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5125 Wickham Road
About This Property
This fully renovated home offers modern style, bright open living spaces, and unbeatable convenience inside the 440 beltline. Enjoy quick access to Downtown Raleigh, Cary, and RTP while coming home to a peaceful, updated retreat. The main living and dining areas are filled with natural light and flow seamlessly into the contemporary kitchen featuring granite countertops and stainless steel appliances. Multiple living spaces, including a spacious living room and a screened-in porch overlooking the private backyard, providing plenty of room to relax or entertain. Bedrooms are generously sized with fresh, neutral finishes, updated bathrooms, and full walk in closets. There are TWO primary suites, one on the main level, another upstairs, 4 Carport Spaces, offering modern luxury en-suite bathrooms. With its prime location, thoughtful updates, and true move-in-ready condition, this home is a standout opportunity in one of Raleigh's most desirable areas.
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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