2038 Buffalo Way
About This Property
Step outside to your own private retreat - the fenced backyard offers both privacy and space, complete with a low-maintenance Trex deck, perfect for entertaining or relaxing.
Located just 10 minutes to downtown Durham and 15 minutes to RTP, this home delivers convenience, comfort, and serious bang for your buck.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| Jun 7, 2025 | Listed by Nest Realty of the Triangle | $299,000 | |
| Listed by Nest Realty of the Triangle | |||
| Jun 4, 2019 | Sold | ||
| Sold | |||
| May 1, 2019 | Listed by Nest Realty of the Triangle | $164,900 | |
| Listed by Nest Realty of the Triangle | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017