2702 Richwood Road
About This Property
The bathrooms got a recent glow-up with new lighting, vanities, and hardware. The primary bath also boasts a sleek new floor, shower, and updated plumbing! Big bonus: the crawl space has been fully encapsulated and includes a dehumidifier, so you're set for year-round comfort and peace of mind. Plus, a tankless hot water heater and a well-maintained 2020 HVAC system keep things cozy and efficient.
Out back? It's party (or chill) central with a flat, fenced yard, a roomy deck, and both a storage shed and a storage closet for all your stuff. Mature trees offer shade and serenity in a quiet, friendly North Durham neighborhood-with no wells or septic systems to worry about!
This home is move-in ready and full of personality-just like you. Come see it for yourself - quickly b/c we've got one offer on the table already!
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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 |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Listed by Nest Realty of the Triangle | $395,000 | |
| Listed by Nest Realty of the Triangle | |||
| Sep 29, 2022 | Sold | ||
| Sold | |||
| Aug 25, 2022 | Listed by Nest Realty of the Triangle | $325,000 | |
| Listed by Nest Realty of the Triangle | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017