120 Prescott Drive
About This Property
As you enter you'll be welcomed to open living with high ceilings and light-filled rooms. This open floorplan is designed for blending form and function. The spacious family room with its centered fireplace is warm and inviting with abundant natural light. The kitchen shows off with its sharp white cabinetry, stainless steel appliances and opens smoothly to the dining and living area. Perfect flow for everyday living and entertaining.
The primary suite offers a relaxing escape with 2 walk-in closets and ensuite bath featuring a separate shower and garden tub. You will find that every detail of this home reflects the care and attention it has received over time by its sole owner.
Enter the large screened porch from the kitchen with your coffee or sweet tea and enjoy a peaceful spot to admire birds and wildlife. New Roof 2018, HVAC 2022, New Vapor Barrier 2020.
Conveniently located in a quiet neighborhood just minutes from shopping, dining and fun destinations--Duke, UNC, RTP, Downtown Durham, Eno River State Park, Sarah P Duke Gardens and so much more. This home truly blends tranquility with convenience.
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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