$365,000
●
House -
Off Market
3907 Pendergrass Street
Durham, NC 27704
3 Beds
2 Baths
1,323 Ft²
$323,180
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Hang your hat and cool off from the thick summer air inside this
cooool 1940s garden cottage! Saunter down the quiet, dead end
street to find this absolute gem, nestled just 10 minutes away from
downtown Durham in desirable Homestead Heights. Full of
historic prewar charm like refinished hardwoods, original moldings
and doorknobs, and an abundance of natural light! A truly
refreshing feel with new paint, flooring, and fun, modern fixtures
throughout. Newer replacement windows and regularly
maintained HVAC help keep those AC bills low! Wonderfully
open living, dining and kitchen space with breakfast bar and a
kitchen that's pretty as a peach! Expansive, private owner's
suite with walk in closet and a perfectly vintage bath. Enjoy
listening to the birds under mature hardwoods on the large back
deck. Have your pick of summer's sweetness from the beautiful
garden beds, ripe with summer vegetables and productive perennial
fruit bushes. Awesome 2 car garage with additional workshop space
is an added bonus, and ready for your tinkering! This
adorable home is so cool, it's bound to be hot!
Unit Size
1,323 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$246
Property Type
House
Property Taxes
$173
HOA Dues
-
Year Built
1940
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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 #2524101)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Stadium Heights
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Listed by: Marie Kathleen Brockenbrough, Inhabit Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2524101
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2524101
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