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722 1/2 Powell Drive
About This Property
The chef's kitchen anchors the home with a large island, stone countertops, and stainless steel appliances, creating a perfect space for everyday living and entertaining.
Upstairs, the spacious primary suite provides a comfortable retreat, complemented by an additional generously sized bedroom and full bath.
A covered porch, private lot, and detached two-car garage add to the home's comfort and functionality.
Located just minutes from Downtown Raleigh with easy access to I-440, I-40, RTP, and RDU Airport, this home is oh so close to Fenton, North Hills, Downtown Raleigh, Umstead Park, and Lenovo Center.
A rare opportunity to own new construction in one of Raleigh's most accessible and desirable locations.
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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