Investment Property at 5907 Carmel Ln, Raleigh, NC 27609 - $9,084 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 $140 per day and long-term for an average of $1,888 per month, based on similar listings in the area. Estimated short-term cap rate of 3.0%. Estimated long-term cap rate of -0.8%. Location! Location! Conveniently located near retail, restaurants, grocery stores and major roads. North Bend Townhomes is a beautifully treed community with amenities such as a pool, tennis and clubhouse. This home is move-in ready featuring updated kitchen and bathrooms. Open floor concept on main level with powder room and laundry room. Upstairs are 3 bedrooms and 2 full bathrooms. Backyard is fenced providing privacy for entertaining on the patio. 2 parking spaces are in front of unit for your convenience.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$271
Rental Policy
daily
Yearly Taxes
$2741
Bedrooms
3
Bathrooms
3
SQFT
1,487
Furnished
N/A
Year built
1983
Listing Status
Active
MLS
10082136

Short-term Rental Potential
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$34,236

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$201

Price/SQFT

Long-term Rental Potential
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$22,656

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,888/mo

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