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:

Revenue Appreciation:

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

User selected values for this report: 55.00000000000001% occupancy rate, $179 rate per night

Revenue Percentile

Percentiles	25%	50%	75%	90%
Revenue	$20,634	$31,791	$59,863	$108,538
Occupancy	45%	58%	70%	79%
Nightly Rate	$119	$143	$224	$364

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 Casa on Kenesaw	$26,331	$98	64%	3	2	9	1	$125	❌	❌	❌	N / Y	⭐️ 4.7 (80)	Profile
B Charming Tri-Level Cottage with Outdoor Serenity!	$44,254	$137	82%	3	2	14	2	$200	❌	❌	✅	N / Y	⭐️ 4.8 (83)	Profile
C Southern Hospitality! Best location close to UK!	$21,417	$124	46%	3	2	5	1	$30	❌	❌	❌	N / Y	⭐️ 5 (116)	Profile
D Super Clean 3BR getaway - King Bed and Snacks!	$35,270	$117	79%	3	2	6	2	$75	❌	❌	✅	N / Y	⭐️ 5 (173)	Profile
E Spacious Lexington Townhouse	$42,944	$139	77%	3	3	6	2	$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

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

Other

Cleaning Cost

$300

Management & Platform Fees

$90

Platform Fee (i.e. Airbnb)

$90

Property Manager Fee

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

Monthly Loan Payment

$1,300

Property Tax Yearly

0.99%

Property Tax Monthly

$224

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

6,382 sqft

Year built:

1989

Size:

1,316 sqft

Type:

SFR

Parking:

Heating:

CENTRAL

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
1609 Claywood Ct	3	2	1,347	-	7,832	1988	$178,000	-
3977 Rapid Run Dr	-	2	962	-	3,358	1993	$1,923,076	-
3965 Rapid Run Dr	-	2	962	-	3,358	1993	$576,923	-
3969 Rapid Run Dr	-	2	1,144	-	3,358	1993	$576,923	-
3396 Colonnade Dr	3	1	1,264	-	7,832	1989	$162,000	109
1628 Claywood Ct	3	2	1,278	-	6,382	1988	$256,000	38
1392 Deer Lake Cir	2	2	1,280	-	7,096	1984	$155,000	54
3537 Buckhorn Dr	3	1	2,214	-	7,174	1980	$185,000	60
3457 Colonnade Dr	3	2	1,347	-	6,382	1989	$250,000	-
1433 Hartland Woods Way	2	2	1,008	-	2,008	1994	$175,000	37

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: No

Heating: Central

Pool: No

Fireplaces: 1

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

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

Date	Sale Price	% Financed	Buyer
Invalid Date	$145,000	0%	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

$90,503

Profit on this property

$17,604

Your total deduction

$88,444

So, your new taxable income is your previous income minus your total deduction ($150,000 - $88,444)

$61,556

Your old tax bill

$45,000

Your new tax bill

$18,467

Estimated tax savings

$26,533

3420 Promenade Dr Lexington, Kentucky, 40515-5896

3 bed • 1 bath • 9 guests

Purchase Price

Est. $1,300/mo

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

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

-0.95%

Cap Rate

6.49%

Return on Investment

14.33%

15 Long Term Rental Comparables

This property's projected long-term rent from Rentrange™ is $1,430/mo ($17,160/yr) and $-/mo from Zillow. Projected vacancy is -% and rent growth is $-/yr. View comparable long-term rentals below ranging from $1,360 to $1,510.

Name	Listed Rent	Sqft	Type	Beds	Baths	Listed on	Similarity	Distance
1504 Meadowview Dr	$1,400	1425	Single Family	3	1	8/22	99.5%	0.21 mi
1502 Summerhill Dr	$1,500	1101	Single Family	3	1	6/5	99.3%	0.29 mi
1504 Thames Dr	$1,350	975	Single Family	3	1	1/9	99.1%	0.33 mi
1552 Samara Glen Way	$1,450	1145	Single Family	3	1	8/22	99.1%	0.38 mi
3304 Oaklyn Ct	$1,350	1107	Single Family	3	1	5/9	99.0%	0.37 mi

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

$27,475

Your adjusted annual income

$150,000 - $27,475 = $122,525

Taxes on $122,525 (30%)

$36,757

Your old tax bill

$45,000

Your new tax bill

$36,757

Estimated tax savings

$8,243

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:

6,382 sqft

Year built:

1989

Size:

1,316 sqft

Type:

SFR

Parking:

Heating:

CENTRAL

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
1609 Claywood Ct	3	2	1,347	-	7,832	1988	$178,000	-
3977 Rapid Run Dr	-	2	962	-	3,358	1993	$1,923,076	-
3965 Rapid Run Dr	-	2	962	-	3,358	1993	$576,923	-
3969 Rapid Run Dr	-	2	1,144	-	3,358	1993	$576,923	-
3396 Colonnade Dr	3	1	1,264	-	7,832	1989	$162,000	109
1628 Claywood Ct	3	2	1,278	-	6,382	1988	$256,000	38
1392 Deer Lake Cir	2	2	1,280	-	7,096	1984	$155,000	54
3537 Buckhorn Dr	3	1	2,214	-	7,174	1980	$185,000	60
3457 Colonnade Dr	3	2	1,347	-	6,382	1989	$250,000	-
1433 Hartland Woods Way	2	2	1,008	-	2,008	1994	$175,000	37

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: No

Heating: Central

Pool: No

Fireplaces: 1

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

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

Date	Sale Price	% Financed	Buyer
Invalid Date	$145,000	0%	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