612 Drew Street
About This Property
The kitchen is a true showstopper, featuring exquisite Taj Mahal level 4 quartzite countertops, custom cabinetry with sophisticated wood accents, and top-of-the-line appliances. Solid core wood doors throughout the home ensure extra privacy between rooms, while designer tilework enhances the modern aesthetic.
With four spacious bedrooms, three and a half luxurious baths, and a versatile loft space complete with a balcony, this home offers ample room for living, working, and entertaining. Its prime location in Downtown Raleigh means you're just a short walk from North Person Street, where you can indulge in some of Raleigh's finest dining and entertainment options. For quieter evenings, relax on the back porch, fully equipped with phantom screens and skylights, while enjoying the serenity of your private, fenced-in backyard.
This home boasts an array of high-end upgrades and intricate details that must be seen to be fully appreciated. Don't miss the opportunity to experience this custom contemporary masterpiece. Schedule your private viewing today and take the first step towards making this extraordinary home yours.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017