307 Whitley Ridge Drive, Clayton, NC 27527
Three-bedroom townhome in desirable neighborhood near dining and shopping.
- Added:
- Dec 8, 2024
- Days on Market:
- 573
- Last Refresh:
- May 19 at 11:15 pm
Property Features for 307 Whitley Ridge Drive
General Information
- Standard status
- Active
- Size
- 1,603 SF
- Lot size
- 0.04 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2025
Listing office DRB Group North Carolina LLC (919) 264-1153
Listing date Dec 8, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of DRB Group North Carolina LLC
HighLights
- Location: Across from the upcoming Waterfront district.
- Enjoy 3 spacious bedrooms and 2.5 bathrooms.
- Open floor plan.
- 1 car garage.
- Private backyard.
- New construction (Year Built: 2025).
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.1k | $16.92 |
| − Vacancy | −$1.5k | −$0.93 |
| EGI | $25.6k | $15.99 |
| − OpEx | −$11.5k | −$7.20 |
| NOI | $14.1k | $8.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Clayton
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.3786
- Latitude
- 35.6589
