Single-story living, no city taxes, a 3-car garage and a
whole-house Generac generator, all on 1.15 acres in Stoneridge.
This Franklinton home has 3,140 square feet, with all four bedrooms
and three baths on the main level and a huge bonus room upstairs.
The updated kitchen has granite counters, stainless steel
appliances, a 5-burner gas stove and extra counter space for a
second cook. The bar top doubles as a buffet line when you
entertain. The large Samsung Bespoke refrigerator conveys. New LVP
flooring (2025) runs through the open main living areas, and a
corner gas log fireplace keeps traffic moving between the formal
dining room and the den. The owners' suite has a tray ceiling, two
walk-in closets and a private bath with separate raised vanities, a
garden tub, a walk-in shower and a water closet. The second bath
has a full-size walk-in shower and its own door to the covered
patio, a good setup for guests who want privacy. Upstairs, the
bonus room is ready for a game room, home theater, large office or
even a conference table. Storage at both ends gives you easy access
to more space. Outside, the covered patio has an epoxy floor and
opens to a terrace shaded by a SunSetter retractable awning. The
fenced back yard has gates on both sides, including a double gate
wide enough for a riding mower. Uplighting runs dusk to dawn in
front and motion lights cover the back. The 3-car garage and a
detached storage building handle the vehicles, tools and lawn
equipment. The 10KW natural gas Generac stands by if the power goes
out. It and both HVAC systems have been serviced twice a year. The
community pool and cabana are less than a quarter mile away.
Downtown Franklinton is 10 minutes out, with Franko's, Curtsey's
Cafe and Burger Bar, Owl's Roost Pizza and Brewery, Toros Tacos and
Tequila, and local shops. Joyner Park, Falls Lake and area
greenways are within 20 minutes. The Lenovo Center, DPAC and
Meymandi Concert Hall in Raleigh are about 45 minutes away.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017