4862 Durneigh Drive
About This Property
This move-in ready gem in the Kellswater Bridge neighborhood offers a spacious floor plan and BRAND NEW carpet upstairs! The modern kitchen includes stainless steel appliances, ample cabinet space, and a convenient island for prepwork. Kannapolis is known for its small-town charm paired with modern amenities. This home is just a 10-minute drive to the revitalized downtown area, offering an array of retail, restaurants, and entertainment, including the 16-acre Village Park with an amphitheater, playground and splash pad. Commuters will love the proximity to I-85 and easy access to Charlotte. With affordable living and exciting growth in the area, Kannapolis is the perfect place to call home. Don't miss out on this opportunity – schedule your showing today!
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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 |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
| Oct 1, 2024 | Listed by Keller Williams Connected | $439,900 | |
| Listed by Keller Williams Connected | |||
| Sep 27, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 14, 2024 | Price Decreased |
$426,000
↓ $8K
(1.7%) | |
| Price Decreased | |||
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About Kannapolis
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Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4187657
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Address: 335 Madison Avenue, New York, NY 10017