3003 University Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| May 22, 2025 | Listed by Real Estate By Design | $550,000 | |
| Listed by Real Estate By Design | |||
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This beautifully maintained home, crafted by the reputable Durham Building Company, offers the feel of new construction with thoughtful upgrades throughout. The current owners have enhanced the property with a privacy fence enclosing the backyard and a handy storage shed. A charming rocking chair front porch welcomes you into the spacious and light-filled main level, where gleaming hardwood floors flow throughout. The sunny living room is a standout, featuring abundant windows, contemporary wainscoting, a gas log fireplace flanked by built-in shelving, and seamless access to the dining area and gourmet kitchen. The chef's kitchen impresses with a large center island, gas range, quartz countertops, a generous corner pantry, and a refrigerator that conveys with the home. Upstairs, you'll find three spacious bedrooms and hardwood flooring throughout the hallway. The expansive primary suite includes a walk-in closet with custom wood shelving and a luxurious bathroom featuring tile floors, a tiled shower surround, and a dual-sink vanity. The two secondary bedrooms share a well-appointed hall bath with tile flooring and tub/shower with tile surround. Conveniently, the laundry area is located upstairs as well. Enjoy the great backyard play space, ideal for relaxing or entertaining. Unbeatable location: Walk to local favorites like Guglhupf, Refectory Café, Foster's Market, and more. Just minutes from downtown Durham, RTP, and RDU Airport. With a roof, HVAC system, and water heater all under 5 years old, this home is a fantastic opportunity in a prime Durham location.
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| Mar 26, 2021 | Sold | ||
| Sold | |||
| Dec 7, 2020 | Listed by Durham Building Company | $405,000 | |
| Listed by Durham Building Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017