Homes By Dickerson is building the Cannon in Lowery Estates on a
pool-capable .79-acre homesite. This custom luxury home is a Parade
of Homes entry and is anticipated to be completed in October.
The thoughtfully designed floor plan features a main-level
owner's suite, guest bedroom, study, and laundry room, offering the
convenience of primarily first-floor living. The heart of the home
includes an upgraded scullery, open living spaces, and a screened
porch with fireplace designed for year-round enjoyment. The
second floor offers two additional bedrooms, a spacious rec room
with wet bar, and a walk-in attic providing excellent storage
space. Custom details are showcased throughout, including a
vaulted owner's suite ceiling with beams, shiplap ceilings spanning
the family room and kitchen, and a fully detailed shiplap ceiling
in the rec room. Additional highlights include custom foyer wall
treatments, upgraded finishes, and exceptional craftsmanship
throughout the home. A rare opportunity to own a
professionally designed showcase home in Lowery Estates, one of
Wake Forest's premier luxury communities. $30,000 toward rate
buy down, closing costs, or upgrades with use of preferred lender
and attorney.
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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