Introducing the Caroline by local custom builder Homes by
Dickerson. Ready February 2027 and located on a corner homesite 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. This
thoughtfully designed 5-bedroom, 4 full bath, 1 half bath home
offers a main level private primary suite, dedicated dining space
with bar, laundry room and exceptional kitchen with scullery.
Upstairs you'll find three secondary bedrooms each as well as the
dedicated rec room. On the basement level you will find the fifth
bedroom/flex space with a private, en-suite bath. The included
elevator pre-wire offers added convenience for future
accessibility. Professionally curated by our in-house design team,
the Caroline 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
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