2304 Folger Street
About This Property
This well-maintained home in Northeast Raleigh offers the perfect blend of comfort and convenience, just minutes from Downtown Raleigh, RTP, and shopping. Freshly painted throughout in June 2025, the home features low-maintenance vinyl siding and a new roof installed in 2023.
You'll love the easy-care laminate hardwood flooring and the spacious 2-car garage. The second-floor layout offers flexible space - use it as a bonus room, office, playroom, or whatever suits your needs! Enjoy true main-level living with bedrooms and bathrooms, plus step-free entry from both the garage and front door.
Move-in ready and full of potential, this home is a must-see!
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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