Welcome to 118 Radcliff Circle, a spacious 3-bedroom, 2.5 bath home
tucked into the established Parkwood community of Durham. Situated
on a generous .38 acre fenced lot, this home offers plenty of room
to spread out both inside and out, including a lower-level flex
space that could be perfect for a bonus room, playroom, hobby room,
or more! Outside, a detached garage and storage shed offer added
flexibility and storage. Inside the fresh interior paint,
newly installed carpet, and refinished hardwood floors provide a
clean slate for its next owner. The traditional floor plan offers
1,852 square feet of living space, including two separate living
room areas, a large picture window, generous storage, and a
traditional split-level living floorplan, so daily life can happen
on any level. There is also space for a formal dining area next to
the kitchen, so entertainment can flow seamlessly.
Outside, the fenced backyard provides room for pets,
gardening, play, or entertaining on the patio. The built-in
barbecue is ready for your next cookout. The detached garage and
storage shed offer even more space for vehicles, hobbies, tools, or
weekend projects. Within the established Parkwood community,
residents enjoy access to neighborhood parks, playgrounds, trails,
ponds, fishing areas, and an outdoor community pool that requires
an annual membership fee. The location also offers convenient
access to shopping and recreation throughout South Durham,
including Target and Publix, The Streets at Southpoint, and the
American Tobacco Trail which offers more than 22 miles of walking,
running, and biking trails. If you have been looking
for a home with space, character, a large fenced lot, and the
opportunity to make it your own, 118 Radcliff Way is ready for its
next chapter!
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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