2116 Forest Ridge Place
About This Property
The location is ideal for those who value outdoor access and easy commuting. It is situated just minutes from Eno River State Park, providing quick access to hiking and recreation. For daily needs and travel, the property is conveniently located near I-85, making for a straightforward drive to Duke University, the medical center, and Research Triangle Park. Additionally, the shops and restaurants of Downtown Hillsborough are only a short drive away.
2116 Forest Ridge Place offers the right balance of a secluded, natural environment with the practical convenience of being close to Durham and Hillsborough's main hubs. Bring your builder to explore the possibilities of this well-positioned 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 |
|---|---|---|---|
| May 11, 2026 | Listed by Howard Hanna Allen Tate Durham | $110,000 | |
| Listed by Howard Hanna Allen Tate Durham | |||
| Feb 11, 2025 | Sold | ||
| Sold | |||
| Dec 21, 2024 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Relisted | $85,000 | |
| Relisted | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017