Homes By Dickerson is building the Cannon in Lowery Estates on a
.82-acre wooded homesite. This custom luxury home is anticipated to
be completed in July. 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 vaulted ceiling, and a walk-in
attic providing excellent storage space. Custom details are
showcased throughout, including a vaulted owner's suite ceiling
with beams, coffer ceiling in dining room, wainscotting in dining
and primary bath, upgraded built-ins, cabinetry and countertop
upgrades, wide spread faucets in primary bath, and more. 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. Photos of finished home are
of previously built Cannon Floorplan.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017