Introducing the Beverly by local custom builder Homes by Dickerson.
Ready March 2027 and located in Pinecrest, Durham's newest
community, this home offers a rare opportunity to own new
construction within the historic Forest Hills neighborhood.
Inspired by the principles of New Urbanism, Pinecrest combines
timeless architecture with a low-maintenance lifestyle, featuring
thoughtfully designed green spaces, scenic walking trails,
pedestrian-friendly streets, and direct access to the American
Tobacco Trail and vibrant downtown Durham. Currently under
construction, this thoughtfully designed 4-bedroom, 4 full bath, 2
half bath home offers a main level private primary suite, dedicated
dining room, and open-concept living/kitchen spaces. Upstairs
you'll find three secondary bedrooms each with en-suite baths, as
well as the laundry room and dedicated rec room. Professionally
curated by our in-house design team, the Beverly showcases timeless
finishes, elevated craftsmanship, and attention to detail.
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.
Appliances: Disposal, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, Gas Range, Ice Maker, Microwave, Range Hood, Self Cleaning Oven, Tankless Water Heater, Wall Oven
Flooring Type: Ceramic Tile, Other
Laundry Features: Laundry Room, Main Level, Multiple Locations, Upper Level
Rooms: 6
Has Fireplace
Fireplace Features: Family Room, Gas
Fireplaces: 1
Exterior Details
Square Footage: 3456
Security Features: Prewired
Property Condition: New Construction, Under Construction
Architectural Style: Tudor
Year Built: 2027
Builder Name: Homes By Dickerson
Builder Model: Beverly
Building Area Total: 3456
Levels: Two
Window Features: ENERGY STAR Qualified Windows
Construction Materials: Brick, Brick Veneer, Fiber Cement, HardiPlank Type
Patio and Porch Features: Covered
Lot Features: Landscaped
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 4586
Water Source: Public
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Gas, Heat Pump
Heating Type: ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Heat Pump, Natural Gas
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