550 Sun Forest Way
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 |
|---|---|---|---|
| Aug 8, 2023 | Sold | ||
| Sold | |||
| Jun 30, 2023 | Listed by Real Triangle Properties LLC | $399,000 | |
| Listed by Real Triangle Properties LLC | |||
| Oct 14, 2021 | Sold | ||
| Sold | |||
| Jul 14, 2021 | Listed by The Preserve at Jordan Lake Re | $314,700 | |
| Listed by The Preserve at Jordan Lake Re | |||
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Private 7.6+ acre property, located in tranquil Sun Forest, is a hidden gem. Beautifully tucked away,yet minutes from Chapel Hill, an ideal refuge to build your dream home. Long, paved, private drive delivers you to the peak for great panoramic views overlooking stream and conservation buffer bordering the edge of the lot. Land supports the opportunity to build walkout lower level as well as ranch/ 2 story home. Plot map attached. Perk test in 2004 for 6 beds. Building options and ideas abound. A MUST SEE
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About Orange
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017