2338 Sandy Lane
About This Property
A spacious utility room provides space for a proper sized washer and dryer, maybe an extra stand-up freezer for those that plan ahead, plus pantry / dry storage options that would make your grandparents excited. Between the kitchen and utility room, just through the door of the attached 1-car garage, you will find a purposefully placed mudroom complete with an executive level drop zone for keys, phones, mail and everything you need to find quickly when you remember to remember that important thing that slipped your mind earlier.
In addition to the attached one-car garage, you'll find a detached garage with secure roll-down locking doors, flanked by two covered carport spaces. A separate detached outbuilding--complete with its own electrical panel--offers the perfect setup for a workshop, studio, or additional storage. There's also ample space to park boats, RVs, trailers, or antique vehicles.
Imagine enjoying your morning coffee on the patio while listening to the songs of the sparrows and the drills of the woodpeckers who also call this land home. In the evening, wind down by the fire (inside or out!) with family and friends. The summer shade offers retreat from the heat, while the garden receives abundant sunshine for the grower's delight. The strawberries and figs are a summertime treat. Bonus - the neighborhood is well-maintained *without an HOA!*
Location is equally as impressive. Southeast Alamance High School is within walking distance, with Alamance Community College just 3.8 miles away. Enjoy the outdoors at Graham Regional Park (1.8 miles), or explore nearby dining, shopping, and entertainment in downtown Mebane (6.8 miles) and downtown Graham (5.6 miles). For a unique local experience, the Village of Saxapahaw is just 8.7 miles away, featuring the Haw River Ballroom, local eateries, and vibrant community events.
2338 Sandy Ln offers the perfect blend of functional practicality, creative flexibility, and 'close to everything' convenience
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017