712 Dorothea Drive
About This Property
Step onto the covered front porch and feel the instant pull of classic Boylan Heights charm. Inside, discover a thoughtfully updated interior with beautifully refinished hardwood floors, a welcoming living space anchored by a cozy fireplace, and an efficient, comfortable layout with 2 bedrooms and 2 full baths. The heart of the home flows easily from room to room, offering flexible space for everyday living and gatherings alike. Quality details such as granite counters, stainless steel appliances, and an oversized laundry/mudroom ensure modern convenience without compromising historic appeal.
Outside, a fenced backyard provides a private escape for gardening, pets, or al fresco dining. And the detached shed ensures that your outdoor tools and toys are neatly tucked away.
Perfect for first-time homebuyers, downsizers, or anyone in between seeking a vibrant neighborhood lifestyle, this classic Raleigh bungalow places you minutes from downtown amenities, eateries, parks, and cultural destinations. Full of charm, character, and close to it all, welcome home to 712 Dorothea Dr!
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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