Investment Property at 1231 Cranebridge Pl, Chapel Hill, NC 27517 - $23,100 Profit
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1231 Cranebridge Pl, Chapel Hill, NC 27517

$369,000

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $180 per day and long-term for an average of $3,055 per month, based on similar listings in the area. Estimated short-term cap rate of 6.3%. Estimated long-term cap rate of 1.8%. It's so easy to say ''yes''! How perfect is Cranebridge Place? Tucked in the desirable Downing Creek neighborhood, this tidy, single-story end unit is close to everything that makes our vibrant Triangle community so livable. UNC? Check. Downtown Durham? Check. RDU International? Check. Well loved and maintained, this home has everything you could need in a footprint that's manageable. The cathedral ceiling in the living room makes it all so airy, and the layout flows from perfect space to perfect space from there. The owners' suite boasts it's own private screened porch...the obvious retreat for your morning coffee or for breathing out at days end. The secondary bedroom is a great size and rests on the opposite side of the home from the owners suite; the perfect proximity if hosting guests. The spacious office can serve as a 3rd bedroom, a yoga space or as a place for creativity and leisure. A perfect sized deck out back rounds out the perfect floor plan for single story living. Every major appliance has been updated during this ownership, as well as the HVAC, the water heater and the majority of the windows. Again, it's so easy to say ''yes''! Come see where your next chapter starts at 1231 Cranebridge Place

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$315
Rental Policy
daily
Yearly Taxes
$2804
Bedrooms
2
Bathrooms
2
SQFT
1,346
Furnished
N/A
Year built
1989
Listing Status
Active
MLS
10087007

Short-term Rental Potential
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$53,244

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$274

Price/SQFT

Long-term Rental Potential
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$36,660

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,055/mo

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