1409 Cotherstone Drive
About This Property
The welcoming layout includes a separate dining room, breakfast area off the kitchen, and a versatile mudroom that works beautifully as a home office, study, or creative space and a separate laundry room. A very large wrap-around front porch with ceiling fan offers a place to unwind. The corner lot provides extra outdoor space and ample off street parking for up to 3 vehicles.
The renovated kitchen features; quartz countertops, stainless steel appliances, a kitchen peninsula with countertop overhang for additional bar seating, floor-to-ceiling cabinetry, and a pantry with large roll-out drawers for easy organization. Thoughtful details like a concealed trash and recycling bin that pulls out and a blind-corner pull-out to maximize storage while keeping the space clean and streamlined.
The spacious primary suite includes a large walk-in closet and an en-suite bath with updated fixtures and a walk-in shower.
Step outside from the kitchen eating area to enjoy the backyard deck, fenced-in back yard.
Conveniently located just 14 mins. to Duke University and Duke Hospital, 12 mins. to Durham Regional Hospital, with a new Publix and Eno River trail access within approx. 10 minutes. Drivetimes approx. Almost everything has been replaced or renovated. Be sure to ask your agent for the renovation/updates & home improvements list in the listing documents.
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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