Investment Property at 3838 Potecasi Dr, Raleigh, NC 27610 - $-1,032 Profit
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Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $150 per day and long-term for an average of $1,956 per month, based on similar listings in the area. Estimated short-term cap rate of -0.3%. Estimated long-term cap rate of -0.3%. ***SELLER OFFERING $4,000 BUYER CONCESSIONS IF CLOSED BY APRIL 30, 2025.***Welcome home to this affordable and beautifully improved property situated on a desirable corner lot. Boasting 3 spacious bedrooms, including a convenient primary suite on the main floor, and 2.5 bathrooms, this well-maintained gem offers the perfect blend of comfort and functionality. Thoughtful updates throughout the home ensure modern living, while the corner lot provides added privacy and curb appeal. Here's your chance to own this move-in ready home!Refrigerator with ice maker (ice maker does not work, requires left door to be replaced; seller will not make repairs), washer and dryer will convey. Seller is willing to consider reasonable offers made to purchase the dining room table and chairs. New HVAC installed in 2021 is leased through Air Experts. Seller pay off at closing will terminate the mechanics lien and HVAC will convey. CPI security system is seller owned; buyer to obtain service.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2799
Bedrooms
3
Bathrooms
2.5
SQFT
1,689
Furnished
N/A
Year built
2007
Listing Status
Active
MLS
100485063

Short-term Rental Potential
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$23,376

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$201

Price/SQFT

Long-term Rental Potential
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$23,472

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,956/mo

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