Investment Property at 1319 Rodessa Run, Raleigh, NC 27607 - $19,092 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 $308 per day and long-term for an average of $2,959 per month, based on similar listings in the area. Estimated short-term cap rate of 3.3%. Estimated long-term cap rate of -1.3%. Welcome to 1319 Rodessa Run, Raleigh - A Prime Location with Modern Comforts! Situated in the highly desirable Inside Wade community, this stunning 4-bedroom, 3.5-bathroom townhome offers an unbeatable location near the Lenovo Center, making it ideal for sports fans, professionals, and those seeking an active, vibrant lifestyle. Enter on the main level where you will find the first-floor bedroom- ideal for guests or private home office equipped with a private full bathroom and 2 car garage access. Venture upstairs and you will enjoy a thoughtfully designed floor plan with open concept living, tall ceilings, and an abundance of natural light. The stylish kitchen - features granite countertops, stainless steel appliances, ample cabinetry, and a center island, perfect for entertaining. Enjoy morning coffee or evening relaxation on your own back balcony just off the kitchen. One level up from the main living area and kitchen you will find the primary bedroom w/ private ensuite bathroom and the incredible in size WIC. Down the hall additional 2 bedrooms full hall bathroom and laundry. One highlight not to be overlooked is the abundance of storage space throughout the home as well. When you are not enjoying the comforts of home you will enjoy all the luxuries this location has to offer! Quick commutes to RTP, downtown Raleigh, RDU Airport and major highways. Community Amenities include access to a clubhouse, swimming pool, walking trails, and green spaces. Just minutes from your doorstep is the Lenovo Center where you can catch the Carolina Hurricanes, NC State Basketball, and major concerts. This move-in-ready home offers the perfect blend of modern comfort and unbeatable convenience. Don't miss your chance to own in one of Raleigh's most sought-after communities!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$163
Rental Policy
daily
Yearly Taxes
$4506
Bedrooms
4
Bathrooms
4
SQFT
2,400
Furnished
N/A
Year built
2012
Listing Status
Active
MLS
10082538

Short-term Rental Potential
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$62,268

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$239

Price/SQFT

Long-term Rental Potential
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$35,508

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,959/mo

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