Off-Market Property at 8110 Farmlea Cir, Raleigh, NC 27616
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8110 Farmlea Cir, Raleigh, NC 27616

$205,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $175 per day and long-term for an average of $1,656 per month, based on similar listings in the area. Estimated short-term cap rate of 8.2%. Estimated long-term cap rate of 1.8%. Great first time home or investment opportunity! Open floor plan downstairs with family room, dining, kitchen, bath and laundry. Upstairs you will find both the primary bedroom, full bathroom and secondary bedroom. Subject to court approval and 10 day upset bid period.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$113
Rental Policy
daily
Yearly Taxes
$1695
Bedrooms
2
Bathrooms
2
SQFT
965
Furnished
N/A
Year built
1992
Listing Status
Off Market
MLS
10076169

Short-term Rental Potential
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$32,976

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$212

Price/SQFT

Long-term Rental Potential
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$19,872

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,656/mo

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