311 Westbrook Drive
About This Property
Step outside to relax on your screened-in porch or soak up the sunshine on the back deck, surrounded by lush greenery, without lifting a finger! The HOA handles the mowing, leaving you more time to enjoy the community pool and tennis courts just down the street.
Whether you're looking for a comfortable full-time residence or a smart investment opportunity, this home checks all the boxes. Convenient to downtown Carrboro, UNC, and Chapel Hill transit, it's low-maintenance living in a location that's hard to beat.
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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