6216 Valley Estates Drive
About This Property
All four bedrooms are located upstairs, providing privacy and a quiet retreat from the main living areas. The open kitchen and dining area are perfect for entertaining, featuring modern appliances and ample counter space. Enjoy the large deck overlooking a level, fenced backyard-ideal for gatherings, play, or relaxation. The extra large, 20'x23' attached garage offers convenient parking and additional storage space.
Valley Estates is renowned for its peaceful atmosphere, mature trees, and feeling of community. Residents are near Shelley Lake Park and Lake Lynn Park, which offer scenic trails and outdoor activities. The neighborhood is also conveniently located near shopping centers like Crabtree Valley Mall and North Hills, providing a variety of retail and dining options.
Situated with easy access to schools, major highways, and the airport, commuting to downtown Raleigh and other parts of the Triangle is a breeze. The neighborhood's location combines suburban tranquility with urban convenience, making it an ideal place to call home.
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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