Rare opportunity in Durham's highly sought-after Colony Hill
community! Nestled on a quiet cul-de-sac, this beautifully
maintained home sits on a .19-acre lot backing to 4+ acres of
undisturbed HOA-owned wooded buffer, offering one of the most
peaceful and private settings you can find in The Triangle! Quality
craftsmanship and thoughtful updates shine throughout with gleaming
hardwood floors, soaring vaulted ceilings, modern finishes, and
upgraded fixtures. The showstopping sunroom is a true highlight,
featuring floor-to-ceiling windows, a dramatic cathedral ceiling,
and panoramic views of the wooded landscape. This light-filled
retreat flows seamlessly into the impressive two-story family room
that is complete with a cozy wood burning fireplace surrounded by
custom built-ins. The updated chef's kitchen offers granite
countertops, tile backsplash, stainless steel appliances, recessed
lighting, and stylish fixtures. Enjoy the convenience of main-level
living with a spacious first-floor primary suite featuring dual
closets and a walk-in shower. The versatile floor plan provides
room to spread out with two additional upstairs bedrooms connected
by an oversized Jack-and-Jill bathroom. The finished lower level
offers an expansive recreation room, shared bathroom, and workshop
that is ideal for hobbies, entertaining, guests, or flexible living
space to fit any life stage! Experience low-maintenance living
without sacrificing space, privacy, or amenities! The HOA handles
landscaping and seasonal maintenance, including gutter cleaning,
while residents enjoy access to scenic walking trails, tranquil
ponds, a community swimming pool, and tennis courts. Ideally
located just minutes from 15-501, offering convenient access to
Duke University, UNC-Chapel Hill, shopping, dining, and everything
the Durham-Chapel Hill area has to offer. A rare combination of
natural beauty, flexible living space, and everyday convenience in
one of Durham's most desirable communities!
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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