4720 Rivermont Road
About This Property
Nestled near the tranquil Eno River, this charming home sits on over an acre of land, offering the perfect retreat. Enjoy the peace and serenity of hiking trails along the Eno river while you cultivate, nurture, and make the most of your 1.16-acre property. The fenced backyard includes a historical tobacco barn, as well as newer outbuildings-ideal for keeping dogs, chickens, or whatever your heart desires. Fenced-in backyard.
As you approach the home, you're welcomed by a full-length front porch, perfect for relaxing and soaking in the surroundings. Step inside to find the living room with original hardwood floors, creating a warm and inviting atmosphere.
The home offers two bedrooms however septic permit is for 3, both with fresh carpet. One of the bedrooms connects to a versatile multi-purpose room featuring built-in cabinetry and shelving-ideal for a nursery, study, library, office, or playroom. New septic tank in 2014.
Adjacent to the back door is the laundry room, complete with cabinetry and easy access to the backyard, where you could add a clothesline and freshen up your linens in the North Durham breeze. Don't miss the updated bathroom. Newer windows throughout.
The larger outbuilding is wired and includes a window AC unit, offering endless possibilities-whether you dream of creating a photography studio, yoga space, ''She Shed,'' ''Man Cave,'' or a playhouse.
Imagine the lifestyle this property offers-spending your days surrounded by nature, unwinding in your private backyard, and perhaps walking down Rivermont Rd. to the scenic Eno River trails.
Conveniently located
11 minutes to Duke University and Hospital
12 minutes to Duke Regional Hospital
12 minutes to North Carolina Central University
11 minutes to Downtown Durham
(Approximate drive times)
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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