Spacious, lovingly maintained home in fantastic North Raleigh
location! This beautiful home offers flexible living area across
three finished levels! The inviting family room features hardwood
floors, a fireplace, and an impressive wall of built-in shelving,
while the spacious kitchen offers granite countertops, abundant
cabinetry, a large island with seating, wine fridge, pantry, and
adjoining breakfast nook. A formal dining room provides additional
space for entertaining, and the bright sunroom creates a relaxing
transition to the backyard. Upstairs, the generous owner's suite
features a walk-in closet and private bath with dual vanities and a
spacious tiled shower. Two additional bedrooms share a full bath
with dual vanity, while a large second-floor bonus room offers
plenty of flexibility for a media room, office, or playroom. The
finished third floor adds even more possibilities as a recreation
space, guest retreat, or additional bedroom. A walk-in attic offers
additional storage. Outdoor living is just as impressive with a
lush, fenced backyard featuring mature landscaping, fruit trees,
garden space, a custom storage shed, and sprinkler system for easy
maintenance. Enjoy the covered patio complete with ceiling fans and
a gas hookup for the grill-perfect for relaxing or entertaining
outdoors. The exterior was painted in 2023, adding to the home's
well-maintained appeal. A circular driveway, oversized two-car
garage with built-in shelving, and extended concrete parking pad
with room for approximately three additional vehicles provide
exceptional parking and storage options.
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.
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