Off-Market Property at 5920 N Hills Dr, Raleigh, NC 27609

5920 N Hills Dr, Raleigh, NC 27609

$515,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $218 per day and long-term for an average of $2,199 per month, based on similar listings in the area. Estimated short-term cap rate of 2.4%. Estimated long-term cap rate of -1.9%. Welcome home to this beautifully renovated ranch, perfectly situated on a sidewalk-lined street near the Greenway and Shelley Lake. From the moment you step inside, you'll feel the warmth and charm of this thoughtfully updated home. Updates include gleaming new hardwood floors with flush vents, beautiful light fixtures, added recess lighting, plantation shutters, new gutters with gutter guards, added chimney cover, extensively remodeled kitchen and bathrooms, and new landscaping. Thoughtful attention to every detail and an inviting layout make this home the perfect space. The stunning new kitchen is a dream, featuring quartz countertops, all new cabinetry, a beverage center, brand-new appliances, and a recently added gas line for the range. Both bathrooms have been elegantly remodeled with gorgeous tile and modern fixtures. Outside, enjoy the fully fenced, flat lot, perfect for relaxing, playing, or entertaining. Plus, with sidewalks leading to beautiful Shelley Lake, you'll have easy access to scenic trails.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3360
Bedrooms
3
Bathrooms
2
SQFT
1,217
Furnished
N/A
Year built
1972
Listing Status
Off Market
MLS
10081654

Short-term Rental Potential
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$48,588

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$423

Price/SQFT

Long-term Rental Potential
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$26,388

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,199/mo

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