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:

3%

Revenue Appreciation:

0%

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

Revenue Percentile

Percentiles25%50%75%90%
Revenue$38,536$64,185$96,933$134,380
Occupancy50%58%74%85%
Nightly Rate$203$292$343$414

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Inviting Norfolk Family Retreat: 1 Block to Beach!
$83,391
$413
52%
3462$207❌❌❌N / Y⭐️ 4.8 (27)Profile

B

Manor and Mutts #2
$37,798
$242
37%
3281$190❌❌✅N / Y⭐️ 3.8 (14)Profile

C

Beachfront Bungalow; Amazing views (3bdrm, 2 bath)
$103,018
$379
73%
3286$120❌❌❌N / Y⭐️ 5 (171)Profile

D

Walk to Beach, Park, Restaurants | Family Friendly
$85,586
$277
77%
3261$220❌❌❌N / Y⭐️ 4.8 (60)Profile

E

Beachfront Getaway, Pet Friendly, Mermaid Suite
$105,380
$348
80%
3263$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

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$340

Management & Platform Fees

$102

Platform Fee (i.e. Airbnb)

$102

Property Manager Fee

$0

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

6%

Monthly Loan Payment

$1,153

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$198

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

4,979 sqft

Year built:

1929

Size:

942 sqft

Type:

SFR

Parking:

1

Heating:

CENTRAL

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
142 Rogers Ave218894,5001942$199,90033
533 Beechwood Ave221,3316,4341941$229,0000
307 Beechwood Ave318844,9401940$274,90040
306 Rogers Ave311,0185,9981963$140,0000
230 Forrest Ave421,8048,4161925$351,575326
120 Forrest Ave321,1683,3061918$253,00032
329 Beechwood Ave218634,9701940$110,0000
233 Forrest Ave321,2064,3431930$265,00020
422 Glendale Ave221,0585,7801941$270,00024
527 Glendale Ave231,5166,5991916$225,00039

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: 320 sqft
  • Heating: Central
  • Pool: No
  • Fireplaces: 0
  • Basement: No basement

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

DateSale Price% FinancedBuyer
02/28/24$112,500129%Quality Capital Management Llc
09/10/18$120,00095%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

$115,954

Profit on this property

$21,820

Your total deduction

$107,917

So, your new taxable income is your previous income minus your total deduction ($150,000 - $107,917)

$42,083

Your old tax bill

$45,000

Your new tax bill

$12,625

Estimated tax savings

$32,375

property-location

121 Forrest Ave Norfolk, Virginia, 23505-1116

3 bed • 1 bath • 9 guests

Purchase Price

Est. $1,153/mo

Agent

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

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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

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Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

8.84%

Cap Rate

9.08%

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

$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

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