Investment Property at 1721 Frenchwood Dr, Raleigh, NC 27612 - $-24,168 Profit
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Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $313 per day and long-term for an average of $4,000 per month, based on similar listings in the area. Estimated short-term cap rate of -1.7%. Estimated long-term cap rate of -2.5%. This custom-built home is perfectly situated in one of Midtown Raleigh's most desirable neighborhoods, offering both modern luxury & unbeatable convenience. 7 minutes to North Hills, 3 minutes to Crabtree, & 12 minutes to The Village District. The kitchen features 42'' cabinets, a gas cooktop, and seamlessly flows into the cozy family room with a stunning stacked-stone fireplace and a unique rounded coffered ceiling. The elegant dining room boasts custom wall trim detail, a tray ceiling, and a bay window, adding timeless character. The luxurious primary suite is a true retreat with heated tile floors, French doors leading to the deck, a spa-like bath with vessel sinks, separate tub and shower, and a spacious walk-in closet. Upstairs, you'll find large bedrooms, each with direct bath access, a vaulted-ceiling bedroom, a bonus room with a wet bar and ample walk-in storage areas. Hardwood flooring extends through the upstairs hallway for an added touch of warmth and elegance. Designed for exceptional outdoor living, the screened porch with a vaulted beadboard ceiling overlooks a fully fenced backyard with an oversized deck, stamped patio with a stone wall, and a section of artificial turf with a playhouse. The meticulously planned landscaping creates a lush, private oasis, with seasonal plantings that bloom beautifully in the spring. Additional features include a walk-in crawlspace, extra storage under the deck, and low-maintenance yard upkeep to ensure the space remains pristine year-round. Offering the perfect blend of tranquility and convenience, this home delivers an unmatched lifestyle in one of Raleigh's most sought-after locations. Don't miss this incredible opportunity!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$46
Rental Policy
daily
Yearly Taxes
$9345
Bedrooms
4
Bathrooms
4
SQFT
3,326
Furnished
N/A
Year built
2011
Listing Status
Active
MLS
10084646

Short-term Rental Potential
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$55,188

Revenue
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Profit
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Cap rate
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Cash on Cash
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$293

Price/SQFT

Long-term Rental Potential
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$48,000

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$4,000/mo

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