BNBCalc.com Investment Analysis Report of 3420 Promenade Dr

3 bed • 1 bath • 9 guests • $271,000

BNB

Calc

Return Metrics

-0.95% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

-0.95%

Cap Rate

6.49%

Return on Investment

14.33%

Annual Revenue

$35,958

AirDNA projects $179/night at 55% occupancy ($35,958). Airbtics projects $194/night at 58% occupancy ($41,097). Airbtics predicts this property will perform in the 49% revenue percentile

Revenue Percentile

Percentiles25%50%75%90%
Revenue$20,634$31,791$59,863$108,538
Occupancy45%58%70%79%
Nightly Rate$119$143$224$364

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Casa on Kenesaw
$26,331
$98
64%
3291$125❌❌❌N / Y⭐️ 4.7 (80)Profile

B

Charming Tri-Level Cottage with Outdoor Serenity!
$44,254
$137
82%
32142$200❌❌✅N / Y⭐️ 4.8 (83)Profile

C

Southern Hospitality! Best location close to UK!
$21,417
$124
46%
3251$30❌❌❌N / Y⭐️ 5 (116)Profile

D

Super Clean 3BR getaway - *King Bed* and Snacks!
$35,270
$117
79%
3262$75❌❌✅N / Y⭐️ 5 (173)Profile

E

Spacious Lexington Townhouse
$42,944
$139
77%
3362$125❌❌❌N / Y⭐️ 4.8 (243)Profile

Operating Expenses

Monthly Expenses

$1,530

Annual Expenses

$18,355

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,000

Property Insurance

$150

HOA

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$300

Management & Platform Fees

$90

Platform Fee (i.e. Airbnb)

$90

Property Manager Fee

$0

Mortgage & Taxes

Monthly Mortgage & Tax

$1,523

Annual Mortgage & Tax

$18,276

Downpayment

Purchase Price

$271,000

Percent Down

20%

Total Downpayment

$54,200

Total Loan Amount

$216,800

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

6%

Monthly Loan Payment

$1,300

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$224

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

6,382 sqft

Year built:

1989

Size:

1,316 sqft

Type:

SFR

Parking:

-

Heating:

CENTRAL

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
1609 Claywood Ct321,3477,8321988$178,0000
3977 Rapid Run Dr-29623,3581993$1,923,0760
3965 Rapid Run Dr-29623,3581993$576,9230
3969 Rapid Run Dr-21,1443,3581993$576,9230
3396 Colonnade Dr311,2647,8321989$162,000109
1628 Claywood Ct321,2786,3821988$256,00038
1392 Deer Lake Cir221,2807,0961984$155,00054
3537 Buckhorn Dr312,2147,1741980$185,00060
3457 Colonnade Dr321,3476,3821989$250,0000
1433 Hartland Woods Way221,0082,0081994$175,00037

Property Details

  • MLS Status: property-details-mls-status-active
  • Property Use: Single Family Residence
  • Stories: 1
  • Lot size:6,382 sqft
  • Building area: 1,316 sqft
  • Garage: -
  • Heating: Central
  • Pool: No
  • Fireplaces: 1
  • Basement: No basement

Lot Info

  • Zoning: R-4
  • Land Use: Residential
  • Parcel Number: 10042780
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $145,000
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -

  • Market Estimate: -

Sale history

DateSale Price% FinancedBuyer
Invalid Date$145,0000%Peyton M Vickery

Ownership

  • Name: Peyton M Vickery
  • Owner Occupied: No
  • Owner Mailing Address: 3420 Promenade Dr, Lexington, Ky 40515
  • Years Owned: 51
  • Home Equity: $191,764
  • Mortgage Balance Remaining: $35,536
  • 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

$12,862

Deductible property tax

$2,683

Est. Depreciation Value

$130,093

Profit on this property

$17,604

Your total deduction

$128,034

So, your new taxable income is your previous income minus your total deduction ($150,000 - $128,034)

$21,966

Your old tax bill

$45,000

Your new tax bill

$6,590

Estimated tax savings

$38,410

property-location

3420 Promenade Dr Lexington, Kentucky, 40515-5896

3 bed • 1 bath • 9 guests

Purchase Price

Est. $1,300/mo

Agent

This property is for sale!

Contact Test

Agent at BNB

$35,958

Annual Revenue

BNBCalc predicts this property will get $194 per night with 58% occupancy, putting it in the top 49% 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

Sign up to see the data on 40 all comparables

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

-0.95%

Cap Rate

6.49%

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

$12,862

Deductible property tax

$2,683

Your total deduction

$39,352

Your adjusted annual income

$150,000 - $39,352 = $110,648

Taxes on $110,648 (30%)

$33,194

Your old tax bill

$45,000

Your new tax bill

$33,194

Estimated tax savings

$11,806

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