2812 Ashland Drive
About This Property
Upstairs, the flexible floor plan provides multiple options to suit your needs. Hardwood floors continue throughout the three bedrooms, and the expansive bonus room (or optional fourth bedroom!) features brand new carpet. The primary bedroom includes tray ceilings and updated tile in the bathroom.
Wooded backyard offers the best of both worlds as it's fenced and private yet very low maintenance. Enjoy the wonderful spring weather from the large deck.
Situated off Pickett Road, this location can't be beat. Just minutes away from retail and restaurants, Duke Forest trails, and downtown Durham. Easy commute to both Duke and UNC.
HVAC (2018/2019), roof (2023), paint, carpet, and kitchen appliances are among the recent upgrades.
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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