6214 Coronado Lane
About This Property
Recent updates include refinished hardwood floors on the main level, fresh interior paint in the living room, dining area, and half bath, professionally cleaned carpets, and a newly updated half bath with a new vanity and fixtures. The kitchen features new appliances including a microwave and dishwasher, along with updated fixtures. Additional improvements include a freshly repainted deck, refreshed landscaping with new mulch and trimmed bushes, and exterior touch-ups such as a newly painted mailbox.
Major system updates add peace of mind, including a hybrid heat pump water heater (energy efficiency) installed in 2022 and a vapor barrier added in the crawlspace approximately two years ago. The home also features dual HVAC systems for efficient heating and cooling.
Conveniently located in South Durham with easy access to RTP, I-40, Duke University, shopping, dining, and the American Tobacco Trail, this home offers both comfort and convenience in one of the Triangle's most accessible locations.
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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 |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Mar 23, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Listed by Choice Residential Real Estate | $522,500 | |
| Listed by Choice Residential Real Estate | |||
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Jan 16, 2024 | Listed by Choice Residential Real Estate | $520,000 | |
| Listed by Choice Residential Real Estate | |||
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About Durham
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017