5721 Timber Ridge Dr Raleigh, NC, 27609
4 bed • 2 bath • 12 guests
Est. $2,398/mo
This property is for sale!
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Airbnb Investor Score
$2,925
Annual Profit
7.3%
Cap Rate
2.3%
Cash on Cash
$57,855
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $305/night at 48% occupancy.Projected nightly rate is $264/night at 60% occupancy.
Top 51% of comparables
Top 46% of comparables
Seasonality
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$59,583
Avg annual revenue
60%
Avg occupancy rate
$264
Avg nightly rate
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Revenue per year
$20k
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$2,925
Profit
Revenue
$57,855
Operating Expenses
$21,201
Operating Income
$36,654
Mortgage & Taxes
$33,728
Profit (Cash Flow)
$2,925
$125,500
Cash Investment
Down Payment
$100,000
Renos & Furnishing
$10,500
Closing Costs
$15,000
Total
$125,500
DSCR Ratio
Acceptable
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
2.33%
Cap Rate
7.33%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$23,731
Deductible property tax
$4,950
Your total deduction
$38,701
Your adjusted annual income
$150,000 - $38,701 = $111,299
Taxes on $111,299 (30%)
$33,390
Your old tax bill
$45,000
Your new tax bill
$33,390
Estimated tax savings
$11,610
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
11,326 sqft
Year built:
1972
Size:
2,425 sqft
Type:
SFR
Parking:
-
Heating:
Central
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 5825 Timber Ridge Dr | - | 3 | 2,091 | - | 15,682 | 1972 | $0 | - |
| 5712 Old Forge Cir | 3 | 2 | 2,388 | - | 15,246 | 1972 | $565,000 | - |
| 5317 Fireside Dr | 4 | 2 | 2,563 | - | 16,553 | 1966 | $727,000 | - |
| 5709 Partridge Ln | - | 2 | 1,826 | - | 13,068 | 1973 | $650,000 | - |
| 5343 Topspin Ct | 3 | 2 | 1,846 | - | 12,197 | 2017 | $655,000 | - |
| 2001 Quail Ridge Rd | 4 | 2 | 2,272 | - | 14,375 | 1972 | $375,000 | - |
| 1921 Quail Ridge Rd | - | 2 | 2,042 | - | 13,939 | 1972 | $350,000 | - |
| 2020 Quail Ridge Rd | - | 3 | 3,724 | - | 13,504 | 1975 | $0 | - |
| 1101 Paddock Dr | 4 | 3 | 1,752 | - | 13,504 | 1972 | $561,000 | - |
| 2117 Quail Ridge Rd | 4 | 2 | 1,623 | - | 13,068 | 1983 | $650,000 | - |
Property Details
- MLS Status: Active
- Property Use: Single Family Residence
- Stories: 2
- Lot size: 11,326 sqft
- Building area: 2,425 sqft
- Garage: No
- Heating: Central
- Pool: No
- Fireplaces: 1
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: R-4
- Land Use: Residential
- Parcel Number: 1716.07-77-0790 0003807
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $472,470
- County Est. Land Value: $200,000
- Assessed Land Value: $200,000
- County Est. Structure Value: $272,470
Market Estimate: -
Ownership
- Name: Manly Hudson
- Owner Occupied: Yes
- Owner Mailing Address: 5721 Timber Ridge Dr, Raleigh, NC 27609
- Years Owned: 0
- Home Equity: $178,500
- Mortgage Balance Remaining: $302,500
- Financed amount: -
- Owner Type: Individual
- Lien: N/A
- Inherited: N/A
- Foreclosure: No
Schools
- Elementary School: Millbrook Elementary School with 2/10 star rating
- Middle School: East Millbrook Middle with 3/10 star rating
- High School: Millbrook High with 6/10 star rating