Investment Property at 3021 Allenby Dr, Raleigh, NC 27604 - $-67,248 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 $157 per day and long-term for an average of $2,510 per month, based on similar listings in the area. Estimated short-term cap rate of -4.4%. Estimated long-term cap rate of -4.6%. 3021 Allenby Dr is a not just a lovely house, but a destination. When you are inside or on the back deck, you do not feel like you are sitting in a neighborhood. You feel like you feel like you're on your own little private island. 15 minutes from downtown Raleigh and NO CITY TAXES. OPPORTUNITIES ARE ENDLESS for this hard-to-find 3 bedroom / 3 bath spacious LUXURY CONTEMPORARY RANCH featuring a 4-CAR DETACHED GARAGE with an additional 5th GARAGE BAY. This amazing property is a 15-minute drive from downtown Raleigh and ZONED RR for your home base office and business development solutions. Home is nestled among nature on a 3.3-ACRE LOT with an IN-GROUND SALT WATER POOL overlooking a TRANQUIL POND. This peaceful & serene home provides multiple spaces for working, entertaining, and relaxing at home. The third bedroom (OPTIONAL NANNY OR IN-LAW SUITE) features a separate outside entrance. The fourth bedroom was previously converted to a SPACIOUS CUSTOM WALK-IN LUXURY CLOSET. Other special features and updates include, the house is wired for an EV CHARGER, 2019 TIMBERTECK DECKING, and GAZEBO. NATURAL GAS BARBECUE STATION, HOT TUB, 3 FULL UPDATED LUXURY BATHS, POOL HALF BATH & CHANGING AREA, 2017 and 2018 NEW HVAC SYSTEMS, PULL OUT MICROWAVE, WINE FRIDGE, and NEW FIBER CEMENT INSTALLATION IN BACK OF HOME. Neuse River Greenway Trail entrance is less than a 15 minute away

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4762
Bedrooms
3
Bathrooms
3
SQFT
3,392
Furnished
N/A
Year built
1978
Listing Status
Active
MLS
10080674

Short-term Rental Potential
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$34,044

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$427

Price/SQFT

Long-term Rental Potential
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$30,120

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,510/mo

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