Investment Condo at 1230 Coach Station Aly, Raleigh, NC 27601 - $-9,528 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 $192 per day and long-term for an average of $2,225 per month, based on similar listings in the area. Estimated short-term cap rate of 0.5%. Estimated long-term cap rate of -2.1%. Welcome to this beautifully designed, low-maintenance condo that combines comfort, convenience, and style. Bathed in natural light, this home features a spacious 1-car rear-load garage with additional storage for your sports gear, tools, and more. Say goodbye to the hassles of bad weather and enjoy easy, direct access to your home! Step inside and be greeted by a warm and inviting family room—perfect for relaxing or entertaining loved ones. The open-concept kitchen and breakfast area seamlessly flow into the living space, creating an ideal environment for everyday living. Upstairs, your private retreat awaits in the generous primary suite, complete with an en-suite bathroom and two walk-in closets—offering ample storage for all your essentials. The second floor also includes a well-appointed guest bedroom and an additional family room which leads out to your private deck. For your convenience, a stackable laundry closet is tucked into the hallway, making laundry days effortless. This condo strikes the perfect balance between style, functionality, and simplicity, offering a home that meets all your needs. Note: The photos shown are of a similar home.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$250
Rental Policy
daily
Yearly Taxes
$4499
Bedrooms
2
Bathrooms
3
SQFT
1,576
Furnished
N/A
Year built
2024
Listing Status
Active
MLS
10083636

Short-term Rental Potential
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$38,604

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$285

Price/SQFT

Long-term Rental Potential
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$26,700

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,225/mo

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