702 Sam Snead Drive
About This Property
As you step into the home, you are welcomed by a bright foyer that leads to the main living areas. The spacious living room, features large windows that invite natural light and a cozy fireplace that creates a warm and inviting atmosphere. The kitchen is equipped with newer top-of-the-line appliances, including an induction stove, and offers ample counter space and cabinetry, perfect for any culinary endeavor. The primary suite is a private retreat, complete with 3 closets, 2 which are walk-ins, and an en-suite bathroom featuring dual vanities, a soaking tub, and a separate shower. Three additional bedrooms offer plenty of room for guests, or a home office, with easy access to the remaining full bathrooms. Step outside to the expansive backyard & enjoy the beautifully landscaped yard offering privacy and a serene environment for enjoying the outdoors.
Living in Mill Creek Golf Community means access to a range of amenities, including the golf course, swimming pool, tennis courts, and walking trails. This home is conveniently located near I-85, offering easy access to shopping, dining, and entertainment options in Mebane, as well as quick commutes to nearby cities like Durham and Chapel Hill.
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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