Seller offering a 2/1 mortgage rate buy down with acceptable offer!
Welcome to this beautifully maintained five-bedroom home in the
sought-after Parks at Westlake community, where exceptional
amenities, top-rated schools, and everyday convenience create an
outstanding lifestyle. Ideally located just minutes from Cary,
downtown Holly Springs, Fuquay-Varina, Raleigh, and NC-540 for an
easy commute, this home is also close to parks, greenways, nearby
tennis courts, excellent healthcare, the community center, public
library, and highly rated schools--including Middle Creek High, a
nationally recognized STEM school--all connected by neighborhood
sidewalks. Inside, the thoughtfully designed floor plan
features a guest bedroom with a full bath on the main level, a
private office with French doors, a formal dining room, and a
breakfast area. The spacious family room is anchored by a natural
gas fireplace, while the kitchen offers a natural gas stove, new
stainless Frigidaire dishwasher and microwave, and all appliances
convey. A large laundry room and ample attic storage provide
exceptional everyday functionality. Upstairs, you'll find a
versatile loft along with four additional bedrooms, offering
flexible space for work, recreation, or relaxation. Freshly
painted inside and out, this move-in ready home also features a new
high-quality heat pump for added comfort and efficiency. Enjoy
peaceful outdoor living on the private screened porch and paver
patio overlooking a protected natural area, surrounded by mature
landscaping that enhances both beauty and privacy. Residents
of Parks at Westlake enjoy an exceptional amenity package,
including two community pools--with a children's play pool just
down the street--a clubhouse available to rent for private events,
a designated community dog walk area, dog park, and extensive
sidewalks throughout the neighborhood. Google Fiber is available
for high-speed connectivity, and lawn maintenance is included in
the HOA dues, allowing more time to enjoy everything this vibrant
community has to offer.
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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