Welcome to this beautiful home nestled on a private .50-acre
cul-de-sac lot, minutes to Southpoint Mall, I-40, RDU, UNC, Duke
and so much more. The Lakehurst lake is walking distance from the
house and has paved walking trails around it and benches to sit and
enjoy a morning meditation or bird watching. This home has been
lovingly maintained and has hardwood floors in the foyer, dining
room, living room, private office with French doors, and the
primary bedroom. The impressive living room has a gas logs
fireplace and features a soaring vaulted ceiling, creating a bright
and open atmosphere. The spacious kitchen is ideal for everyday
living and entertaining, offering a center island, granite
countertops, abundant cabinetry, a walk-in pantry, and a sunny
breakfast area. There is a door from the breakfast area out to the
oversized rear deck that was repaired, 25-year sealed, and stained
just last year. Steps lead down to the stone patio and storage
shed. The yard has room for a play set, dog run, or for the kids to
run and play sports. The first-floor primary suite provides a
peaceful retreat with tray ceiling, crown molding, hardwoods, and
includes a sunroom overlooking the private, wooded backyard-the
perfect spot to enjoy your morning coffee or unwind at the end of
the day. The bathroom offers a jetted soaking tub, double sinks
with granite tops, and a walk-in closet. The laundry room is on the
main level. Upstairs, you'll find three additional bedrooms, a
versatile bonus room, and a full bath, while a convenient half bath
serves the main level. Enjoy the privacy of this expansive
backyard, all tucked away on a quiet cul-de-sac in a desirable
south Durham location. 2-car garage.
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.
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