$600,000
●
House -
Off Market
703 Emory Drive
Chapel Hill, NC 27517
4 Beds
3 Baths
2,509 Ft²
$3,699
Est. Monthly
3.72%
Cap Rate
About This Property
Every now and then you come upon a home that has been pampered in
the best way, and 703 Emory is one of those properties. This
all-brick home has the sturdy construction of the 1960s, paired
with homeowners who have dotted every i and crossed every t since
1985...and took notes! A few of the more recent items include
structural evaluation (2025), interior paint (2025), termite bond
(renewed 2025), HVAC (2021), and crawlspace insulation and vapor
barrier (2021). With a spacious split-level floor plan and 4
bedrooms/3 full baths, there is plenty of room to spread out.
Beautiful hardwood floors, an updated eat-in kitchen with solid
wood cabinets, and blinds throughout add to the charm. Outside
living areas include a gracious front porch and a patio off of the
downstairs family room. This delightful package happens to be
located in one of Chapel Hill's most welcoming communities -
Briarcliff! Walk to Ridgewood Pool (fee), Ephesus Elementary, or
University Place. Hop in your car for easy access to
UNC/RTP/RDU/Duke. Or, just hang out in the front yard and meet the
friendly neighbors. Welcome home!
Unit Size
2,509 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$243
Property Type
House
Property Taxes
$703
HOA Dues
-
Year Built
1970
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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: 12 months ago (TMLS #10121039)
Price History
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Briarcliff
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Listed by: Ann Koonce, EXP Realty LLC
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10121039
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10121039
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