387 Rabbit Patch Road
About This Property
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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 |
|---|---|---|---|
| May 14, 2025 | Sold | ||
| Sold | |||
| Apr 23, 2025 | In contract | - | |
| In contract | |||
| Apr 2, 2025 | Listed by Hodge & Kittrell Sotheby's Int | $299,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
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Tucked away at the very end of a quiet private road, this peaceful parcel offers a rare blend of open land and wooded charm. Gently level and largely cleared, it's an ideal canvas for a country estate, hobby farm, or garden-focused homestead.
Framed by mature trees, the property comes with a four bedroom permit on file with the Chatham County Health Department and a gravel road maintenance agreement paving the way for construction to begin. Several potential home sites offer flexibility for designing your ideal layout.
No HOA and no timeline to build give you the freedom to create at your own pace. Located just minutes from downtown Pittsboro and convenient to Jordan Lake, the Deep River corridor, and Triangle Innovation Point—this location offers both privacy and potential with easy access to Hwy 64 and Hwy 421.
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| Aug 31, 2023 | Sold | ||
| Sold | |||
| Aug 8, 2023 | Listed by Realty World Carolina Prop | $220,000 | |
| Listed by Realty World Carolina Prop | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017