Investment Condo at 4600 Millstone Dr, Raleigh, NC 27604 - $-176,652 Profit
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4600 Millstone Dr, Raleigh, NC 27604

Unit - #D

$240,000

Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $160 per day and long-term for an average of $1,838 per month, based on similar listings in the area. Estimated short-term cap rate of -69.5%. Estimated long-term cap rate of -73.6%. Welcome home to this charming 3-bedroom, 2.5-bathroom condo nestled in the heart of Raleigh. This move-in-ready home offers an exceptional opportunity for first-time buyers or investors seeking a prime rental property. Key Features: Spacious Living: The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating an inviting space for relaxation and entertainment. Modern Kitchen: Equipped with contemporary appliances and ample cabinetry, the kitchen is designed to meet all your culinary needs. Comfortable Bedrooms: Three generously sized bedrooms provide comfort and privacy, with the primary suite featuring an en-suite bathroom for added convenience. Outdoor Space: Enjoy a private patio, perfect for morning coffee or evening relaxation. Community Amenities: Residents have access to well-maintained communal areas, enhancing the living experience. Location Highlights: Situated in a vibrant neighborhood, this condo is central to everything Raleigh has to offer. With easy access to shopping centers, dining establishments, parks, and major highways, convenience is at your doorstep. Investment Potential: Priced to sell this property presents a lucrative opportunity for investors seeking a property with strong rental appeal in a desirable location. Don't miss out on this exceptional offering. Contact us today to schedule a viewing and make 4600 Millstone Drive your new home or investment property.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$268
Rental Policy
daily
Yearly Taxes
$180173
Bedrooms
3
Bathrooms
3
SQFT
1,319
Furnished
N/A
Year built
1978
Listing Status
Active
MLS
10068624

Short-term Rental Potential
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$32,004

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$181

Price/SQFT

Long-term Rental Potential
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$22,056

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,838/mo

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