6924 Coventry Ridge Road
About This Property
This home has been thoughtfully updated, including a roof and HVAC (2019), as well as updated windows and back doors (2019). Renovated primary bathroom, encapsulated crawlspace, and new water heater (2021). New deck added (2024), New carpet (2026).
Refrigerator, washer, and dryer will convey with the property.
Located in a convenient area, close to 540 Hwy, It is just 1.7 miles from River Bend Park and kayak launch, 1.2 miles to Wake Tech North Campus, and 2 miles from WRAL Soccer Park. You are also close to the Neuse River Trail, where you can enjoy over 10 miles of scenic paths leading to Falls Lake. With nearby shopping, restaurants, and everyday essentials, this home offers comfort, convenience, and a great Raleigh lifestyle.
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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