5320 Cheek Road
About This Property
Inside photos coming soon! Rare opportunity alert! It is nearly impossible to find this much land--17.08 pristine acres--so close to everything Durham has to offer. Whether you are looking for a private family compound, a hobby farm, or a serene retreat, 5320 Cheek Rd delivers.
The Home: This charming 1,300 sq. ft. residence is move-in ready and features a freshly updated bathroom and a layout that maximizes comfort.
The Grounds: * Massive Front Yard: Provides an impressive setback from the road for ultimate curb appeal and privacy.
Huge Fenced Backyard: Perfect for pets, play, or secure outdoor entertaining.
Outbuildings: Multiple storage buildings are already in place, ideal for workshops, equipment, or hobbies.
Enjoy the best of both worlds: the peace of a massive wooded estate and the proximity to Durham's world-class dining, DPAC, and shopping. Don't wait--acreage like this is a vanishing breed in the Triangle!
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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