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BNBCalc Short Term Rental Investment Analysis 2383 N Park Blvd

7 bed β€’ 4 bath β€’ 14 guests β€’ $650,000

BNB

Calc

Report by:

SS Rishad

ss.rishadtoronto@gmail.com

Annual Revenue

$91,355

Profit (Cash Flow)

$21,952

Cap Rate

10.1%

Annual Revenue

$91,355

AirDNA projects $481/night at 52% occupancy ($91,354).

BNB Calc projects a 52% occupancy rate, $481 rate per night.

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


Return Metrics

13.18% cash on cash return is a good return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$21,951$43,903$65,855$87,806$109,758$219,517$658,552
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$6,385$13,165$20,362$28,004$36,117$84,834$520,000
Down Payment$130,000$130,000$130,000$130,000$130,000$130,000$130,000
Property Appreciation$19,500$39,585$60,272$81,580$103,528$223,545$927,720
Total Return$177,837$226,653$276,490$327,392$379,404$657,897$2,236,273

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

13.18%

Cap Rate

10.12%

Return on Investment

28.73%

property-location

2383 N Park Blvd Cleveland Heights, Ohio, 44106-3137

7 bed β€’ 4 bath β€’ 14 guests

Est. $3,118/mo

Agent

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$479,700

Zestimate

$91,355

Annual Revenue

Top 101% of comparables

Top 101% of comparables


00

Airbnb Comparables

Comparable data could not be found for this address

$0

Avg annual revenue

0%

Avg occupancy rate

$0

Avg nightly rate


πŸŠβ€β™‚οΈ Pool
πŸ› Hot tub
🐢 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$0k

$100k

$195k

$300k

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$21,952

Profit

Revenue

$91,355

Operating Expenses

$25,556

Operating Income

$65,799

Mortgage & Taxes

$43,847

Profit (Cash Flow)

$21,952

$166,500

Cash Investment

Down Payment

$130,000

Renos & Furnishing

$17,000

Closing Costs

$19,500

Total

$166,500

DSCR Ratio

Strong

1.50

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Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

13.18%

Cap Rate

10.12%

Profit (Cummulative)

$21,952

$6,386

$17,000

$19,500

$0

Total Gain

$47,837

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

$30,850

Deductible property tax

$6,435

Your total deduction

$51,884

Your adjusted annual income

$150,000 - $51,884 = $98,116


Taxes on $98,116 (30%)

$29,435

Your old tax bill

$45,000

Your new tax bill

$29,435


Estimated tax savings

$15,565

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:

19,672 sqft

Year built:

1910

Size:

6,191 sqft

Type:

MFR

Parking:

2

Heating:

Hot Water

Sold Comparables


Property Details

  • MLS Status: property-details-mls-status-cancelled
  • Property Use: Duplex (2 Units, Any Combination)
  • Stories: -
  • Lot size: 19,672 sqft
  • Building area: 6,191 sqft
  • Garage: Yes
  • Heating: Hot water
  • Pool: No
  • Fireplaces: 1
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: B
  • Land Use: Residential
  • Parcel Number: 685-25-026
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $129,780
  • County Est. Land Value: $84,400
  • Assessed Land Value: $29,540
  • County Est. Structure Value: $286,400
  • Market Estimate: -


Sale history

DateSale Price% FinancedBuyer
08/23/01$560,00032%Charlotte Thompson

Ownership

  • Name: Charlotte Thompson
  • Owner Occupied: No
  • Owner Mailing Address: 2345 Bellfield Ave, Cleveland, OH 44106
  • Years Owned: 280
  • Home Equity: $561,324
  • Mortgage Balance Remaining: $180,000
  • Financed amount: 32%
  • Owner Type: Investor
  • Lien: No
  • Inherited: No
  • Foreclosure: No