1220 Hillview Road
About This Property
A Rare Modern Farmhouse Opportunity in Chapel Hill
Built by respected Carrboro builder John Birkholz, this stunning modern farmhouse offers the perfect balance of craftsmanship, walkability, and convenience in one of Chapel Hill's most desirable locations.
Imagine starting your mornings with a walk along Bolin Creek Trail, grabbing coffee at Cafe Driade, visiting the Chapel Hill Community Center & Play Park or visiting the Chapel Hill Farmers' Market, all just steps from your front door. UNC, downtown Chapel Hill, Trader Joe's, Whole Foods, Harris Teeter, and University Place are only minutes away.
Inside, the home is filled with natural light from oversized windows and 9-foot ceilings. The heart of the home is a stunning chef's kitchen with Thermador stove & counter-depth refrigerator, custom cabinetry, and quartz countertops, designed for both everyday living and entertaining.
Enjoy evenings on the screened porch and a professionally landscaped yard with irrigation. Thoughtful upgrades, including an indoor air quality (IAQ) fresh-air ventilation system, a conditioned crawl space for extra storage, and professional weather sealing completed in 2024, provide both comfort and peace of mind.
Homes with this combination of modern design, walkability, and location rarely become available in Chapel Hill.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017