8916 Timberland Drive
About This Property
The first-floor features all-new lighting, including LED additions in the family room, and a primary suite with updated faucets, lighting, mirrors, and wall coverings. Upstairs offers four rooms and new lighting and faucets in the full bath, plus two very large walk-in storage areas.
Enjoy the serenity of a fenced rear yard backing to a heavily treed private property, along with a newly renovated back deck with new railings, flooring, stairs, and stain as of February 2025. The well-lit garage includes epoxy floors, LED lighting, a ceiling fan, and ceiling storage.
Significant updates include a well pump replacement in May 2020, complete landscaping updates, a second-floor HVAC system replaced in September 2023, and septic pumped in June 2025. Discover this delightful home in Wake County that offers both charm and modern enhancements! Less than 3 miles to the Falls Lake Boat Ramp, Easy drive to shopping and Downtown Wake Forest
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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