Investment Property at 2836 Oberlin Rd, Raleigh, NC 27608 - $-12,312 Profit
Luna Mascot
Luna - Real Estate AI Assistant

Get insights, projections, and answers instantly!

POWERED BY

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $211 per day and long-term for an average of $2,461 per month, based on similar listings in the area. Estimated short-term cap rate of 0.1%. Estimated long-term cap rate of -2.1%. This super charming ranch home blends original Raleigh character with modern updates, offering a rare opportunity to own in one of the city's most sought-after location. Move-in ready and thoughtfully updated, this home allows you to enjoy the best of both worlds—timeless charm with no heavy lifting required. Located just minutes from local coffee shops, top-rated restaurants, and the vibrant shopping areas of Village District and North Hills, you'll have everything you need within easy reach. The home features 3 bedrooms, 2 baths, and two separate living areas, perfect for both everyday living and entertaining. A large, flat, fenced-in backyard on a .18-acre lot provides plenty of space for outdoor fun and relaxation. Recent updates include a fully renovated kitchen with new cabinets, countertops, appliances, and fixtures, along with a new electrical panel and wiring throughout the home. The roof was replaced in December 2023, so you can enjoy peace of mind for years to come. Additionally, the expansive storage space in the basement offers ample room for all your organizational needs. This home offers a rare combination of original Raleigh charm with modern updates, making it the perfect choice for those who want to move right in or add their personal touch. Don't miss the chance to own this delightful home in an unbeatable location!

Property Information
Airbnb Avg Daily
See Full Details
Occupancy Rate
See Full Details
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3532
Bedrooms
3
Bathrooms
2
SQFT
1,355
Furnished
N/A
Year built
1949
Listing Status
Active
MLS
10077978

Short-term Rental Potential
arrow_drop_up

$42,576

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$442

Price/SQFT

Long-term Rental Potential
arrow_drop_up

$29,532

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$2,461/mo

Rent