402 Carpenter Fletcher Road
About This Property
Welcome to 402 Carpenter Fletcher Rd, a spacious corner-lot home offering modern upgrades, energy efficiency, and an unbeatable location-all with no HOA.
This property features a tankless water heater, 2019 roof, and solar panels that will be fully paid off at closing for long-term savings. The kitchen has been updated and extended with added counter space, and the washer/dryer has been repositioned for convenience. The deck was recently redone with an overhang, perfect for year-round enjoyment.
With thoughtful improvements throughout, this home is truly move-in ready and priced under market value, providing instant equity.
Just minutes from Southpoint Mall, top shopping and dining, and with quick freeway access for an easy Triangle commute. Strong rental demand in the area also makes this property a great investment opportunity.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017