Investment Condo at 1257 S Blount St, Raleigh, NC 27601 - $8,664 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 $218 per day and long-term for an average of $3,092 per month, based on similar listings in the area. Estimated short-term cap rate of 2.0%. Estimated long-term cap rate of 0.4%. Welcome to The Tessa, an end-unit home brimming with natural light and designed for effortless living and entertaining. The open-concept layout creates a seamless flow between spaces, perfect for everything from cozy dinners to lively happy hours with friends. The kitchen and spacious family room are beautifully connected, creating a bright and inviting atmosphere. The family room comfortably accommodates a 5-8 person sectional and flows into the dining area and kitchen, ideal for both everyday living and entertaining. The large quartz peninsula provides seating for five, offering ample space for appetizers, snacks, or a quick bite while working from home. The second-floor primary suite provides a luxurious retreat, complete with a spa-like en-suite bathroom, double vanities, two walk-in closets, and a private water closet. Two additional well-sized bedrooms, including one with its own deck, ensure plenty of room for everyone. Please note: the photos are from a similar home. Reach out today to schedule a tour and make this beautiful new construction your own!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$250
Rental Policy
daily
Yearly Taxes
$4400
Bedrooms
3
Bathrooms
3
SQFT
1,576
Furnished
N/A
Year built
2024
Listing Status
Active
MLS
10081644

Short-term Rental Potential
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$43,836

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$276

Price/SQFT

Long-term Rental Potential
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$37,104

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,092/mo

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