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3726 Rivermist Drive
About This Property
Welcome to 3726 Rivermist Drive -- a beautifully renovated 4-bedroom, 3 full bath home offering over 3,027 square feet of updated living space in Southeast Raleigh. This move-in ready home features brand-new LVP flooring throughout, fresh paint, renovated bathrooms with updated vanities, and an upgraded kitchen with quartz countertops, subway tile backsplash, and a functional center island.
The flexible floor plan includes a first-floor study that can easily serve as a guest bedroom or multigenerational living space, along with a full bath on the main level. Upstairs, enjoy a spacious loft and a massive owner's suite complete with soaking tub, separate shower, and oversized his-and-hers closets.
Outside, relax on the covered back deck overlooking the fenced backyard -- perfect for entertaining or enjoying quiet evenings at home. Additional highlights include a brand-new roof, attached 2-car garage, and convenient access to Downtown Raleigh, I-40, shopping, dining, and local parks.
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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