178 Briarfield Drive
About This Property
In Seagroves Farm in the Town of Apex (Wake County), 178 Briarfield Drive offers a flexible 5-bedroom layout with 4 full baths on a 0.28-acre lot. Outdoor living is a highlight with a permitted screened porch (2010) and a replaced deck (Mar 2025) overlooking the fenced backyard and irrigated lawn (irrigation 2009); the irrigation backflow preventer has been certified with the town each year. Major updates are already handled, including exterior paint (Feb 2021), leaf guard (Nov 2018), water heater (Oct 2022), roof (Feb 2023), and flooring/carpets completed Nov 2025 for a clean, move-in-ready feel. The layout supports a variety of needs with multiple rooms for everyday living, work-from-home, or guests. Community amenities may include pool and clubhouse; HOA details and dues to be verified. Penny Road Elementary (1.9 mi), Apex Middle (1.3 mi), and Apex High (1.2 mi).
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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