Investment Property at 3100 Cynthiana Ct, Raleigh, NC 27610 - $5,868 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 $178 per day and long-term for an average of $2,040 per month, based on similar listings in the area. Estimated short-term cap rate of 1.7%. Estimated long-term cap rate of -0.4%. Charming well kept home w/ great curb appeal on a nice cul de sac lot! Located in desirable Raleigh city limits, close to downtown! With 3 bedrooms, 2 1/2 bathrooms, all formals, a spacious loft & a 2 car garage with new garage opener, this home has it it all! New renovations include new Luxury vinyl plank flooring throughout the entire main floor, brand new carpet on the entire second level, new Luxury vinyl flooring in the bathrooms & laundry room, fresh paint throughout the home, new exterior trim paint & a brand new roof less than 1 month old! The inviting front porch is great for your outdoor furniture! Enter into this light, bright, open home with 9 foot ceilings to an open flex area that can be used as a formal living room or a beautiful office which flows to the formal dining room space! Huge family room with cozy fireplace is perfect for gatherings as its an overall great room that flows to a spacious kitchen with an eat at island bar, lots of cabinets & a gas stove, as well as a separate breakfast area for informal dining! Upstairs boasts an amazing loft that you can customize as another flex area to fit your needs, movie area, home gym, playroom or even a large home office! Enter the primary suite through beautiful French doors to pure spaciousness! This haven boast a huge tray ceiling, lots of windows and an en suite that boasts a soaking tub, separate shower, dual vanities and huge oversized walk in closet! Two additional bedrooms and a large hall bath too! You will love the spacious laundry room as well! Convenient city/security light in front of the home too! How often can we find a home that has it all! What a gem, Show & Sell!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$13
Rental Policy
daily
Yearly Taxes
$3444
Bedrooms
3
Bathrooms
3
SQFT
2,589
Furnished
N/A
Year built
2006
Listing Status
Active
MLS
10081121

Short-term Rental Potential
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$31,812

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$135

Price/SQFT

Long-term Rental Potential
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$24,480

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,040/mo

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