BNBCalc.com Investment Analysis Report of 4401 Sharon Chase Dr Apt A

2 bed • 2 bath • 6 guests • $119,500

BNB

Calc

Return Metrics

21.27% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

21.27%

Cap Rate

12.78%

Return on Investment

35.27%

Annual Revenue

$33,288

AirDNA projects $217/night at 42% occupancy ($33,288). Airbtics projects $118/night at 68% occupancy ($29,307). Airbtics predicts this property will perform in the 47% revenue percentile

User selected values for this report: 42% occupancy rate, $217 rate per night

Revenue Percentile

Percentiles	25%	50%	75%	90%
Revenue	$20,565	$28,871	$40,065	$53,550
Occupancy	54%	67%	82%	91%
Nightly Rate	$98	$110	$125	$152

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 Quite & comfy 2 bd unit with King bed,big yard	$24,491	$97	64%	2	1	6	3	$125	❌	❌	✅	N / Y	⭐️ 4.8 (35)	Profile
B The Del—Remodeled Mid-Century Retreat in East Charlotte	$32,999	$90	91%	2	1	4	1	$100	❌	❌	❌	N / Y	⭐️ 5 (265)	Profile
C Boho by the Water! 1750sqft - Fishing & sleeps 11!	$25,913	$121	52%	2	3	11	1	$120	❌	❌	✅	N / Y	⭐️ 5 (86)	Profile
D Linda House -Stunning home in Charlotte	$26,697	$185	38%	2	1	5	3	$125	❌	❌	✅	N / Y	⭐️ 5 (15)	Profile
E Modern 2 BR Bungalow~Close to Noda - fenced yard!	$32,920	$110	78%	2	1	4	3	$80	❌	❌	✅	N / Y	⭐️ 5 (71)	Profile

Operating Expenses

Monthly Expenses

$1,501

Annual Expenses

$18,007

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$977

Property Insurance

$150

HOA

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

Other

Cleaning Cost

$277

Management & Platform Fees

$83

Platform Fee (i.e. Airbnb)

$83

Property Manager Fee

Mortgage & Taxes

Monthly Mortgage & Tax

$671

Annual Mortgage & Tax

$8,052

Downpayment

Purchase Price

$119,500

Percent Down

20%

Total Downpayment

$23,900

Total Loan Amount

$95,600

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

Monthly Loan Payment

$573

Property Tax Yearly

0.99%

Property Tax Monthly

$99

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

311,193 sqft

Year built:

1985

Size:

791 sqft

Type:

CONDO

Parking:

Heating:

FORCED AIR

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
4408 Sharon Chase Dr Apt D	2	2	913	-	311,193	1984	$150,000	-
4601 Sharon Chase Dr Apt G	2	2	913	-	398,182	1982	$0	-
4401 Sharon Chase Dr Apt G	1	1	685	-	311,193	1985	$321,000	-
4425 Sharon Chase Dr Apt C	1	1	685	-	311,193	1985	$98,500	27
4608 Sharon Chase Dr Apt H	3	2	1,029	-	398,182	1982	$150,000	32
4616 Sharon Chase Dr Apt H	2	2	913	-	398,182	1982	$120,000	18
4425 Sharon Chase Dr Apt G	1	1	685	-	311,193	1985	$108,000	-
4408 Sharon Chase Dr Apt C	1	1	685	-	311,193	1984	$110,000	39
4617 Sharon Chase Dr Apt E	1	1	685	-	398,182	1982	$65,000	-
4400 Sharon Chase Dr Apt E	2	1	685	-	311,193	1984	$105,000	25

Property Details

MLS Status: N/A

Property Use: Condominium

Stories: 1

Lot size: 311,193 sqft

Building area: 791 sqft

Garage: No

Heating: Forced air

Pool: No

Fireplaces: 1

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: R12MFCD

Land Use: Residential

Parcel Number: 09920557

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2023

Assessed Value: $90,000

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: $90,000

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
10/12/20	$40,000	0%	Mike Kio Prop Solutions Llc
Invalid Date	$38,500	88%	Dwayne E Deese, Sheila S Deese
Invalid Date	$38,500	94%	Deborah L Smith
Invalid Date	$38,500	0%	Jerry W Thomas
Invalid Date	$38,500	94%	Jerry W Thomas

