2801 Chelsea Circle
About This Property
The beautiful double door entryway welcomes you in, with ample spaces that can be customized to your specific needs. Whether you like to entertain, host family throughout the year or want a library of your own, the living room, family room and sunroom give you the opportunity to have it all. The kitchen is waiting for your personal touch and has copious storage options with two pantries and ceiling height cabinets throughout.
The sunroom seamlessly transitions to the backyard, creating the feel of al-fresco dining or quiet relaxation no matter the season. If privacy is paramount, you will appreciate the fully fenced backyard and lush foliage that creates your own outdoor retreat. With four bedrooms, there is plenty of opportunity for a work from home office or a guest room with ensuite bath.
This home is a true gem in one of Durham's most sought-after neighborhood and provides one-level living at its finest!
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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