Discover this meticulously maintained 4-bedroom/3-bath ranch home
perfectly positioned on a private lot in one of South Durham's
premier communities! Step inside to a bright, open-concept floor
plan featuring luxury vinyl plank flooring, modern finishes, and
stylish contemporary fixtures throughout. The gourmet kitchen is a
true centerpiece complete with granite countertops, tile
backsplash, espresso cabinetry, stainless steel appliances, gas
range, and a large center island with breakfast bar. The spacious
first-floor owner's suite offers a peaceful retreat overlooking the
private backyard and includes a dual vanity, tile/glass shower, and
an expansive walk-in closet. A rare and highly functional layout
includes a first-floor in-law suite with en-suite bath, along with
two additional generously sized secondary bedrooms, providing
flexibility for guests, multigenerational living, or home office
needs. Enjoy a low-maintenance lifestyle with HOA-maintained
landscaping, allowing for true ease of living. The private backyard
features a patio setting as the property is surrounded by nearly 25
acres of HOA greenspace, offering exceptional privacy with no
neighbors directly in front or behind. Community amenities include
a pool, clubhouse, fitness center, playground, dog park, walking
trails, and lake access. Ideally located with convenient access to
I-40, Hwy 885, RTP, RDU Airport, and all that Brier Creek, Durham,
and Raleigh have to offer.
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.
Parking Features: Driveway, Garage, Garage Door Opener, Garage Faces Front
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Bathtub/Shower Combination, Kitchen/Dining Room Combination, Living/Dining Room Combination, Primary Downstairs, Separate Shower, Smooth Ceilings, Walk-In Shower
Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Exhaust Fan, Gas Range, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
Lot Features: Back Yard, Front Yard, Landscaped, Level, Private
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Lot Size Dimensions: 71x120x46x120
Water Source: Public
Financial Details
Tax Map Number: 201
Tax Assessed Value: $494,392
Tax Annual Amount: $4,901
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Storm Water Maintenance
HOA/Condo/Coop Amenities: Clubhouse, Dog Park, Jogging Path, Landscaping, Maintenance Grounds, Management, Park, Picnic Area, Playground, Pond Year Round, Pool, Recreation Facilities, Trail(s)
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