BNBCalc.com Investment Analysis Report of 1478 S Willett St

3 bed • 1 bath • 9 guests • $65,200

BNB

Calc

Return Metrics

87.87% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

87.87%

Cap Rate

38.06%

Return on Investment

99.04%

Annual Revenue

$44,253

AirDNA projects $233/night at 52% occupancy ($44,252). Airbtics projects $183/night at 58% occupancy ($38,766). Airbtics predicts this property will perform in the 48% revenue percentile

Revenue Percentile

Percentiles25%50%75%90%
Revenue$24,589$35,427$52,447$83,073
Occupancy49%55%69%78%
Nightly Rate$130$166$195$276

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

NEW DECK Updated Designer Historic PRIME Location
$35,135
$182
49%
3263$99❌❌✅N / Y⭐️ 5 (98)Profile

B

Dynamite Cooper Young craftsman
$32,006
$105
80%
32530$60❌❌✅N / Y⭐️ 4.8 (266)Profile

C

Luxury + Spacious 3BR Midtown home with LARGE yard
$56,849
$156
93%
32102$155❌❌✅N / Y⭐️ 5 (104)Profile

D

Midtown Manor | PettigrewAdventures | Cooper Young
$38,555
$276
36%
32101$165❌❌✅N / Y⭐️ 5 (24)Profile

E

3BR Midtown Gem: Big Yard, Near Top Dining
$44,865
$149
80%
3292$160❌❌✅N / Y⭐️ 4.9 (80)Profile

Operating Expenses

Monthly Expenses

$1,619

Annual Expenses

$19,433

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,069

Property Insurance

$150

HOA

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$369

Management & Platform Fees

$111

Platform Fee (i.e. Airbnb)

$111

Property Manager Fee

$0

Mortgage & Taxes

Monthly Mortgage & Tax

$366

Annual Mortgage & Tax

$4,392

Downpayment

Purchase Price

$65,200

Percent Down

20%

Total Downpayment

$13,040

Total Loan Amount

$52,160

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

6%

Monthly Loan Payment

$313

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$54

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

5,968 sqft

Year built:

1924

Size:

1,316 sqft

Type:

SFR

Parking:

-

Heating:

CENTRAL

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
1396 Silver St321,1796,4901955$55,0000
1523 Doris Ave311,00811,5871951$90,00045
1360 Gold Ave217965,2711930$225,0000
1359 S Parkway E321,2397,2751936$79,000117
1561 Wilson St311,2226,4901946$32,5000
1930 E Mclemore Ave3107,1871917$0136
1497 S Mclean Blvd321,4016,1421956$105,00089
1681 Rayner St218729,8011953$24,7500
1374 Quinn Ave217956,9701923$14,0000
1356 Quinn Ave219906,9701927$11,0000

Property Details

  • MLS Status: property-details-mls-status-active
  • Property Use: Single Family Residence
  • Stories: 1
  • Lot size:5,968 sqft
  • Building area: 1,316 sqft
  • Garage: -
  • Heating: Central
  • Pool: No
  • Fireplaces: 2
  • Basement: No basement

Lot Info

  • Zoning: RU-1
  • Land Use: Residential
  • Parcel Number: 048-031- - -00022
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $11,850
  • County Est. Land Value: $3,400
  • Assessed Land Value: $850
  • County Est. Structure Value: $44,000

  • Market Estimate: -

Sale history

DateSale Price% FinancedBuyer
08/13/21$49,0000%Hesham Habib
08/15/18$36,5000%Sharon Daniels
10/11/17$22,00095%Perry Martin Jr.
10/16/09$00%King Air Partners Llc
08/28/09$13,0000%Elizabeth Jeffett
04/20/09$69,3320%Hud-Housing Of Urban Dev
Invalid Date$62,000100%Tariq Madyun
Invalid Date$18,000105%Memphis Investment Props Llc
03/04/05$19,0000%Citifinancial Mortgage Co

Ownership

  • Name: Hesham Habib
  • Owner Occupied: No
  • Owner Mailing Address: 1051 Woodland Glen Dr, Cordova, Tn 38018
  • Years Owned: 36
  • Home Equity: -
  • Mortgage Balance Remaining: $0
  • Financed amount: -
  • Owner Type: Individual
  • 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

$3,094

Deductible property tax

$645

Est. Depreciation Value

$45,175

Profit on this property

$24,820

Your total deduction

$24,095

So, your new taxable income is your previous income minus your total deduction ($150,000 - $24,095)

$125,905

Your old tax bill

$45,000

Your new tax bill

$37,771

Estimated tax savings

$7,229

property-location

1478 S Willett St Memphis, Tennessee, 38106-5046

3 bed • 1 bath • 9 guests

Purchase Price

Est. $313/mo

Agent

This property is for sale!

Contact Test

Agent at BNB

$44,253

Annual Revenue

BNBCalc predicts this property will get $183 per night with 58% occupancy, putting it in the top 48% 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

87.87%

Cap Rate

38.06%

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

$3,094

Deductible property tax

$645

Your total deduction

-$6,766

Your adjusted annual income

$150,000 - -$6,766 = $156,766

Taxes on $156,766 (30%)

$47,030

Your old tax bill

$45,000

Your new tax bill

$47,030

Estimated tax savings

-$2,030

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