Investment Property at 5508 Lake Garden Ct, Raleigh, NC 27610 - $9,324 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 $165 per day and long-term for an average of $1,830 per month, based on similar listings in the area. Estimated short-term cap rate of 2.9%. Estimated long-term cap rate of -0.3%. Welcome to this lovely 3-bedroom ranch home, nestled on a generous .55-acre lot in a peaceful cul-de-sac. Enjoy the serenity of this quiet neighborhood while being conveniently located near major highways 40, 440, 540, and 87. Step inside to discover an inviting space with updated flooring, fresh paint, and stunning granite countertops. The thoughtful floorplan features a large living area with a cozy fireplace, perfect for relaxing or entertaining. The spacious dining area offers plenty of room for family gatherings, and the split-bedroom layout ensures privacy for all. Outside, you'll find a charming deck with a shade covering—ideal for enjoying the outdoors year-round. Raised planter beds provide an opportunity to cultivate your own garden oasis. The expansive lot offers endless potential, with a small portion fenced for added convenience. You'll love being just 5 miles from downtown Raleigh and just 1 mile from the Neuse River Trail, a 27.5-mile stretch of paved path for endless recreation. Don't miss out on this wonderful home in an unbeatable location! No HOA! Washer, dryer, and refrigerator convey!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2349
Bedrooms
3
Bathrooms
2
SQFT
1,389
Furnished
N/A
Year built
1989
Listing Status
Active
MLS
10085291

Short-term Rental Potential
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$32,100

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$230

Price/SQFT

Long-term Rental Potential
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$21,960

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,830/mo

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