$479,048
●
House -
Off Market
2218 Cape May Lane
Durham, NC 27703
4 Beds
3 Baths
2,139 Ft²
$2,995
Est. Monthly
$142
HOA / Fees
4.59%
Cap Rate
About This Property
MLS listing for comparable purposes and transaction history - The
Davidson by Lennar in Harlowe Point - Great location right off
Mineral Springs Rd. Quick Access to RTP, local Highways,
Downtown Durham. Home is under construction and on target for
June completion. The 2 story foyer welcomes you into the
Davidson. 4 Bedrooms and 3 full baths include the 1st floor
guest and adjacent full bath. The kitchen overlooks the eat
in space and the great room. Interior features include: Gray
cabinets throughout, 42 upper cabs in kitchen, quartz kitchen
counters, subway kitchen back splash, gas range, microwave fan
vents to the outside of the home. Lux vinyl plank covers the
1st floor, tile in wet areas. Screened Porch off of living area.
Unit Size
2,139 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$224
Property Type
House
Property Taxes
$500
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 #10020217)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Feb 14, 2024 | Listed by Lennar Carolinas LLC | $479,048 | |
| Listed by Lennar Carolinas LLC | |||
| | |||
|
MLS listing for comparable purposes and transaction history - The Davidson by Lennar in Harlowe Point - Great location right off Mineral Springs Rd. Quick Access to RTP, local Highways, Downtown Durham. Home is under construction and on target for June completion. The 2 story foyer welcomes you into the Davidson. 4 Bedrooms and 3 full baths include the 1st floor guest and adjacent full bath. The kitchen overlooks the eat in space and the great room. Interior features include: Gray cabinets throughout, 42 upper cabs in kitchen, quartz kitchen counters, subway kitchen back splash, gas range, microwave fan vents to the outside of the home. Lux vinyl plank covers the 1st floor, tile in wet areas. Screened Porch off of living area.
| |||
Property Highlights
Garage
Air Conditioning
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Beds
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ft²
Price/ft²
Price/ft²
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Listed On
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HOA + Taxes
About Durham
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Listed by: Tucker Beck, Lennar Carolinas LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10020217
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10020217
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