121 Forrest Ave Norfolk, Virginia, 23505-1116
3 bed β’ 1 bath β’ 9 guests β’ $240,300
Annual Revenue
$40,805
Profit (Cash Flow)
$5,620
Cap Rate
9.1%
Annual Revenue
This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
AirDNA projects $228/night at 49% occupancy ($40,805) Airbtics projects $282/night at 61% occupancy ($62,829)
Occupancy Rate
Avg Daily Rate
Revenue Percentile
$40,805
$40,805
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Airbnb Comparables
Identify comparable properties to benchmark against. Then adjust your nightly rates and occupancy rates accordingly.
Revenue/yr
$0k
$100k
$195k
$300k
Airbnb name | Revenue | Rate Per Night | Occupancy | Beds | Baths | Guests | Min nights | Cleaning | Pool | Hot Tub | Pets | Washer / Dryer | Reviews | Host |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$83,391 | $413 | 52% | 3 | 4 | 6 | 2 | $207 | β | β | β | Yes / Yes | βοΈ 4.8 (27) | Profile | |
$37,798 | $242 | 37% | 3 | 2 | 8 | 1 | $190 | β | β | β | Yes / Yes | βοΈ 3.8 (14) | Profile | |
$103,018 | $379 | 73% | 3 | 2 | 8 | 6 | $120 | β | β | β | Yes / Yes | βοΈ 5 (171) | Profile | |
$85,586 | $277 | 77% | 3 | 2 | 6 | 1 | $220 | β | β | β | Yes / Yes | βοΈ 4.8 (60) | Profile | |
$105,380 | $348 | 80% | 3 | 2 | 6 | 3 | $200 | β | β | β | Yes / Yes | βοΈ 5 (74) | Profile |
Return Metrics
8.84% cash on cash return is a solid return over the next 1 year.
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
8.84%
Cap Rate
9.08%
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 estimated deduction will be...
Deductible mortgage interest
$11,405
Deductible property tax
$2,379
Your total deduction
$28,863
Your adjusted annual income
$150,000 - $28,863 = $121,137
Taxes on $121,137 (30%)
$36,341
Your old tax bill
$45,000
Your new tax bill
$36,341
Estimated tax savings
$8,659
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