What makes a Southern home? Perhaps it begins with a house that's
easy on the eyes, a front porch wide enough for rocking chairs or a
porch swing, and a neighborhood where friends become familiar
faces. Add a grassy yard for games of every kind, a spacious stone
patio with an outdoor grilling area for weekend barbecues, and a
setting where you can swim, play racquet sports, or shoot hoops is
just a stroll away. After all, this is North Carolina, where UNC is
practically a backdoor neighbor and basketball is a past time.
Inside, the home is every bit as welcoming. Sunlight streams
through tall windows, while soaring ceilings, handsome moldings,
soft neutral tones, and site-finished hardwood floors throughout
the main level create a sense of warmth and continuity. Rather than
sacrificing square footage to long, dark hallways, this
thoughtfully planned home offers generous, connected living spaces
with room to gather and places to retreat. A study lined with
floor-to-ceiling bookcases invites quiet reading, work, or
reflection. Two dining areas accommodate everything from holiday
celebrations to casual breakfasts overlooking the kitchen and
outdoor play space. At the heart of it all, a dramatic two-story
family room features a fireplace nestled between graceful arched
windows, custom built-in cabinetry, and a second-floor catwalk
overlooking the gathering space. The kitchen combines wood,
stone, and tile to create a space that compliments the surrounding
living areas. It features rich cherry cabinetry with dovetail
construction and soft-close drawers, granite countertops, a
Sub-Zero refrigerator, gas cooktop with stainless hood, wall oven,
and microwave. Open to the breakfast area and family room, the
location keeps conversation flowing whether preparing a weeknight
supper or entertaining a crowd. As households grow and needs
evolve, flexibility becomes invaluable. Here, five bedrooms include
2 primary suites, one on the main level and another upstairs, each
with a private bath and generous closet space. Two additional
second-floor bedrooms share a full bath, while a separate staircase
leads to a fifth bedroom with its own bath. Guests, or family
members will enjoy this quiet retreat. Just minutes from
downtown Chapel Hill and UNC, this is a home that understands the
Southern tradition of living well: welcoming neighbors, gathering
around the table, making room for everyone, and enjoying the simple
pleasures of home.
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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