320 Seagrass Circle
About This Property
Featuring 3 single family home collections, a community pool and cabana, playground, and open play areas. This beautiful new home community is surrounded by serene views of mature woods and is within minutes to downtown Wendell and Knightdale with easy access to HWY 264.
The Mayflower offers a study, a casual dining area, and a loft. This new two-story home has a gracious design with a first floor dedicated to shared living and entertaining. Showcasing an open layout shared by the kitchen with a center island and a spacious Great Room, as well as a formal dining room and a screened porch to extend outdoors. The gourmet kitchen
features 42'' cabinets, quartz countertops, tile backsplash, and stainless-steel appliances. On the same level is a secluded study, a bedroom, and full bath, which is ideal for guests. Upstairs are two secondary bedrooms, a versatile loft and the private owner's suite with an attached bathroom and walk-in closet. This home is under construction. Pictures and virtual tours are for representation only. The interior materials and features may differ.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2026 | Sold | ||
| Sold | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 21, 2025 | Listed by Lennar Carolinas LLC | $439,965 | |
| Listed by Lennar Carolinas LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017