729 Daniel Ridge Road
About This Property
Spanning over 3,000 sq. ft., this home includes 4 bedrooms, a bonus room, and an office, all thoughtfully upgraded for modern living. The main floor features a master suite, guest room, and office nook. The upper level includes two additional bedrooms and a spacious loft with expansive walk-in storage, perfect for future expansion.
The gourmet kitchen is a chef's dream, boasting two ovens, two-tone cabinets, and a custom vent hood. Enjoy the elegance of 10 ft ceilings on the main level and site-finished hardwood floors, complemented by built-ins and a cozy fireplace. The master suite offers a luxurious oversized shower with a soaking tub and a large walk-in closet. Experience seamless indoor-outdoor living with 20-foot sliding doors leading to a screened porch overlooking a large wooded lot. Located just steps from Tree Light Square's shopping and dining and only 18 minutes from downtown Raleigh, this home is part of one of the best master-planned communities in the state and one of the fastest-growing areas in NC. It's the best deal in the Triangle and is stunning in person! Closing Cost/ Rate buy Down incentive!
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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 |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Price Decreased |
$685,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Mar 18, 2025 | Relisted | $695,000 | |
| Relisted | |||
| Feb 26, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017