Investment Property at 5322 River Reach Dr, Raleigh, NC 27616 - $-5,496 Profit
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5322 River Reach Dr, Raleigh, NC 27616

$383,900

Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $133 per day and long-term for an average of $2,107 per month, based on similar listings in the area. Estimated short-term cap rate of -0.5%. Estimated long-term cap rate of -1.4%. The Dogwood features 3 bedrooms, 2.5 bathrooms and a 2-car garage, giving you ample space to start the next chapter. An extra living space on the first floor is the perfect opportunity to create a space you love. You will love the spacious living room and designer kitchen, an amazing space for inviting friends over. Three bedrooms, including the master suite, offer you plenty of space without feeling cramped. The Dogwood also features all-inclusive designer upgrades! Minutes' drive to I-540, RDU, and Downtown Raleigh. Ask about our interest rate specials, contact the LGI Homes Information Center for more details!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$175
Rental Policy
daily
Yearly Taxes
$4164
Bedrooms
3
Bathrooms
3
SQFT
2,049
Furnished
N/A
Year built
2024
Listing Status
Active
MLS
10080748

Short-term Rental Potential
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$28,704

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$187

Price/SQFT

Long-term Rental Potential
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$25,284

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,107/mo

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