301 Edgewater Drive
About This Property
Inside, wood and laminate floors flow throughout the main living areas, and a cozy fireplace adds warmth as the centerpiece of the family room. The eat-in kitchen features stainless steel appliances and white cabinets and opens seamlessly to both the family room and a large deck--designed for easy living, quiet nights and hosting gatherings.
Recent updates include a new HVAC system (2025) and roof (2020) with stylishly black gutters (2026), offering peace of mind for years to come. Fresh paint throughout gives the home a clean, updated feel, making it truly move-in ready. Refrigerator, washer and dryer can convey.
Additional highlights include a one-car garage and a backyard poultry coop, adding flexibility for those looking to enjoy a bit of homesteading or outdoor living. A rare opportunity for space, updates, and freedom--all in a serene neighborhood setting. Minutes to Fuquay Varina, Sanford and Lillington.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| May 9, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by Relevate Real Estate Inc. | $250,000 | |
| Listed by Relevate Real Estate Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017