Investment Property at 2720 Stratford Hall Dr, Raleigh, NC 27614 - $-21,840 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 $341 per day and long-term for an average of $3,350 per month, based on similar listings in the area. Estimated short-term cap rate of 0.6%. Estimated long-term cap rate of -2.5%. Fully renovated home in the prestigious Wakefield Community! Features include: newly upgraded molding throughout including board and batten in foyer, dining and bedroom, newly renovated chefs kitchen with quartz countertops, herringbone tile and stainless steel appliances. Upgraded lighting and shelving, newly renovated baths with tile walls and floors, quartzite countertop and vanity in primary, and upgraded lighting, LVP flooring over real hardwoods, upgraded stair railings, new carpet, new built ins in living room and bonus room, downstairs bedroom with attached bath, built-in workbench and shelving in garage, and a large newly added patio, private tree-lined/fenced in back yard with irrigation system. Welcome Home!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$25
Rental Policy
daily
Yearly Taxes
$6190
Bedrooms
5
Bathrooms
4
SQFT
3,658
Furnished
N/A
Year built
1999
Listing Status
Active
MLS
10083541

Short-term Rental Potential
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$67,512

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$237

Price/SQFT

Long-term Rental Potential
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$40,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,350/mo

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