Popular Homes by Dickerson Concord floor plan.. Resort-style living
in sought-after Wendell Falls! Located on a cul-de-sac lot backing
to HOA land, this move-in ready home offers a fenced backyard, 4
bedrooms, 3 baths, bonus room, walk-in attic storage, and a 2-car
garage. The main level features a private primary suite plus two
secondary bedrooms, while upstairs includes an additional bedroom,
full bath and bonus room. Enjoy a rocking chair front porch,
screened back porch, open floor plan, and sun-filled living spaces
with 10' ceilings, custom millwork, extensive base and crown
molding, plantation shutters, and built-in cabinetry flanking the
family room gas fireplace. The spacious kitchen includes a large
center island, quartz counters, stainless steel appliances, tile
backsplash, and ample cabinetry. Additional features include a
grand double-door foyer, mudroom, laundry room with utility sink
and cabinetry, sealed crawlspace, and Rinnai tankless water heater.
The private primary suite offers an oversized walk-in closet
with built-ins and a spa-like bath with double vanity and tiled
walk-in shower with glass enclosure. Wendell Falls amenities
include The Farmhouse community center with cafe, 24-hour gym,
saltwater pool, and meeting rooms, plus a community lake, lakeside
pavilion, parks, playgrounds, dog park, fishing pier, 10 miles of
trails, and golf cart-friendly living. Convenient to Publix,
Treelight Square shopping, dining, and more.
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.
Ready Q1 2023, this "Concord Farmhouse" in Wendell Falls is by locally owned Homes By Dickerson. 4 bed/3 bath + 2-car Garage w/ample unfinished walk-in attic storage: Owner's Bedroom, 2 Guest Bedrooms, Laundry on 1st fl.; 10' ceilings on 1st fl w/ large Living, Kitchen & Dining. Second floor features 4th Bedroom and spacious Rec Room. Resort style/golf cart living w/ salt water pool, Cafe, 24 hr gym, parks, 10 miles of trails. Short ride to Publix & Treelight Square (boutique restaurants/shopping). 15 min to DT Raleigh.
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Concrete, Driveway, Garage, Garage Faces Front
Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Gas Range, Gas Water Heater, Microwave, Range Hood, Self Cleaning Oven, Stainless Steel Appliance(s), Tankless Water Heater
Flooring Type: Carpet, Hardwood, Tile
Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level
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