BNBCalc.com Investment Analysis Report of 2627 Concord St

2 bed • 2 bath • 6 guests • $459,000

BNB

Calc

Return Metrics

-14.66% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-14.66%

Cap Rate

3.16%

Return on Investment

1.64%

Annual Revenue

$32,415

AirDNA projects $125/night at 71% occupancy ($32,415). Airbtics projects $113/night at 75% occupancy ($30,954). Airbtics predicts this property will perform in the 47% revenue percentile

Revenue Percentile

Percentiles	25%	50%	75%	90%
Revenue	$21,648	$28,629	$41,962	$60,553
Occupancy	70%	74%	84%	91%
Nightly Rate	$82	$101	$130	$171

Seasonality (Profits By Month)

Airbnb Comparables

Airbnb name	Revenue	Rate Per Night	Occupancy	Beds	Baths	Guests	Night	Cleaning	Pool	H.Tub	Pets	W/D	Reviews	Host
A Urban Casita! Cozy 2 Kings\|BBQ\|Fire Pit\|Scenic	$28,122	$86	76%	2	1	6	1	$175	❌	❌	❌	N / Y	⭐️ 5 (43)	Profile
B Urban Reprieve! King Bed, BBQ, Fire Pit & Views	$51,931	$159	82%	2	1	6	1	$175	❌	❌	❌	N / Y	⭐️ 4.9 (22)	Profile
C Boho-Chic Home: 2 bedroom Near Downtown	$24,741	$74	85%	2	1	4	1	$90	❌	❌	❌	N / Y	⭐️ 4.7 (341)	Profile
D Creek's Edge Apt & Big Mtn Views rare for downtown	$32,123	$110	78%	2	1	4	1	$30	❌	❌	❌	N / Y	⭐️ 4.9 (354)	Profile
E Colorado Holiday Escape•Spa Bath•King Bed•Magical	$31,020	$129	63%	2	1	4	1	$75	❌	❌	✅	N / Y	⭐️ 5 (105)	Profile

Operating Expenses

Monthly Expenses

$1,491

Annual Expenses

$17,894

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$970

Property Insurance

$150

HOA

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

Other

Cleaning Cost

$270

Management & Platform Fees

$81

Platform Fee (i.e. Airbnb)

$81

Property Manager Fee

Mortgage & Taxes

Monthly Mortgage & Tax

$2,580

Annual Mortgage & Tax

$30,960

Downpayment

Purchase Price

$459,000

Percent Down

20%

Total Downpayment

$91,800

Total Loan Amount

$367,200

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

Monthly Loan Payment

$2,202

Property Tax Yearly

0.99%

Property Tax Monthly

$379

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

15,000 sqft

Year built:

1909

Size:

2,440 sqft

Type:

SFR

Parking:

Heating:

Floor/Wall

Sold Comparables

Address	Beds	Baths	Square Feet	Lot Size	Year Built	Last Sale
2603 Concord St	2	1	1,264	10,324	1947	$0
2517 N Chestnut St	3	1.5	1,598	4,930	1969	$0
3025 N Institute St	4	1	1,512	6,443	1954	$326,000
903 Carlisle St	4	2	1,702	6,300	1954	$365,000
905 Carlisle St	3	1.5	1,756	6,300	1955	$358,000
906 E La Salle St	2	1	1,120	7,680	1949	$0
2819 N Cascade Ave	3	2	1,558	7,075	1909	$462,500
2350 Wood Ave	2	1.5	1,576	4,200	1992	$0
2372 Wood Ave	2	1.5	1,520	2,995	1982	$585,750
40 Sunflower Rd	2	1	1,080	9,944	1920	$0

Property Details

MLS Status: property-details-mls-status-active

Property Use: Single Family Residence

Stories: 1

Lot size:15,000 sqft

Building area: 2,440 sqft

Garage: 1,480 sqft

Heating: Floor/wall

Pool: No

Fireplaces:

Basement: No basement

Lot Info

Zoning: R5

Land Use: Residential

Parcel Number: 6331328002

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $22,600

County Est. Land Value: $72,600

Assessed Land Value: $4,860

County Est. Structure Value: $264,713

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
06/05/24	$330,000	132%	Goldfinn Development Llc
03/08/22	$0	0%	Arliss Dean Gandy
03/01/19	$0	0%	Davidson Living Trust
07/26/01	$0	0%	John C Spengler, Susan D Spengler

Ownership

Name: Goldfinn Development Llc

Owner Occupied: No

Owner Mailing Address: 10751 Quail Creek Dr E, Parker, CO 80903

Years Owned: 5

Home Equity: $42,500

Mortgage Balance Remaining: $437,500

Financed amount: -

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

$21,785

Deductible property tax

$4,544

Est. Depreciation Value

$239,719

Profit on this property

$14,521

Your total deduction

$251,526

So, your new taxable income is your previous income minus your total deduction ($150,000 - $251,526)

-$101,526

Your old tax bill

$45,000

Your new tax bill

-$30,458

Estimated tax savings

$75,458

2627 Concord St Colorado Springs, Colorado, 80907

2 bed • 2 bath • 6 guests

Purchase Price

Est. $2,202/mo

This property is for sale!

Contact Agent

$32,415

Annual Revenue

BNBCalc predicts this property will get $113 per night with 75% 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

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

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-14.66%

Cap Rate

3.16%

Return on Investment

1.64%

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

$21,785

Deductible property tax

$4,544

Your total deduction

$88,221

Your adjusted annual income

$150,000 - $88,221 = $61,779

Taxes on $61,779 (30%)

$18,534

Your old tax bill

$45,000

Your new tax bill

$18,534

Estimated tax savings

$26,466

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