600 Longleaf Drive
About This Property
Now on to the impossible-to-beat location. Search far and wide throughout the Triangle-you will find no neighborhood like Briarcliff, a charming community with no HOA. From the full growth trees to the large lots void of cookie-cutter homes, you need to visit to understand! From 600 Longleaf, your family can walk, bike, or scooter to the local elementary school and two parks. Just down Longleaf on the same side of the street is Ridgewood Pool which is a neighborhood summer favorite. The Blue Hill District is less than a mile away and includes multiple grocery stores (Whole Foods, Trader Joes, Aldi, and more!), a movie theatre, shopping, dining, and the nearly complete University Place renovation (including a Chick-Fil-A and Jeni's Ice Cream). And of course, your commute to UNC, Duke, or Route 40 from here takes mere minutes. For the family that needs an abundance of spaces in an accessible location, this Briarcliff home cannot be beat.
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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 1, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Listed by Compass -- Chapel Hill - Durham | $650,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| May 7, 2021 | Sold | ||
| Sold | |||
| Apr 8, 2021 | Listed by Compass -- Chapel Hill - Durham | $499,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017