$625,000
●
House -
Off Market
302 Sailfish Court
Durham, NC 27703
2 Beds
2 Baths
2,208 Ft²
$3,784
Est. Monthly
$230
HOA / Fees
2.67%
Cap Rate
About This Property
Welcome to the Martin Ray, a stunning one-level home in the vibrant
55+ community of Carolina Arbors! This beautifully designed floor
plan with over 2,200 sq ft, offers a spacious and open layout with
two bedrooms, plus an office, family room, dining room and sunroom.
The modern color palette with luxurious finishes and hardwood
floors flows throughout the main living areas, creating a warm and
inviting atmosphere. The family room features a charming fireplace,
ideal for relaxing or entertaining guests. The kitchen is equipped
with a gas range, large island with seating and both a walk in
pantry and a convenient butler pantry for extra storage. Located on
a corner lot, enjoy the natural light in the sunroom, a perfect
spot to unwind or enjoy your morning coffee. Plus, the extended
2-car garage has an additional storage bay that provides plenty of
space for vehicles, and keeps everything organized. The amenities
in the community are unbeatable with a clubhouse, indoor/outdoor
pool, fitness center, pickle ball and so many clubs and activities.
Unit Size
2,208 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$292
Property Type
House
Property Taxes
$386
HOA Dues
$230
Year Built
2017
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #10064814)
Price History
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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Listed On
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HOA + Taxes
About Durham
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Listed by: Karen Tehrani, Keller Williams Preferred Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10064814
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10064814
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