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2213 Timberlake Drive
About This Property
Owned and lovingly maintained since 1978, this 4-bedroom, 2.5-bath ranch is full of character and ready for its next chapter. The classic U-shaped floor plan offers multiple living spaces, including an eat-in kitchen and den, along with separate formal living and dining rooms--ideal for both everyday living and entertaining.
The private bedroom wing features four bedrooms and two full baths, including a primary suite with its own bath and direct access to the back deck.
Set on a .65-acre lot, the outdoor space truly stands out. Once cared for by a master gardener, the property offers mature, thoughtfully designed landscaping that creates a peaceful, park-like setting. The heated saltwater pool, complete with a new liner, adds to the appeal--perfect for relaxing or entertaining throughout the seasons.
Recent updates include a new roof (2025) and well holding tank and pump replacement (2025), offering added peace of mind as you bring your own vision and updates to the home.
Located in a unique, private wooded neighborhood featuring three lakes, this setting offers a serene, tucked-away feel that is increasingly hard to find--especially with no city taxes.
A rare opportunity to create your own retreat while remaining close to all that Raleigh has to offer.
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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