7609 Derek Drive
About This Property
The kitchen is a true standout, featuring white 42'' cabinets, quartz countertops, a center island, recessed lighting, built-in desk, walk-in pantry, and a butler's pantry leading to the dining room. The main level also includes a guest bedroom and full bath, perfect for visitors or multigenerational living or an office
Upstairs, you'll find a spacious primary suite overlooking the private fenced backyard, complete with a tray ceiling, designer fan, double vanities, soaking tub, glass-enclosed walk-in shower, and two closets-including a massive walk-in. Three additional bedrooms and an updated hall bath with double vanity and new fixtures complete the upper level. Upstairs flooring includes LVP in main areas and brand new carpet in bedrooms.
Additional highlights: wood-tread staircase with wainscoting, walk-in laundry room with folding table and cabinetry, large drop zone/closet near garage, updated lighting and plumbing fixtures, and beautiful light fixtures throughout.
Enjoy outdoor living in the fenced backyard with lush grass, a majestic magnolia tree, and a fruit-bearing fig tree. Wonderful curb appeal in the front, and the covered front stoop offers a charming welcome.
Neighborhood amenities include a resort style pool overlooking the lake, junior Olympic pool, baby pool, pickleball and tennis courts, clubhouse, picnic areas, and a playground.
Incredible location just minutes from Leesville schools (walkable for older kids), Lake Lynn, Umstead State Park, Brier Creek, Crabtree Valley Mall, RDU Airport, RTP, and I-540 & I-440.
This well maintained home in an unbeatable location, don't miss your chance to own in Long Lake!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017