Investment Property at 5264 Patuxent Dr, Raleigh, NC 27616 - $10,848 Profit
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Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $166 per day and long-term for an average of $1,740 per month, based on similar listings in the area. Estimated short-term cap rate of 4.2%. Estimated long-term cap rate of 0.0%. SELLER MOTIVATED! GREAT PRICE ADJUSTMENT ON THIS AWESOME 3 BEDRM - 2.5 BATHS TOWNHOME IN DESIRABLE SOUGHT-AFTER LOCATION BACKS UP TO WRAL SOCCER PARK, AND SO CONVENIENT TO THE NEUSE RIVER TRAILS AND CITY AMENITIES. THIS TOWNHOME FEATURES THE LOVELY SPACIOUS FORMAL DINING RM TO ENJOY FAMILY/FRIENDS DINNERS and ESPECIALLY TO SHARE DURING THOSE SPECIAL HOLIDAYS. THE NICE PANTRY AND THE KITCHEN WITH THE BRAND-NEW ELECTRIC SMOOTH TOP RANGE-SELF CLEANING OVEN, MICROWAVE, DISHWASHER, REFRIGERATOR AND DISPOSAL-OPENS TO THE HUGE FAMILY ROOM-GREAT FOR ENTERTAINING. NICE NATURAL LIGHT, 9' CEILINGS, LAMINATE VINYL FLOORS IN ENTRY FOYER, FORMAL DINING RM, and POWDER RM ARE ATTRACTIVE ACCENTS. THE TOP OF LINE WASHER & DRYER CONVEY AND LOCATED IN THE LAUNDRY RM ON THE MAIN FLOOR. THE SECOND FLOOR OFFERS A PRIMARY BEDROOM WITH VAULTED CEILING, WIC AND BATH WITH WALK IN SHOWER PLUS TWO NICE SIZE 2ND AND 3RD BEDROOMS WITH GUEST BATH INCLUDING A BATHTUB. WINDOW COVERINGS CONVEY. TWO ASSIGNED PARKING SPACES. CHEST FREEZER DOES NOT CONVEY. THIS WOULD BE A WONDERFUL PLACE PROUD TO OWN AND CALL HOME. CREATE MEMORIES HERE. PLEASE NOTE: MEASUREMENTS INCLUDING FLOORPLAN BY MCNAMERA APPRAISERS.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$155
Rental Policy
daily
Yearly Taxes
$2475
Bedrooms
3
Bathrooms
3
SQFT
1,492
Furnished
N/A
Year built
2001
Listing Status
Active
MLS
10079776

Short-term Rental Potential
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$31,716

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$173

Price/SQFT

Long-term Rental Potential
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$20,880

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,740/mo

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