4301 Azalea Drive
About This Property
Ideally located just minutes from Crabtree Valley Mall, Rex Hospital, I-440, the greenway trail system, the NC Museum of Art, and a wide variety of restaurants, grocery stores, and everyday conveniences, this home puts you close to everything while tucked away on a quiet, wooded street.
The main level features a spacious living room and dining area with smooth flow into the fully renovated kitchen, which boasts all-new cabinetry, quartz countertops, stainless steel appliances, a tile backsplash, and a large center island perfect for prepping, dining, and entertaining.
Upstairs you'll find three generous bedrooms and two full baths, including a private primary suite with an updated en-suite bath featuring new fixtures and timeless tile finishes.
The lower level offers flexible space ideal for today's lifestyle-whether you need a second living area, home office, guest space, or playroom. It features a cozy den with a brick fireplace, a fourth bedroom or office, a half bath, and a large laundry/mudroom with additional storage.
Set on a beautifully wooded .72-acre lot, this home provides privacy, space, and room to enjoy the outdoors year-round.
This home truly offers the best of both worlds: a fully rebuilt, move-in-ready interior in one of Raleigh's most convenient and desirable locations.
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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