Investment Property at 2523 Spring Oaks Way, Raleigh, NC 27614 - $13,332 Profit
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2523 Spring Oaks Way, Raleigh, NC 27614

$337,900

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $158 per day and long-term for an average of $1,749 per month, based on similar listings in the area. Estimated short-term cap rate of 3.9%. Estimated long-term cap rate of -1.1%. Welcome to 2523 Spring Oaks Way located in Magnolia Hill Townhome neighborhood within master-planned,Wakefield Plantation, this spacious and well-maintained 3-bedroom, 2.5-bath townhome with a garage and offers comfort, charm, and convenience.Step onto the rocking chair front porch and into a grand two-story entrance! Inside, you'll find a mix of engineered hardwoods and cozy carpet throughout both levels, paired with fresh paint that makes this home move-in ready.The open-concept layout connects the living room, dining area, and kitchen—complete with Corian countertops, a breakfast bar, engineered hardwood floors, and a cozy fireplace - perfect for everyday living. One of the standout features? A spacious screened-in porch with slate flooring, ceiling fans, and a TV setup—an ideal private retreat for relaxing or watching the game.Upstairs, the generous primary suite boasts a garden tub, separate shower,and walk-in closet. The two secondary bedrooms also feature walk-in closets, with one having direct access to the second full bath. The bonus loft could easily be utilized as a home office, playroom, or cozy lounge.Tucked away in a tiny section of the larger neighborhood this townhome is available to primary residents only offering a low-maintenance lifestyle, in a fantastic location.**Lender Incentive Available!** Contact our preferred lender, Ashley Luster with U Mortgage, to qualify for 1% of your loan amount in concessions 336-404-1799

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$25
Rental Policy
daily
Yearly Taxes
$2901
Bedrooms
3
Bathrooms
3
SQFT
1,831
Furnished
N/A
Year built
2006
Listing Status
Active
MLS
10085331

Short-term Rental Potential
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$38,112

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$184

Price/SQFT

Long-term Rental Potential
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$20,988

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,749/mo

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