7120 Sandringham Drive
About This Property
Traditional layout with center staircase, dining room on the left & living room on the right anchored by a wood burning fireplace. Designer kitchen complete with Z-Line gas range, Smeg refrigerator & dishwasher, new custom cabinets, stone floor, granite counters, and custom wood ceiling. Second floor Primary suite has oversized bedroom, custom primary bath with designer shower, and a pair of armoires. Second bedroom is large and has easy access to the full bath in the hallway and full-size laundry room. Fully fenced backyard with new wood deck perfect for grilling and entertaining. Brittany Woods features a community pool, newly resurfaced tennis courts, and a play park! This home is in the heart of the ''Leesville'' school district which is highly sought after. Easy access to RDU Airport (10mi), Durham Bulls Baseball only 15 miles and taking in your favorite downtown Raleigh restaurant is only a 12 mile drive. Buyers will love all of the following: Desirable Location, quaint neighborhood, new deck, designer kitchen, statement wood burning fireplace, beautiful solid maple flooring on 1st & 2nd Floor, crown molding, top of the line appliances, walk up 3rd level, tankless water heater, dual Trane HVAC units. Please make plans to visit quickly as we don't expect it to last.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 30, 2025 | In contract | - | |
| In contract | |||
| Feb 11, 2025 | In contract | - | |
| In contract | |||
| Feb 4, 2025 | Listed by LPT Realty, LLC | $425,000 | |
| Listed by LPT Realty, LLC | |||
| Nov 15, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017