Investment Property at 7429 Ashbury Ct, Raleigh, NC 27615 - $29,484 Profit
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7429 Ashbury Ct, Raleigh, NC 27615

$299,900

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $124 per day and long-term for an average of $1,553 per month, based on similar listings in the area. Estimated short-term cap rate of 9.8%. Estimated long-term cap rate of -2.0%. Charming END UNIT Townhome in prime North Raleigh location! Less than 10 minutes to North Hills and Midtown. Convenient to Target, Whole Foods, restaurants and shops. Freshly painted interior. 2 spacious Bedrooms with ensuite Baths. Kitchen features granite countertops and ample cabinet space. Vaulted Family Room with fireplace. Deck is ideal for morning coffee or grilling/entertaining. Walk to community pool and tennis. Streets are private and maintained by the HOA

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$246
Rental Policy
daily
Yearly Taxes
$2389
Bedrooms
2
Bathrooms
2
SQFT
1,161
Furnished
N/A
Year built
1994
Listing Status
Active
MLS
10087277

Short-term Rental Potential
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$53,982

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$258

Price/SQFT

Long-term Rental Potential
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$18,636

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,553/mo

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