Off-Market Property at 1206 Downing Rd, Raleigh, NC 27610
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1206 Downing Rd, Raleigh, NC 27610

$375,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $163 per day and long-term for an average of $1,896 per month, based on similar listings in the area. Estimated short-term cap rate of 3.0%. Estimated long-term cap rate of -1.2%. Charming ITB Bungalow that was fully renovated in 2018 including a new roof, new windows, HVAC and refinished hardwoods. Kitchen has new cabinets and granite.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3286
Bedrooms
3
Bathrooms
1
SQFT
1,015
Furnished
N/A
Year built
1955
Listing Status
Off Market
MLS
10075169

Short-term Rental Potential
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$38,304

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$369

Price/SQFT

Long-term Rental Potential
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$22,752

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,896/mo

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