240 Release Circle
About This Property
The welcoming foyer opens to sun-filled interiors, highlighted by floor-to-ceiling windows that fill the home with natural light. The main level features a first-floor primary suite, private office or study, formal living and dining rooms, a comfortable family room, and a breakfast area-creating an ideal setting for both everyday living and entertaining.
Outdoor living is enhanced by a screened porch that opens to an expansive deck overlooking the fully fenced backyard, offering privacy and space to enjoy the surrounding natural setting.
The upper level provides flexible living options with additional bedrooms, including one that can serve as a generous recreation room with walk-in flex space, along with a versatile loft featuring built-ins.
Offered as-is, this home presents a wonderful opportunity to personalize and enhance a well-established property in one of North Raleigh's most sought-after neighborhoods. All kitchen appliances convey.
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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