$325,500
●
House -
Off Market
916 Forge Road
Durham, NC 27713
4 Beds
2 Baths,
1
Half Bath
1,983 Ft²
$1,841
Est. Monthly
About This Property
Newly renovated interior for this South-East Durham split-level
Ranch on a 100' X 200' lot. The home appraised for $385,000! All
new interior fixtures, finishes and appliances. The Kitchen has a
convenient side-door to the Carport, attached Dining Room and New:
granite countertop, shaker cabinets & appliances. Flooring:
gleaming red oak hardwood floors, ceramic tile in bathrooms, vinyl
in the Kitchen & carpet on the lower level. 3 Bedrooms/2 Bathrooms
on the top level & 1 Bedroom + 1/2 Bathroom in the Basement.
The Master Bedroom has a large walk-in closet & private bathroom
with ceramic floor and bath/shower. The hall bathroom has a double
vanity & ceramic tile bathtub/shower. The cozy, carpeted Basement
has a den with walk-out to the 12' X 14' Patio & expansive
backyard. Big, open front yard, as well. New architectural shingle
roof. 5 minutes to Southpoint Mall + convenience shopping & I-40
Access. 15 Minutes to Downtown Durham. An Estate Sale. Conveys
as-is, where-is, subject to a 10 day upset bid period and
confirmation by the Clerk of Superior Court. Opportunity knocks!
Unit Size
1,983 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$166
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1971
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Cap Rate Calculator
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Cap Rate
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 #10064735)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Jan 13, 2025 | In contract | - | |
| In contract | |||
| Jan 4, 2025 | Price Decreased |
$329,900
↓ $20K
(5.7%) | |
| Price Decreased | |||
| Dec 13, 2024 | Price Increased |
$349,900
↑ $20K
(6.1%) | |
| Price Increased | |||
| Nov 22, 2024 | Listed by Berkshire Hathaway HomeService | $329,900 | |
| Listed by Berkshire Hathaway HomeService | |||
Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Ian Kipp, Berkshire Hathaway HomeService
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10064735
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10064735
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