Investment Property at 1701 Point Owoods Ct, Raleigh, NC 27604 - $5,664 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 $173 per day and long-term for an average of $2,122 per month, based on similar listings in the area. Estimated short-term cap rate of 1.3%. Estimated long-term cap rate of -1.6%. Time to call Hedingham home! As you enter this charming home, you are welcomed by lots of natural light and fresh paint. The large family room adjoins the dining room, which is flanked by windows and doors, creating a bright and cheery atmosphere throughout the space. The kitchen and dining room both open to the deck and backyard, imagine the ease in entertaining with such great flow through these spaces. Upstairs, you will find the spacious primary suite with a remodeled spa like bathroom, which includes double vanities and large tiled shower with rain shower head. 3 additional bedrooms, remodeled hall bath and laundry closet round out the 2nd floor. Head on up to massive the 3rd floor bonus room, perfect for a theater room, pool table, play room, etc....Possibilities are endless! As a resident of Hedingham, you enjoy access to the Athletic club and pool, and dont forget proximity to the Neuse River Trail, 440, the future 540 extension, 15 mins to Downtown Raleigh, 10 minutes to WakeMed, Knightdale Station Park and so much more! This home has had lots of thoughtful upgrades from popcorn ceiling removal, fresh paint, lighting, floating shelves in kitchen, remodeled baths, HVAC is 2019/2023, new hot water heater in 2025 and roof was done in 2019. The only thing it needs now is YOU!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$65
Rental Policy
daily
Yearly Taxes
$3345
Bedrooms
4
Bathrooms
3
SQFT
2,344
Furnished
N/A
Year built
1990
Listing Status
Active
MLS
10082196

Short-term Rental Potential
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$38,208

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$189

Price/SQFT

Long-term Rental Potential
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$25,464

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,122/mo

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