211 Morningside Drive
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 |
|---|---|---|---|
| Jan 30, 2025 | Sold | ||
| Sold | |||
| Jan 9, 2025 | In contract | - | |
| In contract | |||
| Jan 2, 2025 | Listed by Compass -- Raleigh | $675,000 | |
| Listed by Compass -- Raleigh | |||
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Incredible, (3) bedroom (2.5) bath with a downstairs primary bedroom and an open layout, located between Downtown Durham, RTP with very close proximity to Duke Hospital and Streets of Southpoint Mall. This home is immaculately maintained with open spaces, beautiful flooring and big room sizes. The interior is clean and bright with extensive trim details throughout. The kitchen will welcome you with granite counter tops, sold wood cabinets, backsplash, stainless steal appliances and gas oven range. This kitchen is impressive offering accessible space centered around a large kitchen island offering ample bar seats as a great place to entertain. With a primary bedroom downstairs, your primary bathroom is big in size with the perks of a walk-in shower, garden tub, double vanity sinks and an impressive walk-in closet. This home lives very much like a ranch style home however your upstairs rooms offer you aloft bonus, (2) private bedrooms and (2) attic spaces for your storage needs. Outdoor spaces within this home provides fenced in back yard, a screened in porch, a rear patio to enjoy, not to mention (2) fig trees, (1) persimmon tree and muscadine grape vine in the back yard. The neighborhood of Chamberlynne is a great place to live as an established neighborhood with sidewalks streets, basketball courts, playgrounds, picnic pavilions and pocket parks.
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| Feb 22, 2024 | Sold | ||
| Sold | |||
| Jan 5, 2024 | Listed by Team Anderson Realty | $625,000 | |
| Listed by Team Anderson Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017