188 Karlov Road
About This Property
The main floor boasts LVP flooring throughout, creating a seamless flow between the formal dining room, open-concept living area, casual dining space, and a modern kitchen with crisp white cabinetry and ample counter space. A convenient drop-zone with built-in storage keeps everything organized and clutter-free. Upstairs, you'll find generously sized bedrooms and a spacious loft-great for a media room, play area, or second living space. There is no shortage of storage in this home! Step outside to a large fenced backyard with a covered porch, perfect for entertaining or enjoying quiet evenings. Situated in a prime location near White Oak Shopping Center, I-540, and the new VA Medical Center, this home offers quick access to dining, shopping, and everyday essentials, all while being just minutes from downtown Raleigh and surrounding areas. Don't miss this opportunity to own a versatile and well-appointed home in one of the area's most convenient and growing communities!
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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