Investment Property at 317 Compton Rd, Raleigh, NC 27609 - $-22,980 Profit
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Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $284 per day and long-term for an average of $2,298 per month, based on similar listings in the area. Estimated short-term cap rate of 0.1%. Estimated long-term cap rate of -3.3%. Welcome to this newly updated traditional split-level home, ideally located just minutes from North Hills Mall and nestled in the desirable Lakemont subdivision. Situated on a well-maintained lot, this home features a meticulously landscaped front yard with a stunning magnolia tree, creating instant curb appeal. This 3 bedroom / 2.5 bath home has been freshly painted inside and out. It features hardwood floors, smooth ceilings, and updated light fixtures, enhancing its modern appeal. The main level offers a separate living space, a half bath, as well as a flex space with endless possibilities. Upstairs, the kitchen is a true highlight, featuring stainless steel appliances, an eat-in dining area, and nestled right off of the second living room with large bay windows, allowing plenty of natural light. This open and spacious room is perfect for entertaining and gatherings. The third level features the primary suite, two additional bedrooms, and two full baths. In the backyard, the deck extends the living space to the outdoors and overlooks the fully landscaped garden featuring a garden irrigation system as well as a masonry fire pit. The backyard is the perfect setting for both tranquil moments and lively soirees. The overall feel of the home is both modern and timeless, all in a prime location!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5540
Bedrooms
3
Bathrooms
3
SQFT
1,989
Furnished
N/A
Year built
1962
Listing Status
Active
MLS
10070412

Short-term Rental Potential
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$51,012

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$354

Price/SQFT

Long-term Rental Potential
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$27,576

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,298/mo

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