Investment Property at 4705 Bernie Pl, Raleigh, NC 27616 - $-13,560 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 $213 per day and long-term for an average of $2,056 per month, based on similar listings in the area. Estimated short-term cap rate of -1.1%. Estimated long-term cap rate of -2.4%. ** seller offering $2,500 credit at closing with acceptable offer** Welcome to your stunningly renovated home in the exclusive Will-O-Dean community. Over 1800 square feet - three bedrooms, 2 full baths + study/office space. This open-concept gem features a custom eat-in kitchen, a spacious new deck, gas fireplace. oversized two car garage, and a lush front and backyard—perfect for entertaining. The primary suite boasts dual closets and a spa-like bath. Upgrades include fresh paint inside and out, new flooring, roof, windows, HVAC ductwork, a whole-house water filtration system. The home also features a study or a home office. Ideally located within the 540 loop, enjoy quick access to Raleigh, Wake Forest, parks, shopping, and dining—all with the perks of low taxes, no HOA, and minimal utility costs. All appliances: stove, washer, dryer, fridge come with the home. Don't miss this rare find! * this property falls within a qualifying community lending program. This program allows for lower down payment options but most importantly, discounted interest rate pricing. Please reach out to the listing agent for more details.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2480
Bedrooms
3
Bathrooms
2
SQFT
1,850
Furnished
N/A
Year built
1973
Listing Status
Active
MLS
10078925

Short-term Rental Potential
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$32,292

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$302

Price/SQFT

Long-term Rental Potential
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$24,672

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,056/mo

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