2308 Oak Ridge Boulevard
About This Property
Step inside to discover a beautifully updated interior featuring an open floor plan that maximizes space and natural light. The spacious living room welcomes you with freshly painted walls, new flooring, and large windows that create a warm and inviting atmosphere.
Located just minutes from downtown Durham, you'll enjoy easy access to a vibrant array of restaurants, shops, cultural attractions, and entertainment options. Whether you're looking for a cozy place to call home or a smart investment with great rental potential, this fully renovated ranch is a fantastic choice.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | Listed by EXP Realty LLC | $285,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017