36
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811 Hale Street
About This Property
Fresh exterior paint gives the home a crisp, updated feel, while the detached heated and cooled office/workshop offers endless flexibility as a creative studio, home gym, remote work space, or workshop. Ideally situated in one of Durham's most connected neighborhoods, you'll enjoy walkability to local coffee shops and grocery stores, plus easy bike access to Duke University and all the dining, parks, and culture Durham has to offer
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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.
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Address: 335 Madison Avenue, New York, NY 10017