2506 Richwood Road
About This Property
Step inside to discover comfortable, single-level living with a functional layout, generous bedrooms, and thoughtful updates throughout. The sunroom brings the outdoors in, offering a peaceful retreat that flows seamlessly to the backyard which includes a spacious patio, shed and rain barrel. The front yard is complete with apple, pear and fig trees and blueberry bushes.
Located just minutes from Duke University, UNC-Chapel Hill, downtown Durham, I-40, and 15-501, you'll enjoy easy access to top-rated restaurants, shopping, and vibrant local culture-all while tucked into a quiet, established community.
Don't miss your chance to own in one of Durham's most desirable neighborhoods!
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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