush, private backyard perfect for year-round relaxing and entertaining.
Within Stonewater, residents enjoy a wealth of amenities: a community pool, clubhouse, fully equipped fitness center, playground, and tranquil pond and greenway trails that connect throughout the neighborhood.
The neighborhood offers easy access to:
Major routes like US‑1, with commuting times to downtown Wake Forest (≈5 min), Raleigh (≈30 min), and RTP or RDU (≈30-35 min).
Nearby attractions such as Falls Lake, E. Carroll Joyner Park, and nearby shopping/dining at Heritage and Wake Forest Crossing.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017