$409,000
●
House -
Off Market
2408 McGehee Street
Durham, NC 27707
4 Beds
2 Baths
1,372 Ft²
$418,541
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model
About This Property
Cute as a button - Super close to Duke in the sought after Lakewood
area. 3 BR, 2 bath home - walking distance to Lakewood Elementary
School. New floors, stunning tile, step in shower, all new fixtures
and appliances! Shows perfectly. Living room, kitchen with stove
and refrigerator. Flexible living space - use as a family room,
playroom or even an extra bedroom. Large side yard - partially
fenced. Storage with outside entrance.
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$292
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1967
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #2467749)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 26, 2023 | No longer available | - | |
| No longer available | |||
| Dec 27, 2022 | Listed by Chanricleer Properties Triangle | $2,395 | |
| Listed by Chanricleer Properties Triangle | |||
| | |||
|
Cute as a button - Super close to Duke in the sought after Lakewood area. 3 BR, 2 bath home - walking distance to Lakewood Elementary School. New floors, stunning tile, step in shower, all new fixtures and appliances! Shows perfectly. Living room, kitchen with stove and refrigerator. Flexible living space - use as a family room, playroom or even an extra bedroom. Large side yard - partially fenced. Storage with outside entrance. The manager has listed the unit size as 1372 square feet.
| |||
| Oct 13, 2022 | Sold | ||
| Sold | |||
| Aug 10, 2022 | Listed by Chanticleer Properties LLC | $399,990 | |
| Listed by Chanticleer Properties LLC | |||
| Jun 16, 2022 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Duke Forest
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Listed by: Carla H Sevilla, Chanticleer Properties LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2467749
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2467749
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