Off-Market Condo at 2225 Millbank Village Ct, Raleigh, NC 27610

2225 Millbank Village Ct, Raleigh, NC 27610

Unit - #101

$550,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $179 per day and long-term for an average of $2,375 per month, based on similar listings in the area. Estimated short-term cap rate of -0.8%. Estimated long-term cap rate of -2.3%. Beautifully designed to bring in natural light in every room, nestled in a quiet cul-de-sac 5 minutes from both downtown Raleigh and North Hills and close proximity to the greenway! The open concept gourmet kitchen and great room is perfect for entertainment. Large primary bedroom, luxurious bathroom and closet with custom built shelves , private balcony, 2 additional bedrooms and a loft! Raleigh's best kept secret ''inside the beltline'', new modern construction. Completed 2 years ago, this is the first resale available.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$175
Rental Policy
daily
Yearly Taxes
$4199
Bedrooms
3
Bathrooms
3
SQFT
1,744
Furnished
N/A
Year built
2001
Listing Status
Off Market
MLS
10062759

Short-term Rental Potential
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$37,248

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$315

Price/SQFT

Long-term Rental Potential
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$28,500

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,375/mo

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