Beautifully updated and thoughtfully maintained, this inviting
4-bedroom home offers timeless charm, modern conveniences, and
exceptional outdoor living on a private, fenced 0.69-acre lot! A
covered front porch welcomes you inside, where refinished hardwood
floors, crown molding, chair rail, and transom windows add
character. The dramatic two-story family room features built-ins
and a gas-log fireplace. A main-floor office/flex room and separate
dining room offer versatility. The refreshed kitchen features
professionally refinished white cabinetry, skyline marble hybrid
countertops by Mogastone, a five-burner gas cooktop, updated
lighting, and 2024 Samsung appliances, including a Bespoke
refrigerator. Enjoy a breakfast area with built-in seating and
additional counter seating. Upstairs, the primary suite features
professionally refinished white bathroom cabinetry, new quartz
countertops and plumbing fixtures, a garden tub, a separate shower,
and a walk-in closet with an organization system. Outdoor living
shines with a 10' x 18' screened porch, 14' x 18' patio, and 16' x
16' fire pit area, plus a spacious fenced backyard. Major
improvements include a roof (March 2023), both HVAC systems
(February 2025), electric water heater (October 2026), gas logs
(2024), and conversion from propane to natural gas. Additional
features include a two-car garage, extra parking, and storage shed.
Convenient to Wake Tech, NC State, Dix Park, the State Farmers
Market, Yates Mill Park, Lake Wheeler Park, shopping, Costco, and
I-540 access. A wonderful combination of space, style, and
location!
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.
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