4 Osage Place
About This Property
Inside, the main level flows for everyday life and entertaining, anchored by freshly refinished wood floors. The living room centers around a classic fireplace and opens to a casual dining area with French doors to the deck. The kitchen features a gas range, stainless appliances, generous cabinet storage, and a sunny breakfast nook, while a separate formal dining room sets the stage for gatherings and holidays.
Upstairs, the spacious primary suite rises under a cathedral ceiling. A flexible bonus room finished with wood flooring delivers the extra space everyone wants-ideal for a studio, media lounge, playroom, or home office. Secondary bedrooms and baths are thoughtfully placed for comfort and convenience.
With its wooded backdrop which bacs up to the Mountains-to-sea trail, two-tier outdoor living, refinished first-floor hardwoods, whole-house audio, sprinkler system, generous lot size, and a real two-car garage, this home offers the park-side lifestyle- with a neighborhood salt water pool, playground & clubhouse close to Durham amenities and move-in ready.
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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