3033 Sylvania Drive
About This Property
Step into a dramatic main living and dining area featuring soaring ceilings, exposed real wood beams, and a striking modern ring-style chandelier. A sleek Mendota fireplace anchors the space with adjustable flames, a custom solid wood mantle, and a Versi-Heat system that can transfer warmth outdoors for year-round enjoyment.
The open, airy kitchen is a showstopper with frameless modern cabinetry, generous drawer storage, a three-dimensional tile backsplash, pop-up outlets, instant hot water tap, and a cozy custom breakfast nook-perfect for casual dining.
Retreat to the primary suite boasting a beautifully renovated bath with a freestanding soaking tub, an all-drawer modern vanity, walk-in shower and a custom Elfa closet system for ultimate organization. Two additional bedrooms and a renovated bath complete the upper level.
On the lower level, discover a spacious den with door to the backyard patio, an enormous bedroom, a full bath, and a jaw-dropping mudroom offering abundant light, a deep sink, a full-sized second refrigerator, and a large storage closet-combining style and function effortlessly.
Enjoy true indoor-outdoor living on the screened porch beneath a striking butterfly roof-a hallmark of mid-century modern architecture-complete with an infrared heater and views of a private backyard oasis featuring a large hot tub, ideal for relaxing in every season.
No detail has been overlooked: all major systems are new, including two high-efficiency HVAC units, a tankless water heater, new roof, exterior paint, Trex decking, appliances (including washer, dryer, and second fridge), exterior doors, outlets, switches, lighting, and fans.
All of this in a prime location that's walkable to shops and restaurants, with easy access to everything downtown Raleigh has to offer.
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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