7915 Welch Mill
About This Property
Welcome to 7915 Welch Mill in the highly touted River Rock community! A meticulously maintained 5-bedroom home nestled in the sought-after Forsyth County school district. This spacious residence offers an open-concept main level with versatile flex spaces ideal for a home office or gym. The gourmet kitchen features an oversized island, double ovens, and backyard views from the sink. Plantation shutters throughout add elegance, while a main-level bedroom and full bath provide convenience. Step outside to a custom covered porch overlooking a tranquil backyard oasis with additional storage in the shed and a three-bay garage perfect to fit a golf cart, home gym or additional storage. Garage also features hanging storage and an epoxy floor. Upstairs, unwind in the expansive loft area, complete with a TV, perfect for relaxation or entertainment. An upstairs laundry room adds practicality, with provisions for a sink or whole house filtration system. The home boasts LVP flooring and hardwood stairs, with easy attic access via two pull-down stairs and Thermoshield insulation for energy efficiency. The extended concrete driveway ensures ample parking, complemented by modern amenities like a smart thermostat, Ring doorbell, Quickset Bluetooth locks, and pre-wiring for an alarm system, providing peace of mind and security. Schedule your private showing today to experience all this property has to offer!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Sep 11, 2024 | In contract | - | |
| In contract | |||
| Aug 27, 2024 | Price Decreased |
$600,000
↓ $25K
(4%) | |
| Price Decreased | |||
| Aug 14, 2024 | Listed by Century 21 Results | $625,000 | |
| Listed by Century 21 Results | |||
| May 29, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017