BNBCalc.com Investment Analysis Report of 121 Forrest Ave

3 bed • 1 bath • 9 guests • $240,300

BNB

Calc

Return Metrics

8.84% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

8.84%

Cap Rate

9.08%

Return on Investment

23.91%

Annual Revenue

$40,805

AirDNA projects $228/night at 49% occupancy ($40,805). Airbtics projects $282/night at 61% occupancy ($62,829). Airbtics predicts this property will perform in the 46% revenue percentile

User selected values for this report: 49% occupancy rate, $228 rate per night

Revenue Percentile

Percentiles	25%	50%	75%	90%
Revenue	$38,536	$64,185	$96,933	$134,380
Occupancy	50%	58%	74%	85%
Nightly Rate	$203	$292	$343	$414

Seasonality (Profits By Month)

Airbnb Comparables

Airbnb name	Revenue	Rate Per Night	Occupancy	Beds	Baths	Guests	Night	Cleaning	Pool	H.Tub	Pets	W/D	Reviews	Host
A Inviting Norfolk Family Retreat: 1 Block to Beach!	$83,391	$413	52%	3	4	6	2	$207	❌	❌	❌	N / Y	⭐️ 4.8 (27)	Profile
B Manor and Mutts #2	$37,798	$242	37%	3	2	8	1	$190	❌	❌	✅	N / Y	⭐️ 3.8 (14)	Profile
C Beachfront Bungalow; Amazing views (3bdrm, 2 bath)	$103,018	$379	73%	3	2	8	6	$120	❌	❌	❌	N / Y	⭐️ 5 (171)	Profile
D Walk to Beach, Park, Restaurants \| Family Friendly	$85,586	$277	77%	3	2	6	1	$220	❌	❌	❌	N / Y	⭐️ 4.8 (60)	Profile
E Beachfront Getaway, Pet Friendly, Mermaid Suite	$105,380	$348	80%	3	2	6	3	$200	❌	❌	✅	N / Y	⭐️ 5 (74)	Profile

Operating Expenses

Monthly Expenses

$1,582

Annual Expenses

$18,985

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,040

Property Insurance

$150

HOA

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

Other

Cleaning Cost

$340

Management & Platform Fees

$102

Platform Fee (i.e. Airbnb)

$102

Property Manager Fee

Mortgage & Taxes

Monthly Mortgage & Tax

$1,350

Annual Mortgage & Tax

$16,200

Downpayment

Purchase Price

$240,300

Percent Down

20%

Total Downpayment

$48,060

Total Loan Amount

$192,240

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

Monthly Loan Payment

$1,153

Property Tax Yearly

0.99%

Property Tax Monthly

$198

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

4,979 sqft

Year built:

1929

Size:

942 sqft

Type:

SFR

Parking:

Heating:

CENTRAL

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
142 Rogers Ave	2	1	889	-	4,500	1942	$199,900	33
533 Beechwood Ave	2	2	1,331	-	6,434	1941	$229,000	-
307 Beechwood Ave	3	1	884	-	4,940	1940	$274,900	40
306 Rogers Ave	3	1	1,018	-	5,998	1963	$140,000	-
230 Forrest Ave	4	2	1,804	-	8,416	1925	$351,575	326
120 Forrest Ave	3	2	1,168	-	3,306	1918	$253,000	32
329 Beechwood Ave	2	1	863	-	4,970	1940	$110,000	-
233 Forrest Ave	3	2	1,206	-	4,343	1930	$265,000	20
422 Glendale Ave	2	2	1,058	-	5,780	1941	$270,000	24
527 Glendale Ave	2	3	1,516	-	6,599	1916	$225,000	39

Property Details

MLS Status: property-details-mls-status-active

Property Use: Single Family Residence

Stories: 1

Lot size: 4,979 sqft

Building area: 942 sqft

Garage: Yes

Heating: Central

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: R-7

Land Use: Residential

Parcel Number: 20202400

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $138,200

County Est. Land Value: $42,000

Assessed Land Value: $42,000

County Est. Structure Value: $96,200

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
02/28/24	$112,500	129%	Quality Capital Management Llc
09/10/18	$120,000	95%	Sarah A Connors

