$787,500
●
House -
Off Market
5404 Garrett Road
Durham, NC 27707
4 Beds
3 Baths,
1
Half Bath
2,763 Ft²
$4,788
Est. Monthly
2.98%
Cap Rate
About This Property
Come build your dream home at the Enclave on Garrett. This
community will greet you with 7 new construction homes right in the
heart of Durham. This community is set up for you to pick your home
plan with budgets for you to build something you'll never want to
sell. The Honeycutt Plan has inviting front porch that will greet
you. As you walk in, be welcomed by a study on the left, and then
progress into the massive kitchen/living room. There is a breakfast
nook that is filled with light as you read your morning newspaper.
This plan comes with a first floor homeowners suite that will truly
impress you. Head on upstairs where you will find a loft and rec
room waiting to be filled with memories. If you want more space,
ask us about finishing out the third floor. The quality and
finishes are second-to-none.
Unit Size
2,763 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$353
Property Type
House
Property Taxes
$0
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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 #2492671)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Jan 28, 2023 | Listed by Nest Realty of the Triangle | $974,900 | |
| Listed by Nest Realty of the Triangle | |||
| Mar 1, 2022 | Sold | ||
| Sold | |||
| Dec 21, 2021 | No longer available | - | |
| No longer available | |||
| Jul 23, 2021 | Listed by Nest Realty of the Triangle | $550,000 | |
| Listed by Nest Realty of the Triangle | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Matt Lunceford Blivin, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2492671
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2492671
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