BNBCalc.com Investment Analysis Report of 208 London Rd

3 bed • 1 bath • 9 guests • $221,200

BNB

Calc

Return Metrics

43.42% 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

43.42%

Cap Rate

18.35%

Return on Investment

58.32%

Annual Revenue

$62,384

AirDNA projects $244/night at 70% occupancy ($62,383). Airbtics projects $249/night at 65% occupancy ($59,114). Airbtics predicts this property will perform in the 47% revenue percentile

Revenue Percentile

Percentiles25%50%75%90%
Revenue$36,330$60,428$86,010$115,079
Occupancy56%62%71%83%
Nightly Rate$165$250$307$356

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Bright & Spacious New Net-Zero Home Near Biltmore
$53,723
$194
68%
3361$160❌❌❌N / Y⭐️ 5 (115)Profile

B

Perfect vacation home 1
$36,781
$166
57%
3263$165❌❌❌N / Y⭐️ 5 (43)Profile

C

2 King 1 Queen, Treehouse deck, 10 min to downtown
$57,012
$182
83%
3262$95❌❌❌N / Y⭐️ 5 (146)Profile

D

Nanny's Place! HOT TUB and 2 fire pits!
$56,046
$142
96%
32102$120❌✅❌N / Y⭐️ 4.9 (590)Profile

E

Asheville Mountain Haven
$27,058
$113
56%
3372$228❌❌❌N / Y⭐️ 5 (49)Profile

Operating Expenses

Monthly Expenses

$1,816

Annual Expenses

$21,790

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,220

Property Insurance

$150

HOA

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$520

Management & Platform Fees

$156

Platform Fee (i.e. Airbnb)

$156

Property Manager Fee

$0

Mortgage & Taxes

Monthly Mortgage & Tax

$1,243

Annual Mortgage & Tax

$14,916

Downpayment

Purchase Price

$221,200

Percent Down

20%

Total Downpayment

$44,240

Total Loan Amount

$176,960

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

6%

Monthly Loan Payment

$1,061

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$182

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

12,632 sqft

Year built:

1955

Size:

1,307 sqft

Type:

SFR

Parking:

-

Heating:

YES

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
941 W Chapel Rd321,3205,2272022$386,00040
72 Shiloh Rd331,3201,3072016$383,00035
416 London Rd311,94615,2461957$00
3 High Meadow Rd311,92010,8901971$00
6 Blalock Ave3172012,1971960$112,5000
255 Brooklyn Rd321,37616,5532016$485,00038
33 Robinson Ave218508,2761940$317,00032
24 Winding Rd221,1527,4051982$420,00025
811 Reed St241,84211,3261990$365,0000
311 London Rd321,2407,8412009$367,00033

Property Details

  • MLS Status: property-details-mls-status-active
  • Property Use: Single Family Residential
  • Stories: 1
  • Lot size:12,632 sqft
  • Building area: 1,307 sqft
  • Garage: -
  • Heating: Yes
  • Pool: No
  • Fireplaces: 0
  • Basement: No basement

Lot Info

  • Zoning: RS8
  • Land Use: Residential
  • Parcel Number: 9647-97-2525-00000
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $165,800
  • County Est. Land Value: $45,700
  • Assessed Land Value: -
  • County Est. Structure Value: $120,100

  • Market Estimate: -

Ownership

  • Name: Robert L Salters
  • Owner Occupied: No
  • Owner Mailing Address: 211 S Beaumont St, Asheville, Nc 28801
  • Years Owned: 61
  • Home Equity: -
  • Mortgage Balance Remaining: $0
  • Financed amount: -
  • Owner Type: Investor
  • Lien: N/A
  • Inherited: N/A
  • 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

$10,498

Deductible property tax

$2,190

Est. Depreciation Value

$110,068

Profit on this property

$40,594

Your total deduction

$82,162

So, your new taxable income is your previous income minus your total deduction ($150,000 - $82,162)

$67,838

Your old tax bill

$45,000

Your new tax bill

$20,351

Estimated tax savings

$24,649

property-location

208 London Rd Asheville, North Carolina, 28803-2709

3 bed • 1 bath • 9 guests

Purchase Price

Est. $1,061/mo

Agent

This property is for sale!

Contact Test

Agent at BNB

$62,384

Annual Revenue

BNBCalc predicts this property will get $249 per night with 65% occupancy, putting it in the top 47% 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

43.42%

Cap Rate

18.35%

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

$10,498

Deductible property tax

$2,190

Your total deduction

$7,116

Your adjusted annual income

$150,000 - $7,116 = $142,884

Taxes on $142,884 (30%)

$42,865

Your old tax bill

$45,000

Your new tax bill

$42,865

Estimated tax savings

$2,135

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