Ownership

Name: Quality Capital Management Llc

Owner Occupied: No

Owner Mailing Address: 1277 Mozart Dr, Virginia Beach, Va 23454

Years Owned: 5

Home Equity: $38,200

Mortgage Balance Remaining: $62,000

Financed amount: 95%

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No

Tax Calculator (USA)

Tax Calculator (US Only)

Example Income

$150,000

Example Income Tax Rate

30%

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$11,405

Deductible property tax

$2,379

Est. Depreciation Value

$80,662

Profit on this property

$21,820

Your total deduction

$72,625

So, your new taxable income is your previous income minus your total deduction ($150,000 - $72,625)

$77,375

Your old tax bill

$45,000

Your new tax bill

$23,212

Estimated tax savings

$21,788

121 Forrest Ave Norfolk, Virginia, 23505-1116

3 bed • 1 bath • 9 guests

Purchase Price

Est. $1,153/mo

This property is for sale!

Contact Test

Agent at BNB

$40,805

Annual Revenue

BNBCalc predicts this property will get $282 per night with 61% occupancy, putting it in the top 46% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

40 Airbnb Comparables

Identify properties similar to yours in terms of amenities and interior design. Then adjust your Occupancy Rate and Average Daily Rate to match.

Revenue per year

$0k

$100k

$195k

$300k

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

8.84%

Cap Rate

9.08%

Return on Investment

23.91%

15 Long Term Rental Comparables

This property's projected long-term rent from Rentrange™ is $1,770/mo ($21,240/yr) and $-/mo from Zillow. Projected vacancy is -% and rent growth is $-/yr. View comparable long-term rentals below ranging from $1,480 to $2,070.

Name	Listed Rent	Sqft	Type	Beds	Baths	Listed on	Similarity	Distance
343 Rogers Ave	$1,600	920	Single Family	3	1	9/13	99.2%	0.34 mi
411 Glendale Ave	$1,650	1000	Single Family	3	1	3/28	99.0%	0.39 mi
7402 Gleneagles Rd	$1,795	1500	Multi-Family	3	1	3/14	96.9%	1.22 mi
1025 Baltimore St	$1,500	950	Condo	3	1	6/18	96.3%	1.51 mi
7714 Nesbitt Dr	$2,000	1100	Single Family	3	1	8/10	95.6%	1.78 mi

Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

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

$11,405

Deductible property tax

$2,379

Your total deduction

$18,275

Your adjusted annual income

$150,000 - $18,275 = $131,725

Taxes on $131,725 (30%)

$39,517

Your old tax bill

$45,000

Your new tax bill

$39,517

Estimated tax savings

$5,483

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

4,979 sqft

Year built:

1929

Size:

942 sqft

Type:

SFR

Parking:

Heating:

CENTRAL

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
142 Rogers Ave	2	1	889	-	4,500	1942	$199,900	33
533 Beechwood Ave	2	2	1,331	-	6,434	1941	$229,000	-
307 Beechwood Ave	3	1	884	-	4,940	1940	$274,900	40
306 Rogers Ave	3	1	1,018	-	5,998	1963	$140,000	-
230 Forrest Ave	4	2	1,804	-	8,416	1925	$351,575	326
120 Forrest Ave	3	2	1,168	-	3,306	1918	$253,000	32
329 Beechwood Ave	2	1	863	-	4,970	1940	$110,000	-
233 Forrest Ave	3	2	1,206	-	4,343	1930	$265,000	20
422 Glendale Ave	2	2	1,058	-	5,780	1941	$270,000	24
527 Glendale Ave	2	3	1,516	-	6,599	1916	$225,000	39

Property Details

MLS Status: property-details-mls-status-active

Property Use: Single Family Residence

Stories: 1

Lot size: 4,979 sqft

Building area: 942 sqft

Garage: Yes

Heating: Central

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: R-7

Land Use: Residential

Parcel Number: 20202400

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $138,200

County Est. Land Value: $42,000

Assessed Land Value: $42,000

County Est. Structure Value: $96,200

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
02/28/24	$112,500	129%	Quality Capital Management Llc
09/10/18	$120,000	95%	Sarah A Connors

Ownership

Name: Quality Capital Management Llc

Owner Occupied: No

Owner Mailing Address: 1277 Mozart Dr, Virginia Beach, Va 23454

Years Owned: 5

Home Equity: $38,200

Mortgage Balance Remaining: $62,000

Financed amount: 95%

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No