PRICE JUST REDUCED! Don't miss this updated value on a highly
desirable property! Updated ranch living, a spacious wooded
corner lot, and exceptional outdoor space await at 9317 Springdale
Drive in Springdale Gardens! This three-bedroom, two-bath home sits
on 0.63 acres and offers single-level convenience with crown
molding throughout, thoughtfully renovated spaces, and a flexible
layout. The inviting living room features a wood-burning
fireplace with a wooden mantel. The renovated kitchen offers
updated cabinetry, quartz countertops, under-cabinet lighting, and
a tile backsplash extending throughout the kitchen with a
distinctive hexagonal design at the stove! A center island with a
breakfast bar and storage, bench seating with concealed storage,
and a sunny dining area create welcoming spaces for everyday meals
and gatherings. The laundry room includes a utility sink for added
convenience. The primary suite features a spacious walk-in
closet with built-in shelving and a private bath with a dual vanity
and an expansive tiled walk-in shower enclosing a soaking tub. A
rain showerhead and skylight complete this relaxing retreat. French
doors lead to the patio to enjoy your morning coffee!
Each secondary bedroom includes a double closet, while the
renovated hall bath features brushed gold fixtures and a tiled
shower. A flex room with luxury vinyl plank flooring offers space
for a home office, gym, or entertaining. Bathroom
improvements include new tile and a vanity in the secondary bath in
2023, plus primary bath vanity and tile updates in 2025. Additional
improvements include a new roof in 2025 and a natural-gas water
heater in 2020! An expansive paver patio is ready for
entertaining to enjoy the mature setting. A two-car garage offers
room for parking, storage, and projects, and fiber internet
availability adds everyday convenience! Located near
Leesville Road Elementary, Middle, and High schools, this home
combines thoughtful updates, generous storage, flexible living
space, and inviting outdoor areas in an established North Raleigh
neighborhood!
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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