Investment Property at 703 Mcclure Dr, Raleigh, NC 27603 - $-11,904 Profit
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703 Mcclure Dr, Raleigh, NC 27603

$550,000

Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $193 per day and long-term for an average of $2,539 per month, based on similar listings in the area. Estimated short-term cap rate of -0.1%. Estimated long-term cap rate of -2.2%. Timeless Elegance Meets City Living Welcome to 703 McClure Drive —a sleek, stylish, and low-maintenance townhome designed for those who love city living with a touch of classic luxury. Located just minutes from downtown Raleigh's vibrant social scene, top dining, and entertainment, this home offers a sophisticated urban retreat with modern amenities and a prime location. Inside, you'll find an open and airy layout with refinished hardwood floors, an updated bright white kitchen, and a spacious private balcony with city views—ideal for morning coffee or an evening cocktail with friends. The primary suite features a spa-like en-suite and a custom walk-in closet, while the second bedroom offers its own private bath—perfect for a roommate, guest, or home office. The two-car garage with a bonus workshop space provides extra room for storage, creative projects, or a home gym. Whether you're looking for an easy commute, a lock-and-leave lifestyle, or a home that reflects your unique style, this property checks all the boxes. This is city living at its finest, offering the perfect blend of style, location, and convenience for those who want to be in the heart of it all.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$250
Rental Policy
daily
Yearly Taxes
$4247
Bedrooms
2
Bathrooms
3
SQFT
1,641
Furnished
N/A
Year built
2000
Listing Status
Active
MLS
10061478

Short-term Rental Potential
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$41,796

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$335

Price/SQFT

Long-term Rental Potential
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$30,468

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,539/mo

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