Investment Property at 4709 Delta Lake Dr, Raleigh, NC 27612 - $16,644 Profit
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4709 Delta Lake Dr, Raleigh, NC 27612

$435,000

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $178 per day and long-term for an average of $1,948 per month, based on similar listings in the area. Estimated short-term cap rate of 3.8%. Estimated long-term cap rate of -2.0%. Welcome to this charming 3-beds/2.5-baths SFH. This beautifully designed residence offers both comfort and convenience, making it an ideal choice for homeowners seeking a spacious and well-located property. Step inside and be greeted by the inviting family room, leading into the living room and cozy fireplace. The well-equipped kitchen features a breakfast bar, offering additional seating and a great space for casual dining. For more formal gatherings, the dedicated dining room provides an elegant setting. All bedrooms are generously sized, ensuring ample space for rest and relaxation. Outside, enjoy the back deck and spacious patio, ideal for entertaining or simply unwinding in the fresh air. This home is conveniently situated less than a mile from Glenwood Avenue, just 15 minutes from RDU Airport, and offers easy access to major highways, making commuting a breeze. Don't miss this fantastic opportunity to own a home in one of Raleigh's most desirable areas!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$32
Rental Policy
daily
Yearly Taxes
$3978
Bedrooms
3
Bathrooms
3
SQFT
1,944
Furnished
N/A
Year built
1999
Listing Status
Active
MLS
10082611

Short-term Rental Potential
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$48,780

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$223

Price/SQFT

Long-term Rental Potential
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$23,376

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,948/mo

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