1714 Terry Road
About This Property
This 3-bedroom, 1-bath home is brimming with character and ready for its next chapter. Inside, you'll find original hardwood floors just waiting to be refinished, a cozy family room with fireplace, and a kitchen with adjoining dining area that's full of potential. The layout is simple, functional, and primed for a thoughtful renovation.
Step outside to the full-width front porch, the perfect place to take in the sweeping views and quiet surroundings. A rear deck (in need of repair) adds even more opportunity to expand the outdoor living space.
The location offers the best of both worlds; convenient to everything Durham has to offer, yet peaceful, private, and feeling worlds away.
A dream cabin home with a setting that's hard to replicate, bring your vision and unlock the potential of this one-of-a-kind hillside retreat.
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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