Investment Condo at 1700 Tiffany Bay Ct, Raleigh, NC 27609 - $-11,388 Profit
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1700 Tiffany Bay Ct, Raleigh, NC 27609

Unit - #303

$335,000

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $121 per day and long-term for an average of $1,318 per month, based on similar listings in the area. Estimated short-term cap rate of 0.7%. Estimated long-term cap rate of -3.4%. Discover the perfect blend of comfort and convenience in this beautiful top-floor condo located in the heart of Raleigh. Nestled in the sought-after Oaks at Olde Wake, this home offers a peaceful wooded view and a thoughtfully designed layout—all in a secure building with an elevator for easy access. Inside, you'll find two spacious bedrooms and two full baths, with wood flooring throughout for a warm, inviting feel. The open-concept living, dining, and kitchen areas flow seamlessly, creating an ideal space for both relaxing and entertaining. The master suite is a true retreat, large enough for a king-size bed, and features a fully remodeled en-suite bath with brand-new flooring, a stylish vanity, modern fixtures, and a spacious walk-in shower. The guest bedroom also offers easy access to its own full bath. Step outside to enjoy the covered rear porch, where you can unwind in privacy surrounded by serene, tree-lined views. Best of all, everything is conveniently on one level—no stairs required! Don't miss this rare opportunity to own a stunning condo in a prime location. Schedule your showing today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$275
Rental Policy
daily
Yearly Taxes
$2508
Bedrooms
2
Bathrooms
2
SQFT
1,221
Furnished
N/A
Year built
1999
Listing Status
Active
MLS
10080767

Short-term Rental Potential
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$29,580

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$274

Price/SQFT

Long-term Rental Potential
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$15,816

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,318/mo

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