Investment Condo at 130 S Estes Dr, Chapel Hill, NC 27514 - $10,344 Profit
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130 S Estes Dr, Chapel Hill, NC 27514

Unit - #J1

$148,500

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Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $172 per day and long-term for an average of $1,237 per month, based on similar listings in the area. Estimated short-term cap rate of 7.0%. Estimated long-term cap rate of 0.4%. Gorgeous Condo in Chapel Hill, across from Silverspot and its renovated University mall, but also close to the amenities Chapel Hill has to offer, RTP and UNC University and health system. This Condo has been updated with New Tile Floors, Cabinets,1 year appliances, freshly paint... and it also includes a mini split Hvac Unit for the Primary suite. Hoa Dues include water/sewage and Trash disposal. This complex has a great Green area to relax, a pond and a private Pool for entertainment.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
 $315
Rental Policy
 daily
Yearly Taxes
 $1032
Bedrooms
 1
Bathrooms
 1
SQFT
 704
Furnished
 N/A
Year built
 1967
Listing Status
 Active
MLS
 10075752
Short-term Rental Potential
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$24,636

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$210

Price/SQFT
Long-term Rental Potential
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$14,844

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,237/mo

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