Investment Property at 920 E Jones St, Raleigh, NC 27601 - $4,980 Profit
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920 E Jones St, Raleigh, NC 27601

$485,000

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $218 per day and long-term for an average of $2,461 per month, based on similar listings in the area. Estimated short-term cap rate of 1.0%. Estimated long-term cap rate of -1.1%. Welcome to an absolutely spectacular home in the heart of Downtown Raleigh, complete with a charming rocking chair front porch that invites you to relax and unwind. This move-in ready gem offers a newly painted siding and a tremendous floorplan designed for modern living, featuring high ceilings and stunning hardwood floors. The open living area seamlessly transitions into a spacious kitchen, where you'll find exquisite granite countertops, custom cabinetry with ample storage, and a stylish bar top, perfect for casual dining and entertaining. The primary suite boasts an incredible bath with dual sinks, a separate tub and shower, and dual closets. Two additional bedrooms provide space for family, guests, or a home office. Step outside to the fenced-in backyard with a lovely patio, perfect for outdoor entertaining. This 3-bedroom, 2-bathroom gem is situated in the heart of downtown, within walking distance to Historic Oakwood, the Governor's Mansion, Moore Square, Transfer Food Hall, Smokestack Cafe, Gringo-a-gogo, and Longleaf Swine BBQ. Experience all that Downtown Raleigh has to offer in this unbeatable location! This home combines old-world charm with modern-day luxuries—don't miss out!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4103
Bedrooms
3
Bathrooms
2
SQFT
1,081
Furnished
N/A
Year built
1920
Listing Status
Active
MLS
10072331

Short-term Rental Potential
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$40,056

Revenue
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Profit
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Cap rate
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Cash on Cash
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$448

Price/SQFT

Long-term Rental Potential
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$29,532

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,461/mo

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