$456,700
●
House -
Off Market
2207 Cape May Lane
Durham, NC 27703
3 Beds
3 Baths,
1
Half Bath
1,924 Ft²
$2,868
Est. Monthly
$142
HOA / Fees
3.74%
Cap Rate
About This Property
MLS listing is for transaction history and comparable purposes.
Home sold during the very early stages of construction.
Chadwick floor plan w/ screened porch. Great location within
the neighborhood. Chadwick plan offers an open living first
floor where the kitchen overlooks the combination living/dining
area - lots of windows. 2nd floor is home to a loft (great
home office), 2 secondary bedrooms, and the primary suite on the
back of the home. The primary features trey ceiling, great
closet space, and a dual vanity bath with oversized shower and
water closet. Home has white cabinets throughout.
Kitchen has quartz counters and stainless appliances. Plank
flooring entire 1st floor. Tile in full baths and laundry.
Unit Size
1,924 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$237
Property Type
House
Property Taxes
$483
HOA Dues
$142
Year Built
-
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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 #10019783)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Mar 2, 2024 | Listed by Lennar Carolinas LLC | $456,700 | |
| Listed by Lennar Carolinas LLC | |||
| | |||
|
MLS listing is for transaction history and comparable purposes. Home sold during the very early stages of construction. Chadwick floor plan w/ screened porch. Great location within the neighborhood. Chadwick plan offers an open living first floor where the kitchen overlooks the combination living/dining area - lots of windows. 2nd floor is home to a loft (great home office), 2 secondary bedrooms, and the primary suite on the back of the home. The primary features trey ceiling, great closet space, and a dual vanity bath with oversized shower and water closet. Home has white cabinets throughout. Kitchen has quartz counters and stainless appliances. Plank flooring entire 1st floor. Tile in full baths and laundry.
| |||
Property Highlights
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Air Conditioning
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Baths
ft²
Price/ft²
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Listed On
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About Durham
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Listed by: Tucker Beck, Lennar Carolinas LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10019783
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10019783
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