512 Loblolly Drive
About This Property
The main floor includes a spacious primary bedroom with tray ceilings, large windows overlooking the wooded backyard, and a luxurious en-suite bath with a double vanity, jetted garden tub, separate tiled shower, and walk-in closet. Two additional bedrooms are also located on the main floor, sharing a convenient Jack-and-Jill bathroom.
Upstairs, enjoy a versatile bonus room above the garage, ideal for a home office, playroom, or relaxation space. The thoughtfully designed kitchen boasts ample counter and cabinet space, seamlessly connecting to a bright breakfast area. The living room features a stunning cathedral ceiling and a cozy gas fireplace, while the dining room provides abundant natural light flowing in from the large front windows.
The two-car garage (20.7x21) offers plenty of space for storage, with room for cabinets and extra racks. The screened-in back porch is a perfect retreat to unwind and enjoy the natural surroundings.
Treyburn is a highly desirable neighborhood in Durham, just a 23-minute drive to Duke University and Duke Hospital. The new Publix grocery store is only 8 miles away, and RTP and RDU Airport are within a 30-minute drive. Additionally, the Treyburn Country Club offers paid memberships for access to tennis, pickleball, golf, swimming, dining, clubhouse amenities, and fitness.
Don't miss your chance to own this move-in ready gem in Treyburn!
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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