$515,000
●
House -
Off Market
704 Wildflower Ridge Road
Wake Forest, NC 27587
3 Beds
3 Baths
2,166 Ft²
$3,207
Est. Monthly
$242
HOA / Fees
About This Property
Beautiful home in the highly sought-after Traditions neighborhood,
offering resort-style amenities including a community pool and
clubhouse. Designed to live like a ranch, this home features a
thoughtfully laid-out main level with an open floor plan perfect
for everyday living and entertaining. The spacious kitchen is the
heart of the home, showcasing granite countertops, stainless steel
appliances, ample cabinetry, and a large island that opens
seamlessly to the dining and living areas. A dedicated office with
elegant French doors provides the perfect work-from-home setup. The
generous primary suite on the main level offers a private retreat
with an ensuite bathroom featuring a spacious shower with bench and
a large walk-in closet. Upstairs, you'll find a versatile bedroom
with ensuite bathroom, ideal for guests, a private suite, or
additional living space. Find ample storage in the floored attic
space! Enjoy outdoor living year-round on the screened-in porch
overlooking the backyard, perfect for relaxing or entertaining!
Unit Size
2,166 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$242
Property Type
House
Property Taxes
$388
HOA Dues
$242
Year Built
2017
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (TMLS #10160486)
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Wake
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Listed by: Ida Terbet, Coldwell Banker HPW
Last Updated: 6 months ago
Data Source: TMLS, MLS# 10160486
Last Updated: 6 months ago
Data Source: TMLS, MLS# 10160486
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