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BNBCalc Short Term Rental Investment Analysis 237 Wilson Lake Rd

6 bed • 6 bath • 18 guests • $1,939,200

BNB

Calc

Report by:

zach@azure-luxe.com

Annual Revenue

$171,321

Profit (Cash Flow)

$4,557

Cap Rate

7.0%

Annual Revenue

$171,321

AirDNA projects $998/night at 47% occupancy ($171,321). Airbtics projects $944/night at 52% occupancy ($179,290). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 47% occupancy rate, $998 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles25%50%75%90%
Revenue$104,695$172,075$269,689$363,213
Occupancy42%52%61%64%
Nightly Rate$644$860$1,161$1,502

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Sleeps 15 - Lake Norman Getaway with Hot Tub
$203,815
$943
55%
732$575❌❌✅Y / Y⭐️ 4.9 (51)
Lake Escape by AvantStay | Lakefront, Private Dock
$199,107
$1,234
41%
751$475✅❌✅Y / Y⭐️ 4.8 (22)
Lakefront w/ Beach, Dock, Game Room Firepit Kayaks
$140,497
$558
64%
652$400❌❌❌Y / Y⭐️ 5 (36)
Relax and Unwind - Amazing Amenities
$207,870
$870
63%
741$554❌❌✅Y / Y⭐️ 5 (11)
"Location, Location, Location" on Lake Norman, NC
$229,207
$844
72%
643$300❌❌❌Y / Y⭐️ 5 (82)
Beautiful, Modern Home w Pool and Great Amenities!
$334,270
$1,514
58%
771$699✅✅✅Y / Y⭐️ 5 (12)
Flip Flop Therapy by AvantStay | Theater + Games
$96,108
$553
41%
6531$510✅❌❌Y / Y⭐️ 5 (7)
Lake Norman Waterfront Home with Panoramic Views
$110,771
$578
50%
643$400❌❌✅Y / Y⭐️ 5 (14)
New Lake House with dock & Beach
$144,191
$850
46%
643$375❌❌✅Y / Y⭐️ 5 (2)
Bliss on Greenbay - Brand New Luxury Waterfront Home on Lake Norman
$214,252
$1,501
39%
751$0❌❌❌Y / Y⭐️ 5 (2)

Return Metrics

0.98% cash on cash return is a fair return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$4,557$9,114$13,671$18,229$22,786$45,572$136,717
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$19,050$39,276$60,750$83,547$107,751$253,093$1,551,360
Down Payment$387,840$387,840$387,840$387,840$387,840$387,840$387,840
Property Appreciation$58,176$118,097$179,816$243,386$308,864$666,922$2,767,747
Total Return$469,624$554,328$642,078$733,003$827,242$1,353,428$4,843,664

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

0.98%

Cap Rate

6.98%

Return on Investment

17.72%

property-location

237 Wilson Lake Rd Mooresville, North Carolina, 28117-8469

6 bed • 6 bath • 18 guests

Est. $9,301/mo

Agent

This property is for sale!

Contact Agent

$171,321

Annual Revenue

BNBCalc predicts this property will get $944 per night with 52% occupancy, putting it in the top 48% revenue percentile compared to similar properties nearby.

Top 61% of comparables

Top 31% of comparables


Seasonality

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10

Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$188,008

Avg annual revenue

52%

Avg occupancy rate

$944

Avg nightly rate


🏊‍♂️ Pool
🛁 Hot tub
🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$95k

$175k

$250k

$335k

Sign up to see the data on 10 all comparables

$4,557

Profit

Revenue

$171,321

Operating Expenses

$35,952

Operating Income

$135,370

Mortgage & Taxes

$130,812

Profit (Cash Flow)

$4,557

$461,516

Cash Investment

Down Payment

$387,840

Renos & Furnishing

$15,500

Closing Costs

$58,176

Total

$461,516

DSCR Ratio

Acceptable

1.03

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

0.98%

Cap Rate

6.98%

Profit (Cummulative)

$4,557

$19,051

$15,500

$58,176

$0

Total Gain

$81,784

STR 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

$92,036

Deductible property tax

$19,198

Your total deduction

$232,033

Your adjusted annual income

$150,000 - $232,033 = -$82,033


Taxes on -$82,033 (30%)

-$24,610

Your old tax bill

$45,000

Your new tax bill

-$24,610


Estimated tax savings

$69,610

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:

29,185 sqft

Year built:

2008

Size:

9,140 sqft

Type:

SFR

Parking:

2

Heating:

HEAT PUMP

Sold Comparables


Property Details

  • MLS Status: Active
  • Property Use: Single Family Residence
  • Stories: 2
  • Lot size: 29,185 sqft
  • Building area: 9,140 sqft
  • Garage: Yes
  • Heating: Heat pump
  • Pool: No
  • Fireplaces: 0
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: RLS
  • Land Use: Residential
  • Parcel Number: 4638-82-6474.000
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $1,296,680
  • County Est. Land Value: $210,000
  • Assessed Land Value: $210,000
  • County Est. Structure Value: $1,086,680
  • Market Estimate: $1,239,446


Sale history

DateSale Price% FinancedBuyer
04/19/21$1,075,00042%Ronald Brian Johnson, Susan White Johnson
07/23/14$812,00078%Genzman,Dean A & Nanette M
06/19/08$00%Dharmen S Shah, Dipal D Shah
02/12/08$313,78979%Dharmen S Shah, Dipal D Shah

Ownership

  • Name: Ronald Brian Johnson
  • Owner Occupied: Yes
  • Owner Mailing Address: 237 Wilson Lake Rd, Mooresville, Nc 28117
  • Years Owned: 36
  • Home Equity: $822,000
  • Mortgage Balance Remaining: $453,000
  • Financed amount: 79%
  • Owner Type: Individual
  • Lien: No
  • Inherited: No
  • Foreclosure: No

Schools

  • Elementary School: Lakeshore Elementary School with 7/10 star rating
  • Middle School: Lakeshore Middle School with 5/10 star rating
  • High School: Lake Norman High School with 8/10 star rating