Off-Market Property at 3109 Edgetone Dr, Raleigh, NC 27604

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $157 per day and long-term for an average of $2,091 per month, based on similar listings in the area. Estimated short-term cap rate of 1.7%. Estimated long-term cap rate of 0.0%. Welcome to 3109 Edgetone Dr! This charming 1969 home, lovingly maintained by its original owners, is full of character with key updates already completed. Enjoy peace of mind with a brand new roof and cedar plank siding (2024), a 7-year-old HVAC system, and a 2016 gas water heater. The home also features a permitted sunroom added 12 years ago. The washer, dryer, and deep freezer convey with the property. Pre-listing inspections revealed no structural issues, and the well water system can be switched to city water for a fee. With just a few cosmetic updates, this home will truly shine. Ideally located minutes from North Raleigh, Downtown, and RDU, it's a commuter's dream!

Property Information
Airbnb Avg Daily
See Full Details
Occupancy Rate
See Full Details
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2739
Bedrooms
3
Bathrooms
3
SQFT
2,029
Furnished
N/A
Year built
1969
Listing Status
Off Market
MLS
10057684

Short-term Rental Potential
arrow_drop_up

$31,032

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$172

Price/SQFT

Long-term Rental Potential
arrow_drop_up

$25,092

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$2,091/mo

Rent