7955 Midnight Lane
About This Property
Take a leisurely stroll down the cleared path to the banks of the Neuse River for fishing and kayaking. Just steps away from your back door, you have your saltwater pool, and a fenced in gardening area with raised beds and irrigation. And these are just the exterior features!!
Your interior boasts an open floor plan that is great for entertaining, a fully updated kitchen with custom cabinetry and Bosch appliances (induction cooktop, wall oven, microwave and dishwasher) and a wood burning stove in the living room. Oh, and did we mention the prep kitchen, separate pantry and laundry room right off the main kitchen?
The bedrooms and flex spaces have their own wing, where three bedrooms round out the downstairs area, as well as a small sitting area and two flex rooms share a bathroom upstairs. The primary bath is a dream come true with a large walk-in shower, separate tub and custom trim, and your primary bedroom is a spacious oasis with windows overlooking the private backyard.
If you have been looking for a home that has it all that has been impeccably maintained, this is the one!
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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