128 Nelson Street
About This Property
convenience with a 5-minute walk to NCCU and a 10- minute stroll to Downtown Durham, home to some of the Triangle's best dining, nightlife, and entertainment. With
no HOA, flexible use possibilities, and a vacant home ready for viewing anytime, this is a rare opportunity to secure a value-add project in the heart of the Bull City. Don't miss your chance to transform this space into a profitable investment or standout rental! Some photos have been virtually staged to illustrate potential furniture placement and to digitally remove personal items or
clutter; the home is not currently furnished as shown.
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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