$527,500
●
House -
Off Market
476 N Old Lantern Road
Timberlake, NC 27583
4 Beds
3 Baths,
1
Half Bath
2,540 Ft²
$3,007
Est. Monthly
$35
HOA / Fees
4.43%
Cap Rate
About This Property
Welcome to your dream home in the highly sought after Holeman
Plantation in Timberlake, NC! This expansive 4 Bedroom, 3.5 Bath
beauty offers single story living with additional rooms and
bathrooms upstairs! You'll love the large open floor plan,
featuring stunning hardwood floors that flow through the living,
kitchen, and family rooms. The gourmet kitchen is a chef's delight
with a spacious island perfect for meal prep and entertaining. Need
more space? Enjoy the office AND a bonus room, ideal for working
from home, a playroom, craft room, etc! Step outside to a large
back deck with built in seating, overlooking a private backyard,
perfect for relaxing or hosting guests. Additional highlights
include a covered front porch, attached 2 Car Garage, and an
unbeatable location close to everything. Located in rural Person
county, yet just 21 miles from Duke University, 30 miles from UNC
Chapel Hill, 35 miles to RDU and 44 miles to NC State University!
Don't miss your chance to call this incredible property home! 476 N
Old Lantern, Timberlake, NC
Unit Size
2,540 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$217
Property Type
House
Property Taxes
$270
HOA Dues
$35
Year Built
2006
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 11 months ago (TMLS #10117835)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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ft²
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Listed On
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HOA + Taxes
About Person
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Listed by: Eddie Burton, Burton Realty Group Inc
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10117835
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10117835
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