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1108 SE Maynard Road
Cary, NC 27511
Asking Price
$1.50M
Asset Type
Residential Land
Class
Class B
What's Special
Land | 2.43 acres <p>This 2.43-acre land offering presents an outstanding development opportunity in thriving Cary, North Carolina. Currently zoned R-40, the property aligns with future land use plans for multifamily housing or civic-oriented projects, enhancing its long-term investment appeal. The Property is part of the Eastern Cary Gateway. Situated on SE Maynard Road, the site provides outstanding visibility and benefits from a traffic count of approximately 18,000 vehicles per day, ensuring strong connectivi
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179
