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5407 Loyal Place
About This Property
Inside, the comfortable 1,600 plus square feet is filled with natural light pouring through generous windows, giving every room a bright, airy feel that keeps you connected to the beauty outside. A wood burning fireplace anchors the living space with warmth and charm, making it feel just as inviting on a crisp fall evening as it does on a sunny afternoon. The home blends modern updates with original character and the newly renovated bathroom is a true standout -- featuring gorgeous tile work that strikes the perfect balance between fresh and timeless. With a new HVAC system installed in 2022, you can settle in with confidence knowing the big stuff is already taken care of.
Step outside and the property comes into its own. The new deck sets the stage for slow mornings and easy evenings. With a backyard this big, the possibilities feel almost endless. The custom built shed, chicken coop and garden beds make this an ideal setup for anyone drawn to a more grounded, connected way of living.
Whether you find yourself tending the garden as the morning light filters through the trees, gathering around a crackling bonfire as the stars come out, or watching kids and chickens alike roam freely through the yard, every corner of this property invites you to slow down and soak it all in.
Close to your Durham favorites, the central location puts you within easy reach of Southpoint Mall and everything the Triangle has to offer. Commuters will love the quick access to RTP and I-40 -- and Chapel Hill and Cary are just minutes away for dining, shopping, and entertainment. It's the best of both worlds -- a quiet, nature-filled sanctuary with the energy and convenience of the city right at your doorstep.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 10, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Nest Realty of the Triangle | $419,000 | |
| Listed by Nest Realty of the Triangle | |||
| Apr 23, 2020 | Sold | ||
| Sold | |||
| Feb 28, 2020 | Listed by Nest Realty of the Triangle | $249,900 | |
| Listed by Nest Realty of the Triangle | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017