Off-Market Property at 2825 Alder Ridge Ln, Raleigh, NC 27603

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $189 per day and long-term for an average of $2,108 per month, based on similar listings in the area. Estimated short-term cap rate of 7.3%. Estimated long-term cap rate of -1.6%. Desirable 1.5 Story Transitional Home w/Garage, Driveway, Foyer, Covered Front Porch, Rear Deck, Main Floor Primary Bedroom, 2nd Floor Bonus Room, Family Room w/2nd Floor Overlook, and Storage Shed 2020. Roof 2018, HVAC updated in 2021 and Water Heater 2018. Refrigerator 2023, and Washer & Dryer convey. Cozy Kitchen & Dining Area w/Dishwasher 2023, Microwave, Range 2023, Breakfast/Snack Bar, Kitchen Sink, and Spacious Cabinets. Gas Fireplace, Ceiling Fans throughout, C02 Monitors, Laundry Closet, Garden Tub & Separate Shower, Carpet, Vinyl Plank, Crawlspace, Raised Plant Beds and Landscaped yard. Convenient to NC State area and Cary. Neighborhood Pool. Google Fiber available.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$36
Rental Policy
daily
Yearly Taxes
$3734
Bedrooms
3
Bathrooms
3
SQFT
1,829
Furnished
N/A
Year built
1998
Listing Status
Off Market
MLS
10086570

Short-term Rental Potential
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$64,404

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$240

Price/SQFT

Long-term Rental Potential
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$25,296

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,108/mo

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