Off-Market Property at 2104 Manuel St, Raleigh, NC 27612
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Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $264 per day and long-term for an average of $4,000 per month, based on similar listings in the area. Estimated short-term cap rate of -4.3%. Estimated long-term cap rate of -4.4%. Gold Winner of 2024 Parade of Homes! Showcasing an elegant modern design with the ability to install a pool (see last photo), this custom home offers an open & spacious floorplan with 10' ceilings on main level, and a tasteful selection of high-end materials. The foyer creates an inviting entrance and features a custom-built glass enclosed wine cellar as it leads to the open living area. The gourmet kitchen boasts all custom high-end cabinetry, Thermador appliances, quartz counters and center island strategically placed for both entertaining and everyday life. The seamless flow from kitchen to living area creates an airy atmosphere highlighted by the expansive glass with door to the large porch with phantom screen and fireplace. The first floor owner's suite is a true retreat, offering spacious bedroom, spa-like bath with zero entry shower and walk-in closet. The second floor provides a flexible room situation where a bonus room could make for a 5th bedroom and the media room could serve as sole bonus room.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4418
Bedrooms
4
Bathrooms
4
SQFT
4,610
Furnished
N/A
Year built
2024
Listing Status
Off Market
MLS
10042741

Short-term Rental Potential
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$51,108

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$488

Price/SQFT

Long-term Rental Potential
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$48,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,000/mo

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