506 Greyfriars Lane
About This Property
Welcome to this all-brick transitional masterpiece offering timeless elegance and modern comfort in one of Cary's most coveted communities. Thoughtfully designed, this 4-bedroom, 3.5-bath home showcases an open and airy floor plan with formal dining and living room, a warm and inviting family gathering room, and a main-level Primary Retreat.
Refined details abound, including gleaming hardwoods throughout the main floor, expansive windows, and gracious living spaces ideal for entertaining. The Primary Suite features a bay window sitting area, spa-like bath with soaking tub, and a generous walk-in shower.
The homeowners have enhanced the property with a permitted screened porch and Trex deck, perfect for outdoor living, as well as a new backyard survey and perimeter aluminum fence approved by the HOA. We did not forget to update the Gutters to Black and Encapsulated Crawlspace with New Dehumidifier 2025 !
Nestled in Regency, Cary's premier neighborhood for luxury living, residents enjoy two community pools, tennis courts, miles of walking trails, and the convenience of strolling to concerts and cultural events at the renowned Koka Booth Amphitheatre. Minutes to top-rated schools, shopping, RDU International Airport, and Cary's best dining destinations.
Experience the rare blend of sanctuary and sophistication this home provides-an exceptional opportunity in a highly sought-after setting.
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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