Off-Market Property at 119 Idlewild Ave, Raleigh, NC 27601

119 Idlewild Ave, Raleigh, NC 27601

$350,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $161 per day and long-term for an average of $1,637 per month, based on similar listings in the area. Estimated short-term cap rate of 2.0%. Estimated long-term cap rate of -1.6%. Charming bungalow style ranch home in prime Downtown Raleigh location. Real hardwood floors and carpet in home. Spacious family room. Open & bright eat in kitchen. Large primary suite. Tub/shower combo. Electric water heater. Nice, fenced backyard area. Welcoming front porch. Neighborhood Park and playground a block up the street. A few blocks away from Historic Oakwood. you can walk to Transfer Co Food Hall, Moore Square & so much more that Downtown Raleigh offers.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2815
Bedrooms
2
Bathrooms
1
SQFT
1,009
Furnished
N/A
Year built
1925
Listing Status
Off Market
MLS
10022188

Short-term Rental Potential
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$32,196

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$346

Price/SQFT

Long-term Rental Potential
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$19,644

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,637/mo

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