Investment Property at 1614 Oakland Hills Way, Raleigh, NC 27604 - $13,164 Profit
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1614 Oakland Hills Way, Raleigh, NC 27604

$259,900

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $162 per day and long-term for an average of $1,609 per month, based on similar listings in the area. Estimated short-term cap rate of 5.1%. Estimated long-term cap rate of -0.7%. Welcome to 1614 Oakland Hills Way, a delightful townhouse in the heart of Raleigh's desirable Hedingham Golf Course Community! This 2-bedroom, 2.5-bath gem offers 1,228 square feet of thoughtfully designed living space, brand new HVAC (10/2024), and HOA maintained landscaping, roofing, and siding. As you step inside, you'll be greeted by hardwood floors that flow throughout the main level, creating a warm and inviting atmosphere. The open-concept living area is perfect for both relaxation and entertaining, with natural light pouring in through the windows. Step through the back door to your private, raised deck — a serene spot to enjoy your morning coffee or unwind after a long day while taking in views of the peaceful walking trail just steps away. Upstairs, you'll find two generously sized bedrooms, each with its own private full bathroom, providing privacy and convenience for both residents and guests. This townhouse is more than just a home — it's a lifestyle. Enjoy all the amenities that Hedingham Golf Course Community has to offer, from the lush greens of the golf course to the inviting neighborhood atmosphere. Don't miss the chance to make 1614 Oakland Hills Way your own personal haven.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$197
Rental Policy
daily
Yearly Taxes
$2119
Bedrooms
2
Bathrooms
3
SQFT
1,228
Furnished
N/A
Year built
1995
Listing Status
Active
MLS
10078497

Short-term Rental Potential
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$34,236

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$211

Price/SQFT

Long-term Rental Potential
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$19,308

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,609/mo

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