Investment Property at 505 Harvard St, Raleigh, NC 27609 - $-17,952 Profit
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505 Harvard St, Raleigh, NC 27609

$620,000

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Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609
Image of property at 505 Harvard St, Raleigh, NC 27609

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $290 per day and long-term for an average of $2,257 per month, based on similar listings in the area. Estimated short-term cap rate of 0.7%. Estimated long-term cap rate of -2.9%. REDUCED $24,000-GREAT OPPORTUNITY TO BE LIVE IN MIDTOWN-YOUR OWN IN-GROUND HEATED SALT WATER POOL AND RANCH STYLE HOME LOCATED JUST MINUTES FROM NORTH HILLS. INCREDIBLE MIDTOWN LAKEMONT NEIGHBORHOOD. Abundant Outdoor Oasis with Enclosed Patio, Grilling Patio, Extensive Pool Decking & Private Fenced Back Yard. This updated versatile home has 3 Bedrooms, plus 3 Separate Living areas. Full of Character and Charm and Beautifully Updated. Luxury vinyl floors plus painted brick floor in family room. New Baths with designer tile, vanities, and lighting. Kitchen w/gas range, subway tile backsplash. Lots of light and the list goes on. Outdoor attached storage plus storage building. Complete your dream of living in the exciting walkable North Hills area with Shopping, Dining, Nightlife, Parks, Movie Theater and more.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
 $0
Rental Policy
 daily
Yearly Taxes
 $5442
Bedrooms
 3
Bathrooms
 2
SQFT
 1,610
Furnished
 N/A
Year built
 1965
Listing Status
 Active
MLS
 10067955
Short-term Rental Potential
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$49,464

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$385

Price/SQFT
Long-term Rental Potential
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$27,084

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,257/mo

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