301 Pipit Drive
About This Property
Located in the sought-after 55+ community of Del Webb Carolina Arbors, this popular Taft floor plan offers easy single-level living with 2 bedrooms and a private office that can also function as a third bedroom. The open layout features a spacious family room, dining area, and large kitchen that flow seamlessly together--perfect for both everyday living and entertaining. The kitchen includes stainless steel appliances, a gas range, refrigerator, and a large center island with plenty of workspace and seating. Enjoy relaxing on the screened porch, an ideal spot for morning coffee or unwinding in the evening. The garage features epoxy-coated floors for a clean, polished look and easy maintenance. Residents of Del Webb Carolina Arbors enjoy resort-style amenities including a clubhouse, indoor and outdoor pools, fitness center, pickleball courts, walking trails, and a variety of clubs and social activities. Close to Brier Creek shopping, restaurants and RDU.
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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