1400 Durham
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2024 | Sold | ||
| Sold | |||
| Mar 8, 2024 | Listed by RE/MAX United | $275,000 | |
| Listed by RE/MAX United | |||
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5.77 Acres of lot! Great Opportunity to build your home in desirable Wake Forest, one of the fastest growing areas in the country. Adjacent to the lovely Chartwell subdivision. You will have the privacy living with all the conveniences nearby. Minutes from both Forest Ridge Park and Shopping Center, 20 miles to RTP. Bring your builder to build your dream home! Please the driveway permit (approved by NC DOT in year 2020)) is expired now, but you can easily re-apply when you are ready to build your home.
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| Jul 2, 2021 | Sold | ||
| Sold | |||
| Nov 21, 2020 | Listed by RE/MAX United | $190,000 | |
| Listed by RE/MAX United | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017