115 Second Street
About This Property
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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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Listed by Hill Barbour Realty | $215,000 | |
| Listed by Hill Barbour Realty | |||
| | |||
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One level brick home in central location with easy access to Burlington, Graham, or Mebane. Large living room open to eat-in kitchen with island.
Two spacious bedrooms, primary with walk in closet. Back deck and fenced yard area. Large side yard (to left of house). Detached single garage with storage room in back. Roof replaced 2018 (per previous owner). New gas water heater in 2022.
8 minutes to I-40, 10 minutes to Downtown Mebane, 10 minutes to Downtown Mebane.
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| Jun 30, 2022 | Sold | ||
| Sold | |||
| May 26, 2022 | Listed by Long & Foster Real Estate INC | $180,000 | |
| Listed by Long & Foster Real Estate INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017