Investment Property at 1014 E Jones St, Raleigh, NC 27601 - $-5,160 Profit
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Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $214 per day and long-term for an average of $2,971 per month, based on similar listings in the area. Estimated short-term cap rate of -0.1%. Estimated long-term cap rate of -0.9%. Welcome to 1014 E Jones Street, a beautifully remodeled ranch-style home nestled in the heart of Downtown Raleigh. This prime location offers the perfect blend of urban convenience and neighborhood charm, situated just a few blocks from Historic Oakwood. Step inside to discover a spacious open floor plan bathed in natural light. The modern kitchen is equipped with stainless steel appliances, quartz countertops, and a central island, making it a chef's delight. The primary suite offers a serene retreat with an en-suite bathroom featuring contemporary fixtures and finishes. Two additional bedrooms provide ample space for family, guests, or a home office. Outside, the private exterior space is ideal for cookouts and entertaining. The corner lot provides plenty of parking, and with no HOA restrictions, you have the freedom to personalize your space. Recent updates include a new roof, new HVAC system, and refinished original hardwood floors, ensuring this home is move-in ready. Whether you're seeking a comfortable family home or a lucrative investment opportunity—with estimated short-term rental income between $5,500 and $6,000 per month—1014 E Jones Street delivers. Don't miss your chance to own this gem in one of Raleigh's most sought-after neighborhoods. Schedule a viewing today and experience all that this exceptional property has to offer. Available lender credit up to $2,800 through Brad Stark at Novus Home Mortgage. Call Brad for further details at 919-264-1181.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3207
Bedrooms
3
Bathrooms
2
SQFT
1,608
Furnished
N/A
Year built
1963
Listing Status
Active
MLS
10073787

Short-term Rental Potential
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$40,248

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$366

Price/SQFT

Long-term Rental Potential
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$35,652

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,971/mo

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