Investment Property at 198 Ridge Trl, Chapel Hill, NC 27516 - $37,740 Profit
Luna Mascot
Luna - Real Estate AI Assistant

Get insights, projections, and answers instantly!

POWERED BY

198 Ridge Trl, Chapel Hill, NC 27516

$399,900

❮ ❯
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516
Image of property at 198 Ridge Trl, Chapel Hill, NC 27516

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $290 per day and long-term for an average of $5,930 per month, based on similar listings in the area. Estimated short-term cap rate of 4.2%. Estimated long-term cap rate of 9.4%. Move-in Ready 3-Story Townhome in Prime Chapel Hill Location! This spacious townhome offers a fantastic layout and is freshly painted throughout! The main level features an open-concept living and dining area with a cozy fireplace, kitchen, a half bath, and a deck overlooking a serene wooded area with a trickling stream below. Upstairs, you'll find brand-new carpeting, a generous primary suite with double closets and a private bath, plus two additional bedrooms, a full bath, and a convenient laundry closet. The lower level is a fully finished studio apartment with a private entrance, kitchenette (range, microwave, refrigerator), and separate private deck - currently rented through July 31st for added income potential. Enjoy all that Village West has to offer, including a swimming pool, wading pool, tennis courts, a multi-use sport court, and clubhouse with an outdoor deck. Located in the top-rated Chapel Hill-Carrboro school district, this home is in a prime location with easy access to shopping, dining, and UNC. A wonderful opportunity to own in this sought-after community!

Property Information
Airbnb Avg Daily
 See Full Details
Occupancy Rate
 See Full Details
Monthly HOA
 $310
Rental Policy
 daily
Yearly Taxes
 $4170
Bedrooms
 4
Bathrooms
 4
SQFT
 2,081
Furnished
 N/A
Year built
 1975
Listing Status
 Active
MLS
 10083411
Short-term Rental Potential
arrow_drop_up

$50,244

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$192

Price/SQFT
Long-term Rental Potential
arrow_drop_up

$71,160

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$5,930/mo

Rent