5604 Bobcat 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 |
|---|---|---|---|
| Jul 1, 2025 | Price Decreased |
$405,000
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Apr 11, 2025 | Listed | $420,000 | |
| Listed | |||
| | |||
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Welcome to 5604 Bobcat Road, a charming 3-bedroom, 2-bathroom one-level home on a spacious 0.93-acre lot in Chapel Hill. This 1,370 square foot, single-level home combines rustic charm with modern convenience.
With easy access to the University of North Carolina, downtown Chapel Hill, Franklin Street, Carrboro, Duke University, local parks, and the North Carolina Botanical Garden, this home provides the perfect blend of tranquility and convenience. The nearby Mebane Outlet is also a short drive away for shopping enthusiasts.
Inside, you'll find a bright and airy living area with a neutral color palette. The open layout flows into the dining area and kitchen, equipped with efficient appliances and ample cabinet space. The master suite features an en-suite bathroom, while two additional bedrooms share a full bathroom, perfect for family or guests.
Enjoy outdoor living on the side porch, overlooking your expansive, tree-lined property. Ideal for gardening, relaxing, or outdoor activities, this peaceful setting offers a perfect retreat from city life.
Come see what makes this property so special!
| |||
| Aug 1, 2023 | Sold | ||
| Sold | |||
| Jun 22, 2023 | Listed by Next Stage Realty | $350,000 | |
| Listed by Next Stage Realty | |||
| Aug 26, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017