$472,500
●
House -
Off Market
5 Wembley Court
Durham, NC 27705
3 Beds
2 Baths
1,992 Ft²
$2,676
Est. Monthly
4.19%
Cap Rate
About This Property
Pre-inspected with all repairs already knocked out, this classic
brick ranch in American Village makes life easy from the start.
It's tucked into a quiet cul-de-sac and gives you nearly 2,000
square feet of single-level living with a layout that just
works-three spacious bedrooms, two full baths, a sunroom full of
natural light, and both casual and formal dining areas. There's no
wasted space, just a super functional flow. Hardwood floors, crown
molding, and smooth ceilings add warmth and charm, and the family
room opens right into the breakfast nook and kitchen. The sunroom's
the perfect place to unwind, and the 40-foot deck gives you tons of
private outdoor space to enjoy. You've got an oversized two-car
garage, extra driveway parking, and a low-maintenance yard that
gives you space without the hassle. No HOA means fewer rules and
more freedom-and you're just minutes to Duke, downtown Durham, and
I-85. Whether you're downsizing, simplifying, or just want a great
spot close to everything, this one checks all the boxes.
Unit Size
1,992 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$241
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1988
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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 #10096876)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About American Village
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Listed by: Jordan Lee, Jordan Lee Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10096876
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10096876
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