Investment Property at 3883 Pin Oak Rd, Raleigh, NC 27604 - $10,752 Profit
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Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $142 per day and long-term for an average of $1,863 per month, based on similar listings in the area. Estimated short-term cap rate of 3.0%. Estimated long-term cap rate of -1.0%. Welcome to 3883 Pin Oak Rd, Raleigh, NC 27604! This 3-bedroom, 2.5-bathroom home offers the perfect blend of privacy, comfort, and convenience. Situated on a peaceful 0.28-acre wooded lot, this home is ideal for those who appreciate tranquility while being just minutes from all the amenities that downtown Raleigh has to offer. Key Features: Modern Kitchen: The updated kitchen is a chef's dream with granite countertops, ceramic tile flooring and subway style backsplash, stainless appliances, light grey cabinetry, and ample counter space for meal prep. Open and Bright Interior: The open-concept layout seamlessly connects the living room, dining area, and kitchen, making it perfect for entertaining or everyday living. The living room boasts solid hardwood flooring, large windows provide sweeping views of the wooded landscape, bringing the outdoors in. Private Wooded Lot: Tucked away on a beautifully wooded lot, the property provides an abundance of natural beauty and seclusion. Bonus room: Enjoy extra living space with a 12x10 bonus room on the main level (Unpermitted/unheated, not counted in the home square footage)

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$36
Rental Policy
daily
Yearly Taxes
$2811
Bedrooms
3
Bathrooms
3
SQFT
1,496
Furnished
N/A
Year built
2007
Listing Status
Active
MLS
10075934

Short-term Rental Potential
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$36,660

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$237

Price/SQFT

Long-term Rental Potential
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$22,356

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,863/mo

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