Off-Market Condo at 720 Bishops Park Dr, Raleigh, NC 27605
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720 Bishops Park Dr, Raleigh, NC 27605

Unit - #305

$459,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $201 per day and long-term for an average of $2,855 per month, based on similar listings in the area. Estimated short-term cap rate of 0.5%. Estimated long-term cap rate of -0.5%. This beautifully updated 3 bedroom, 2 bathroom condo offers a bright and airy living space with plenty of natural light. The modern kitchen features sleek black countertops on white cabinets, stainless steel appliances and more, perfect for preparing meals and entertaining. Enjoy the convenience of living in downtown Raleigh in a pool community, offering a relaxing retreat just steps from your door. This condo is close to dining, shopping, and entertainment, making it the perfect blend of comfort and convenience. You do not want to miss this!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$365
Rental Policy
daily
Yearly Taxes
$2960
Bedrooms
3
Bathrooms
2
SQFT
1,452
Furnished
N/A
Year built
1983
Listing Status
Off Market
MLS
10071396

Short-term Rental Potential
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$39,180

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$316

Price/SQFT

Long-term Rental Potential
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$34,260

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,855/mo

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