312 Karpen Lane
About This Property
Featuring five bedrooms, four and a half baths, and a spacious bonus/media room, the layout is designed for both everyday living and entertaining. Secondary bedrooms include ensuite and Jack-and-Jill baths, providing comfort and privacy for family and guests alike.
The fully finished 1,522-square-foot basement is ideal for multigenerational living or extended stays, complete with a private bedroom, full bath, billiards room, and flexible space for a gym, ping pong, or hobbies. Step outside to a covered patio for seamless indoor-outdoor living.
The main level showcases formal living and dining rooms, a grand family room with a stone fireplace, and dedicated office space. An oversized screened porch and deck overlook the flat, private backyard -- perfectly suited for a future pool.
Enjoy direct access to a half-mile greenway leading to Thomas Brooks Park, with soccer, baseball, cricket, and volleyball fields just moments away.
A rare opportunity to own a thoughtfully designed home with room for everyone in one of Cary's most sought-after communities.
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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