2712 Elgin Street
About This Property
Updated windows and hardwood floors throughout add to the home's warmth and character, while fresh interior/exterior paint and a brand-new 2025 roof make it truly move-in ready.
The upstairs offers an impressive bonus area. Just under 7' ceilings, so not counted in official square footage, yet it expands the usable living space to over 1,500 sq ft. Ideal for a home office, guest suite, playroom, or creative studio.
A newly sealed basement/crawlspace provides added peace of mind.
All of this nestled in the heart of Northgate Park, one of Durham's most sought-after neighborhoods known for its walkability, parks, and community feel. This one is a gem! Modern updates, classic charm, and nothing left to do but move in.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017