1212 Jackson Street, Durham, North Carolina, USA, USA

Modern Farmhouse 5 bedroom, 4 bathroom, less than five minutes from downtown Durham and Duke Gardens! This home was rented out by owner as a short term rental on Airbnb and Vrbo.
Occupancy is low since its owner managed.
Could easily increase revenues with increased occupancy through a property management company!

Revenue (includes cleaning fees): $33,053.00

Expenses: 7998.00

Property Tax: 5598

Maintenance & Utilities: 2400

Cap Rate: 3.5%

Gross Yield: 4.7%

Annual Occupancy Rate: 32%