Investment Property at 5920 Holly Dr, Raleigh, NC 27616 - $-19,980 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 $234 per day and long-term for an average of $2,053 per month, based on similar listings in the area. Estimated short-term cap rate of -1.3%. Estimated long-term cap rate of -3.0%. 5920 Holly Drive, nestled in the peaceful and beautiful community of Will-O-Dean Acres, is a dream home come true. Completely renovated in 2024, this light and airy 3 bedroom, 3 full bath single level house boasts countless designer touches. Bask in your four season sunroom that looks out over a mature deciduous tree forest. Entertain family and friends in your two tone kitchen with stunning quartz countertops, all new appliances including a separate dual zone beverage cooler, and a generous island with counter height seating. Cuddle with loved ones in your cozy family room while being warmed by your floor to ceiling matte black electric fireplace centerpiece. Retreat back to your master bedroom where a modern barn door slips you into a stunningly tiled ensuite complete with double sink vanity, anti-fog LED mirror, and luxurious shower. There is even a guest bathroom with a tastefully hidden shower, a bonus room behind double french doors right off the open concept living/kitchen area, and a mud room with laundry hookup and pantry storage. This house overflows with brand new almost everything - interior/exterior paint, waterproof wood plank laminate flooring, architectural shingles roof, double hung windows, knotty alder wood front door with matching transoms, lights, fans, sinks, vanities, faucets, tub, showers, toilets, knobs, pulls and even hinges! Outside gardens are weed barrier landscaped with abundant flowering bulbs, shrubs, and trees just waiting for the spring. This .67 acre lot has a ramped large shed with electricity, as well as a concrete patio where you could envision yourself roasting marshmallows over a glowing fire pit. Being just inside I-540 this house is conveniently located to all that Raleigh has to offer, without paying city taxes! All building, electrical, plumbing, and mechanical work is permitted and has passed inspection. This dream house easily could be your dream home!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2504
Bedrooms
3
Bathrooms
3
SQFT
2,132
Furnished
N/A
Year built
1973
Listing Status
Active
MLS
10077344

Short-term Rental Potential
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$35,784

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$309

Price/SQFT

Long-term Rental Potential
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$24,636

Revenue
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Cap rate
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Cash on Cash
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$2,053/mo

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