Fantastic curb appeal, beautiful landscaping and a wooded setting
welcome you to this beautifully maintained and updated home. With
no neighboring home directly to the right and a wooded backyard,
the property offers a wonderful sense of privacy. Inside, new wide
plank luxury vinyl flooring flows through the main living areas,
complementing the bright, open floor plan. The showstopping
remodeled kitchen features new cabinetry extending to the ceiling,
white quartz countertops, a stainless steel farmhouse sink,
KitchenAid appliances, new vent hood, built in oven and sleek flat
top cooktop. The kitchen opens seamlessly to the main living area
where a lovely stone fireplace creates a beautiful focal point. The
primary suite is privately positioned on one side of the home and
includes a spacious walk in closet, while the secondary bedrooms
are located separately, including one with a bright bay window. New
carpet adds a fresh finish to the bedrooms. Outside, an incredible
outdoor entertainment oasis awaits with an expansive terrace,
impressive stone fireplace, deck and a separate she/he shed with
its own balcony, all surrounded by a wooded backyard and mature
landscaping. Fiber cement siding adds to the home's appeal and easy
maintenance. Enjoy community trails and a neighborhood playground,
plus a convenient Raleigh location just off Forestville and
Mitchell Mill Roads with easy access to shopping, dining and
everyday conveniences.
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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