Investment Property at 607 Calloway Dr, Raleigh, NC 27610 - $18,564 Profit
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607 Calloway Dr, Raleigh, NC 27610

$274,999

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $210 per day and long-term for an average of $1,706 per month, based on similar listings in the area. Estimated short-term cap rate of 6.8%. Estimated long-term cap rate of 0.4%. Welcome to 607 Calloway Drive, a beautifully renovated ranch-style home just minutes from the vibrant heart of downtown Raleigh! This charming residence has been completely remodeled, blending modern updates with classic appeal. Step inside to discover an open and airy floor plan featuring fresh paint, sleek luxury vinyl plank flooring, and an abundance of natural light from the front porch windows. The fully updated kitchen boast crisp white cabinetry, elegant quartz countertops, subway tile backsplash, and brand-new stainless steel appliances. The thoughtful addition of open shelving provides extra character and functionality. The home features comfortable bedrooms and a stylishly updated bathroom with modern fixtures and finishes. The expansive backyard is a blank canvas, ready for gardening, entertaining, or simply enjoying the outdoors. With mature trees and a peaceful setting, this property provides a serene retreat while keeping you close to all that Raleigh has to offer. Located in an established neighborhood, this home is just a short drive to local shops, dining, and entertainment. Whether you're a first-time buyer, an investor seeking your next rental property, or looking to downsize, 607 Calloway Drive offers the perfect combination of comfort, convenience, and updated style. Schedule your private showing today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1890
Bedrooms
3
Bathrooms
1
SQFT
1,065
Furnished
N/A
Year built
1960
Listing Status
Active
MLS
10070536

Short-term Rental Potential
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$38,016

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$258

Price/SQFT

Long-term Rental Potential
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$20,472

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,706/mo

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