BNBCalc.com Investment Analysis Report of 3762 W 128th St

4 bed • 2 bath • 12 guests • $203,000

BNB

Calc

Return Metrics

29.64% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

29.64%

Cap Rate

15.09%

Return on Investment

43.78%

Annual Revenue

$50,952

AirDNA projects $225/night at 62% occupancy ($50,951). Airbtics projects $199/night at 54% occupancy ($39,249). Airbtics predicts this property will perform in the 49% revenue percentile

Revenue Percentile

Percentiles25%50%75%90%
Revenue$20,828$38,458$55,452$82,344
Occupancy45%54%64%78%
Nightly Rate$121$187$227$279

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Large Modern✨Home near DowntownCleveland/LakeErie!
$39,309
$179
56%
43162$200❌❌✅N / Y⭐️ 4.8 (85)Profile

B

Cleveland Coffee House
$46,307
$295
42%
4182$125❌❌❌N / Y⭐️ 5 (73)Profile

C

West Cleveland Guest House - Autism Friendly
$52,238
$193
73%
43103$100❌❌✅N / Y⭐️ 4.8 (149)Profile

D

Modern Luxury Home Dog Friendly
$37,218
$220
44%
4361$150❌❌✅N / Y⭐️ 4.8 (35)Profile

E

Sweet Dreams @ Kamms Corner - 4 bed + Den by Parks
$28,175
$196
37%
43102$170❌❌✅N / Y⭐️ 5 (55)Profile

Operating Expenses

Monthly Expenses

$1,692

Annual Expenses

$20,304

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,125

Property Insurance

$150

HOA

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$425

Management & Platform Fees

$127

Platform Fee (i.e. Airbnb)

$127

Property Manager Fee

$0

Mortgage & Taxes

Monthly Mortgage & Tax

$1,141

Annual Mortgage & Tax

$13,692

Downpayment

Purchase Price

$203,000

Percent Down

20%

Total Downpayment

$40,600

Total Loan Amount

$162,400

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

6%

Monthly Loan Payment

$974

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$167

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

12,840 sqft

Year built:

1928

Size:

1,884 sqft

Type:

SFR

Parking:

2

Heating:

Forced Air Unit

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
3797 W 129th St311,62813,8001931$155,0000
3931 Victory Blvd311,4046,8041928$190,0000
13121 Tyler Ave311,5094,6001939$109,0000
13518 Tyler Ave211,4325,0001943$162,5000
3813 W 116th St311,5085,0021952$189,5000
3636 W 127th St218913,6751926$62,0000
3447 W 118th St311,1224,2001918$63,5000
3394 W 129th St311,2284,4001929$175,0000
3735 Highland Rd217546,6801947$165,0000
3331 W 129th St319243,5001916$185,0000

Property Details

  • MLS Status: property-details-mls-status-active
  • Property Use: Single Family Residence
  • Stories:
  • Lot size:12,840 sqft
  • Building area: 1,884 sqft
  • Garage: 324 sqft
  • Heating: Forced air unit
  • Pool: No
  • Fireplaces: 1
  • Basement:

Lot Info

  • Zoning: 1F
  • Land Use: Residential
  • Parcel Number: 018-27-081
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $31,790
  • County Est. Land Value: $19,500
  • Assessed Land Value: $6,830
  • County Est. Structure Value: $71,300

  • Market Estimate: -

Sale history

DateSale Price% FinancedBuyer
08/18/23$75,000100%Jose Benitez
05/24/23$72,500100%U S Bank National Association, Meb Reo Trust Vii
03/05/98$77,00099%Theophilus Hudson Jr, Deborah A Hudson
12/31/97$55,00090%Michael J Tarney

Ownership

  • Name: Jose Benitez
  • Owner Occupied: Yes
  • Owner Mailing Address: 3320 W 88th St, Cleveland, OH 44102
  • Years Owned: 12
  • Home Equity: -
  • Mortgage Balance Remaining: $0
  • Financed amount: 90%
  • 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

$9,635

Deductible property tax

$2,010

Est. Depreciation Value

$112,235

Profit on this property

$30,648

Your total deduction

$93,232

So, your new taxable income is your previous income minus your total deduction ($150,000 - $93,232)

$56,768

Your old tax bill

$45,000

Your new tax bill

$17,030

Estimated tax savings

$27,970

property-location

3762 W 128th St Cleveland, Ohio, 44111-4500

4 bed • 2 bath • 12 guests

Purchase Price

Est. $974/mo

Agent

This property is for sale!

Contact Agent

$50,952

Annual Revenue

BNBCalc predicts this property will get $199 per night with 54% 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

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Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

29.64%

Cap Rate

15.09%

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

$9,635

Deductible property tax

$2,010

Your total deduction

$12,846

Your adjusted annual income

$150,000 - $12,846 = $137,154

Taxes on $137,154 (30%)

$41,146

Your old tax bill

$45,000

Your new tax bill

$41,146

Estimated tax savings

$3,854

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