$310,000
●
House -
Off Market
2017 Medallion Drive
Durham, NC 27704
3 Beds
1 Bath,
1
Half Bath
1,463 Ft²
$1,686
Est. Monthly
7.05%
Cap Rate
About This Property
A 3 Bedroom, 1 1/2 Bath home located on a large lot, .55 of
an Acre, NO HOA, and quick access to HWY 70 and HWY 40. This brick
home boasts a large sunroom, open kitchen/dining floor plan
great for entertaining or just relaxing. The home has an original
brick,wood burning fireplace and hardwood floors. There is atic
storage, an outside storage building and storage/work room attached
to the carport. In additon to these great storage solutions
the home has a screen porch and a deck to expand the outdoor living
space.
Unit Size
1,463 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$219
Property Type
House
Property Taxes
$114
HOA Dues
-
Year Built
1965
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #10044783)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | Listed by Adorn Realty | $320,000 | |
| Listed by Adorn Realty | |||
| | |||
|
A 3 Bedroom, 1 1/2 Bath home located on a large lot, .55 of an Acre, NO HOA, and quick access to HWY 70 and HWY 40. This brick home boasts a large sunroom, open kitchen/dining floor plan great for entertaining or just relaxing. The home has an original brick,wood burning fireplace and hardwood floors. There is atic storage, an outside storage building and storage/work room attached to the carport. In additon to these great storage solutions the home has a screen porch and a deck to expand the outdoor living space.
| |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Dana Christine Stone, Adorn Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10044783
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10044783
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