Investment Property at 1217 Wedgeland Dr, Raleigh, NC 27615 - $-17,076 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 $177 per day and long-term for an average of $2,722 per month, based on similar listings in the area. Estimated short-term cap rate of -1.1%. Estimated long-term cap rate of -2.4%. Welcome to 1217 Wedgeland Drive in the highly sought-after Greystone Park neighborhood! This beautifully updated home offers comfort, style, and convenience with no HOA fees, a rare main-floor primary suite, and a luxurious, fully renovated spa-inspired bathroom with a soaking tub, glass-enclosed shower, and marble-topped dual vanities. The bright living room features vaulted ceilings, a cozy fireplace, and flows into the formal dining area, while the renovated kitchen boasts 42'' white cabinetry, granite countertops, a designer backsplash, stainless steel appliances, and a breakfast room with peaceful backyard views. Additional highlights include generous kitchen storage, a convenient mudroom/laundry area, and major system upgrades: roof (2020), water heater (2021), and HVAC systems (2015 & 2017). Upstairs offers two spacious bedrooms, attic storage, a sunlit catwalk, and a large bonus room perfect for an office, playroom, or optional 4th bedroom. Enjoy the private backyard oasis with a large deck—ideal for relaxing, gardening, or entertaining—just minutes from shopping, dining, parks, greenways, and everything Raleigh has to offer.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5040
Bedrooms
3
Bathrooms
3
SQFT
2,456
Furnished
N/A
Year built
1998
Listing Status
Active
MLS
10085119

Short-term Rental Potential
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$42,000

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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$32,664

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,722/mo

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