$425,000
●
House -
Off Market
5309 Summer Rose Lane
Durham, NC 27703
3 Beds
2 Baths
1,562 Ft²
$2,295
Est. Monthly
5.49%
Cap Rate
About This Property
Charming 1-story home on over an acre with pond view! Level, fenced
lot with mature trees, flowering plants, pear tree, grape vine,
blueberry bushes and the biggest fig bush you've ever seen!
Spacious rooms, updated eat-in kitchen, living room & dining
room, plus 2-car garage with built-in shelves. Peaceful
neighborhood just off Hwy 70 between Raleigh and Durham.
Unit Size
1,562 Ft²
Days on Market
-
Land Size
1.17 acres
Price per sqft
$272
Property Type
House
Property Taxes
$207
HOA Dues
-
Year Built
1974
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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 #10116371)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Aug 16, 2025 | Listed by Keller Williams Elite Realty | $425,000 | |
| Listed by Keller Williams Elite Realty | |||
| Mar 17, 2025 | Listed by REALTY ONE GROUP RESULTS | $650,000 | |
| Listed by REALTY ONE GROUP RESULTS | |||
| | |||
|
Location, Location, Location..adorable home in an established neighborhood. One owner home with Tons of potential..remodeled kitchen with maple cabinets. Original hardwoods in the home that are in amazing shape. Smooth ceilings in some rooms. Home has a den and a family room leading off to an overs ized deck overlooking the 1.17 acres, with a view of a pond. Fenced backyard, Mature landscaping and gorgeous trees. Large shed in the back of the property. Home being sold As-Is. This one won't last long!
| |||
Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Durham
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Listed by: Dee Love, Keller Williams Elite Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10116371
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10116371
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