Investment Property at 308 Sylvan Way, Chapel Hill, NC 27516 - $-18,468 Profit
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308 Sylvan Way, Chapel Hill, NC 27516

$687,000

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Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, Chapel Hill, NC 27516
Image of property at 308 Sylvan Way, 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 $218 per day and long-term for an average of $2,505 per month, based on similar listings in the area. Estimated short-term cap rate of 0.4%. Estimated long-term cap rate of -2.7%. Prime Chapel Hill area location close to schools, retail, medical and restaurants. Chapel Hill schools - no city taxes. Lovely 2 story home with private fenced backyard, peaceful pond view and 993 square feet of basement space ready to be finished. Adorned with hardwood floors, natural light and plenty of usable space. Open kitchen/living area with breakfast nook and deck overlooking the view. Primary with trey ceiling, spacious bathroom and large walk-in closets. The walk-out basement provides the opportunity to add bonus living area, have tons of storage or a workshop. Fence was installed in 2022 and is sealed. Well maintained - Water heater 2021, Furnace/HVAC 2018/2021. Gutter Guards and most appliances 2022. And a special treat - garden beds and producing fruit trees - fig, pear, apple and blueberries!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
 $25
Rental Policy
 daily
Yearly Taxes
 $4353
Bedrooms
 3
Bathrooms
 3
SQFT
 2,241
Furnished
 N/A
Year built
 2000
Listing Status
 Active
MLS
 10085171
Short-term Rental Potential
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$51,216

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$306

Price/SQFT
Long-term Rental Potential
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$30,060

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,505/mo

Rent