4709 Stafford Drive
About This Property
Location perks: about ~3.0 mi to Duke University Hospital, ~3.8 mi to Ninth Street/East Campus & Whole Foods, ~0.8 mi to Eno River State Park (Cabelands access), and quick I-85 access via Hillsborough Rd (Exit 176)-so Downtown Durham, RTP, and Chapel Hill are easy hops.
Complete refresh: new hardware/fixtures, new appliances, renovated tile baths & kitchen, new floors, fresh paint inside & out.
Flexible plan: dedicated laundry room + heated/cooled sunroom for year-round living.
Garage + workshop: oversized 2-car with workbench area.
Big updates: new roof and new water heater.
Outdoor appeal: updated landscaping + curb appeal.
Close to everything: ~3.0 mi to Duke Hospital (2301 Erwin Rd), ~3.8 mi to Ninth Street/East Campus & Whole Foods (621 Broad St), ~0.8 mi to Eno River-Cabelands (4950 Howe St).
Commuter friendly: near I-85 Hillsborough Rd corridor (Exit 176)
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017