Welcome to Stella View by Lennar -- Durham's newest community,
nestled among mature woodlands and conveniently located just
minutes from Highway 70. Step into the Mayflower, a
thoughtfully crafted two-story home that perfectly blends classic
elegance with contemporary design. Ideal for both everyday living
and effortless entertaining, this home features an open-concept
layout that brings people together. The heart of the home is
a gourmet kitchen complete with 42'' cabinets, a stylish tile
backsplash, and sleek stainless-steel appliances. The spacious
Great Room and casual dining area flow seamlessly from the kitchen,
while a formal dining room and screened porch with patio offer
flexible indoor-outdoor living. A private study and a guest
suite with a full bath are conveniently located on the main
floor--perfect for visitors or a quiet workspace. Upstairs, you'll
find a versatile loft, two additional bedrooms, and a luxurious
owner's suite featuring a spa-like bathroom and generous walk-in
closet. Discover the Mayflower--where thoughtful design and
refined details create a place you'll love to call home. This
home is currently under construction. Photos and virtual tours are
for illustrative purposes only. Final finishes and features may
vary. Enjoy low-maintenance living with durable vinyl siding
and a peaceful setting in one of Durham's most exciting new
communities. Take advantage of premium community amenities,
including a sparkling pool with cabana, a dog park, tot lot, play
lawn, and an all-weather trail--ideal for active and relaxed
lifestyles alike. Pictures and virtual tour are for representation
only.
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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