$1,225,000
●
House -
Off Market
8608 Bournemouth Drive
Raleigh, NC 27615
5 Beds
4 Baths,
1
Half Bath
4,088 Ft²
$1,095,908
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Come see this Phil Miller custom 5 bedroom 4 1/2 bath stately brick
home on over an acre, yet minutes from shopping, schools,
restaurants. Hard to find oasis in one of the most desirable
neighborhoods in Raleigh. Downstairs bedroom has adjoining full
bath. Upstairs huge primary suite includes sitting area,
custom renovated bath with stand alone tub and walk in shower, and
large walk in closet. Upstairs also has 3 more bedrooms plus
2 more full baths and an extra large bonus room with wet bar.
Downstairs has formal living room plus large family room with new
gas log fireplace. Don't miss the renovated kitchen with huge
granite peninsula and large breakfast area overlooking spacious
yard. Owners added extra large entertaining screen porch with
vaulted ceiling. Oversized garage has workshop. 2021 roof,
most windows replaced 2020. New well pump, water purifier
included but not hooked up (not needed), irrigation, gas hookup for
grill, huge walk up attic - the list goes on and on! No city taxes!
Unit Size
4,088 Ft²
Days on Market
-
Land Size
1.27 acres
Price per sqft
$269
Property Type
House
Property Taxes
$455
HOA Dues
-
Year Built
1994
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #2523489)
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About North Raleigh
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Listed by: Laura Howell, HomeTowne Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2523489
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2523489
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