Beautiful home in the highly desired Stonegate at St Andrews
neighborhood. Brick and fiber cement construction. Downstairs has
all your living and entertaining areas: receiving living room or
office, dining room, family room with gas fireplace, eat-in kitchen
area and a large kitchen perfect for serving up gourmet meals.
Kitchen features: tons of cabinets and countertop space, gas top
stove with dual ovens, tile backsplash, stainless steel appliances,
conveying refrigerator and island. The family room is very
spacious with flexibility for your preferred furniture layout.
Eat-in opens up to backyard with a large patio and a lot of
privacy. Upstairs has the convenience of all of the bedrooms and
the laundry room on one floor. The primary suite is expansive and
has multiple large closets as well as a tile-surround walk-in
shower and soaking tub. The other three bedrooms are all nicely
sized with good closets. Hallway bathroom with tile flooring and
tile-surround tub/ shower combo. Stonegate is a beloved subdivision
with amazing amenities: large swimming pool, kiddy pool,
waterslide, playgrounds, tennis courts and clubhouse which are all
a short walk from the home. The local community provides easy
access to all daily shopping needs in addition to proximity to 540,
downtown Wake Forest (with the ever-popular Friday Night on White
St festivals), Raleigh, Falls Lake recreation, Neuse River Trail
and much more. Large neighborhood with sidewalks perfect for
strolling. Separate HVAC systems for each floor and both utilize
gas furnaces. This is a property with a wonderful lifestyle!
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.
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