Investment Property at 5430 Neuse Ridge Rd, Raleigh, NC 27610 - $-1,128 Profit
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5430 Neuse Ridge Rd, Raleigh, NC 27610

$325,000

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $174 per day and long-term for an average of $1,868 per month, based on similar listings in the area. Estimated short-term cap rate of 0.4%. Estimated long-term cap rate of -0.3%. Welcome to this charming 3 bedroom ranch-style home which provides a blend of convenience and comfort. As you enter you will be greeted with an open concept living area that flows into a modern style kitchen with updated appliances. The master bedroom is rather spacious with an en-suite bathroom and a sizeable closet. The other 2 bedrooms are located on the other side of the additional full size bathroom. One of the many delightful features of this property is the enormous backyard. As you can imagine the countless possibilities that this generous backyard offers. Another benefit of this home, is a pathway adjacent to the home allowing for morning strolls from one area to the next or possible bike path to shorten your commute. Speaking of commutes, this home is just minutes away from interstates, shopping centers, hospitals, various health centers, and local restaurants. Don't miss this opportunity of making this lovely 3 bedroom ranch home the place to call your NextHome!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$10
Rental Policy
daily
Yearly Taxes
$2673
Bedrooms
3
Bathrooms
2
SQFT
1,089
Furnished
N/A
Year built
2018
Listing Status
Active
MLS
10073084

Short-term Rental Potential
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$24,924

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$298

Price/SQFT

Long-term Rental Potential
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$22,416

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,868/mo

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