Enjoy low-maintenance living in the gated Lattamoor community of
North Durham. This beautifully updated 3-bedroom, 2-bath home
features a desirable split-bedroom floor plan, engineered hardwood
floors, fresh interior paint, and new carpet. The kitchen shines
with all-new stainless-steel appliances, including a range,
refrigerator, microwave, and dishwasher. Relax year-round on the
screened porch with tile flooring and enjoy the convenience of an
attached 2-car garage. Community sidewalks lead to scenic ponds and
a charming gazebo, creating a peaceful neighborhood setting. A new
Publix grocery store and nearby dining options are conveniently
located across the street. With easy access to Duke University,
downtown Durham, shopping, outstanding restaurants, and DPAC, this
home offers an ideal combination of comfort, convenience, and
carefree living. HOA responsibility chart available.
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.
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