Investment Property at 6008 Chittim Ct, Raleigh, NC 27616 - $-17,712 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 $227 per day and long-term for an average of $2,525 per month, based on similar listings in the area. Estimated short-term cap rate of 0.0%. Estimated long-term cap rate of -2.6%. Gorgeous North Raleigh Custom home on a corner lot in the desirable Strawns Crossing neighborhood. With recent updates throughout, this home is truly move-in ready! Inside, you'll find hardwood floor across most of the first floor. Fresh neutral paint. The fully renovated kitchen (2025) featuring new cabinets, tiled backsplash, granite countertops, luxury stainless steel appliances, new luxury vinyl plank floor. Huge eat-in kitchen space with bay windows. The well-designed and open floor plan includes formal living with French door, dining room, a casual family room with vault ceiling, two skylights and a gas fireplace. Connected to double doors to the sun room with skylights. Fenced and privacy backyard around by hardwood trees is a peaceful retreat. The first-floor master suite with newly updated master bathroom with dual sinks, stand alone bathtub and a separate shower with tiled floor. Upstairs you will find four bedrooms with updated bathroom (2024) with walk in and frameless glass shower. New luxury vinyl plank on second floor. Quiet neighborhood but convenient location, minutes to I-540 and shopping centers. Google Fiber! This home has so many great things that are hard to find, don't miss out and schedule a showing today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$15
Rental Policy
daily
Yearly Taxes
$4731
Bedrooms
5
Bathrooms
3
SQFT
3,139
Furnished
N/A
Year built
1994
Listing Status
Active
MLS
10083916

Short-term Rental Potential
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$48,204

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$215

Price/SQFT

Long-term Rental Potential
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$30,300

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,525/mo

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