One-of-a-Kind WATERFRONT Property situated on over 2 picturesque
acres overlooking Cattail Lake! Designed for Privacy, Versatility,
and Beautiful Water Views , this unique home offers its main living
quarters above an Expansive Basement Workshop featuring tall
ceilings, three oversized roll-up doors, and abundant space for
parking, equipment, projects, and storage. The open main living
area showcases hardwood floors and an Island kitchen with a gas
cooktop and wall oven. Step onto the open deck and enjoy peaceful
mornings, colorful sunsets, and views of Eagles and other Wildlife
along the lake. All three bedrooms are private suites with their
own full baths. The spacious owner's suite features a beautifully
tiled walk-in shower and an adjoining flex room that opens to a
private veranda overlooking the water. An additional parking area
offers space for an RV, with an electrical pole already in place.
Surrounded by nature and filled with possibilities, this remarkable
property combines waterfront living, privacy, workshop space, and
convenience. Located just around the corner from the luxury Cattail
community, minutes from Flowers Plantation, Harris Teeter, Publix,
shopping, dining, and an easy commute to Raleigh!
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.
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