$360,000
●
House -
Off Market
402 Forest Road
Oxford, NC 27565
3 Beds
2 Baths
1,886 Ft²
$1,973
Est. Monthly
5.75%
Cap Rate
About This Property
$360K for Totally RENOVATED Brick RANCH w/ 1900 SF OPEN Flr Plan &
one level living! Lots of Light w/ FLOOR to CEILING Windows
in 22.6x11.5 LR, DR Combo & also in 26.8x17.3 GR that has
Granite Dining Island + separate 8.8' WET BAR/BUFFET/Cabinet for
Easy ENTERTAINING! Opens to Gallery Kitchen w/ Granite Counters,
2024 Bosch DW, '23 Refrigerator + Dual-Fuel Gas/Electric 5 Burner
Range. Walls taken out & added three 10' openings allowing
Foyer, LR, DR, GR & Kitchen areas to flow together. 3 BR, 2
BA Home totally GUTTED & made NEW from top to bottom in 2017 w/
continued upgrades through 2025: Roof, New Panel Box, plumbing,
gas, Refinished wood Flrs, Trane Heat Pump, 80 Gallon gas WH,
Kitchen Granite Counters, Cabinets, HW/Slate/Tile Floors, BIG
FLOORED ATTIC, Dehumidifier & Vapor Barrier in Crawl Space,
Thermal Pane Windows & Painted Inside & Out. Other FEATURES: FP w/
Gas Logs, 48x11 Patio, Double Carport w/ Attached Workshop,
Detached 15.7x10 Wired Storage Bld, Concrete Drive, Brick &
Aluminum Siding, on almost 1/2 Acre level yard w/ Mature
Landscaping, Fenced Cleared back yard surrounded by trees.
DR Chandelier and Stackable W/D DO NOT STAY. HBW Included! In
desired Green Acres Subdivision w/ NO HOA Fees & easy access to
shopping & I-85.
Unit Size
1,886 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$191
Property Type
House
Property Taxes
$205
HOA Dues
-
Year Built
1962
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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 #10100416)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Oxford
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Listed by: Ann Hancock, C-21 Hancock Properties
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10100416
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10100416
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