Off-Market Property at 108 Ironwoods Drive Dr, Chapel Hill, NC 27516
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Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $464 per day and long-term for an average of $3,367 per month, based on similar listings in the area. Estimated short-term cap rate of -0.4%. Estimated long-term cap rate of -2.9%. Your home search can finally come to an end.....108 Ironwoods is now available for the next lucky owner! Beautifully situated on a lot surrounded by flowering shrubs and stacked stone walls, this Goforth designed/built home exudes southern charm. A rocking chair covered porch welcomes family and guests inside. Large living spaces flow easily one to another and the large architectural windows allow for lots of natural light to enter every space. The primary suite is located on the main floor - along with an office, a dining room, a large family room with fireplace and a cozy den just off of the kitchen that is perfect for watching movies at night while gathered near the beautiful wood stove for warmth. Upstairs are 3 more large bedrooms with walk-in closets and 2 Full bathrooms . There's also a bonus room - which can serve as a hang out space, extra office space or a room for hobbies. The first floor living spaces open to a large deck and a fenced in back yard - perfect for grilling on warm summer nights. Just beyond the rear fence you'll find a fun rope swing (see my video) that's fun for both kids and adults! 108 Ironwoods is minutes to schools, the Carolina North Trails (hiking/biking), I-40, UNC & UNC Hospitals, restaurants and shopping. You won't find a more convenient area within Chapel Hill! Imagine the wonderful lifestyle 108 Ironwoods can provide. Will you be the next lucky owner?

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$15
Rental Policy
daily
Yearly Taxes
$8839
Bedrooms
4
Bathrooms
4
SQFT
3,295
Furnished
N/A
Year built
2001
Listing Status
Off Market
MLS
10085472

Short-term Rental Potential
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$62,652

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$273

Price/SQFT

Long-term Rental Potential
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$40,404

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,367/mo

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