1108 Professor Place
About This Property
Upstairs, the primary suite serves as a true retreat with a generous sitting room, ideal for unwinding, working, or enjoying quiet time. Two additional bedrooms and a full bath provide flexibility for guests, a home office, or hobbies.
This home offers peace of mind with a new roof (2024) and new HVAC system (2023) already in place.
Ideally situated near Duke University, UNC-Chapel Hill, and Research Triangle Park, and just minutes from Southpoint and I-40. The neighborhood features a clubhouse, pool, and a brand-new fenced playground, and hosts community events throughout the year.
Don't miss your opportunity to make this warm and welcoming home your own. it perfectly combines comfort, convenience, and community.
***Seller offering $7,500 concessions for exterior painting with acceptable offer ***
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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