2511 Brogden Road
About This Property
Nice spot in the country in Southern Granville County. No HOA, no restrictions, no city taxes. BUT HOME DOES NEED WORK! Please be careful when viewing. There are holes in flooring caused by prior leaks. Pretty much needs a complete re-hab. Could be a nice place in the country when work is done. 1-acre lot, sits off the road on a hill, hardwood trees in front side yard, back of lot is partially wooded. Storage shed out back. 3 bedroom/2bath with fireplace. Split bedroom plan. Large breakfast area beside kitchen. Owner has never lived here. He has little to no knowledge of the home. He is selling AS IS - WILL MAKE NO REPAIRS. He does believe the home is hooked to community water, although there is a well on the property. (Waiting to hear back from the county re the septic permit.) There is an HVAC unit out back but don't know condition. This would need to be a cash purchase.
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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 |
|---|---|---|---|
| Sep 11, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| Aug 26, 2025 | Relisted | $120,000 | |
| Relisted | |||
| Aug 11, 2025 | In contract | - | |
| In contract | |||
| Jul 29, 2025 | Relisted | $120,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017