3 Stillhouse Place
About This Property
The bright dining room, currently used as a studio space, bathes in natural light during the day, providing an inspiring environment. Enjoy peaceful views from nearly every window, enhancing the serene atmosphere throughout the home.
The property features a generous front yard, perfect for outdoor activities, along with side and back yards that balance privacy with a sense of community. The well-maintained neighborhood offers a quiet retreat, with residents who take pride in their homes.
Convenience is key here; with easy access to I-85, shopping, and parks, you can reach downtown Durham in 10 minutes or less, Raleigh in 25 minutes, and both the beach and mountains in about two hours. Additionally, you're just five minutes from popular charter schools, with Northern High's new campus also nearby.
This home includes a two-car garage, ideal for those considering an electric vehicle, as the electrical panel is conveniently located within.
Experience comfort and convenience in this exceptional Durham property-schedule your visit today!
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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