Ownership

Name: Mike Kio Prop Solutions Llc

Owner Occupied: No

Owner Mailing Address: 4003 Nottaway Place Dr, Matthews, Nc 28105

Years Owned: 46

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: 94%

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No

Schools

High School: Garinger High School with 2/10 star rating

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

$5,672

Deductible property tax

$1,183

Est. Depreciation Value

$41,167

Profit on this property

$15,281

Your total deduction

$32,741

So, your new taxable income is your previous income minus your total deduction ($150,000 - $32,741)

$117,259

Your old tax bill

$45,000

Your new tax bill

$35,178

Estimated tax savings

$9,822

4401 Sharon Chase Dr Charlotte, North Carolina, 28215-4907

2 bed • 2 bath • 6 guests

Purchase Price

Est. $573/mo

Inquire about this property

Contact Test

Agent at BNB

$119,500

Zestimate

$33,288

Annual Revenue

BNBCalc predicts this property will get $118 per night with 68% 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

21.27%

Cap Rate

12.78%

Return on Investment

35.27%

15 Long Term Rental Comparables

This property's projected long-term rent from Rentrange™ is $1,440/mo ($17,280/yr) and $-/mo from Zillow. Projected vacancy is -% and rent growth is $-/yr. View comparable long-term rentals below ranging from $1,310 to $1,570.

Name	Listed Rent	Sqft	Type	Beds	Baths	Listed on	Similarity	Distance
4416 Sharon Chase Dr	$1,500	913	Condo	2	2	8/13	99.9%	0.04 mi
4417 Sharon Chase Dr	$1,575	958	Condo	2	2	8/12	99.9%	0.04 mi
4417 Sharon Chase Dr	$1,399	929	Condo	2	2	4/17	99.9%	0.04 mi
4408 Sharon Chase Dr	$1,490	958	Single Family	2	2	2/9	99.8%	0.04 mi
4417 Sharon Chase Dr	$1,550	929	Condo	2	2	4/18	99.8%	0.04 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

$5,672

Deductible property tax

$1,183

Your total deduction

$4,975

Your adjusted annual income

$150,000 - $4,975 = $145,025

Taxes on $145,025 (30%)

$43,508

Your old tax bill

$45,000

Your new tax bill

$43,508

Estimated tax savings

$1,492

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:

311,193 sqft

Year built:

1985

Size:

791 sqft

Type:

CONDO

Parking:

Heating:

FORCED AIR

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
4408 Sharon Chase Dr Apt D	2	2	913	-	311,193	1984	$150,000	-
4601 Sharon Chase Dr Apt G	2	2	913	-	398,182	1982	$0	-
4401 Sharon Chase Dr Apt G	1	1	685	-	311,193	1985	$321,000	-
4425 Sharon Chase Dr Apt C	1	1	685	-	311,193	1985	$98,500	27
4608 Sharon Chase Dr Apt H	3	2	1,029	-	398,182	1982	$150,000	32
4616 Sharon Chase Dr Apt H	2	2	913	-	398,182	1982	$120,000	18
4425 Sharon Chase Dr Apt G	1	1	685	-	311,193	1985	$108,000	-
4408 Sharon Chase Dr Apt C	1	1	685	-	311,193	1984	$110,000	39
4617 Sharon Chase Dr Apt E	1	1	685	-	398,182	1982	$65,000	-
4400 Sharon Chase Dr Apt E	2	1	685	-	311,193	1984	$105,000	25

Property Details

MLS Status: N/A

Property Use: Condominium

Stories: 1

Lot size: 311,193 sqft

Building area: 791 sqft

Garage: No

Heating: Forced air

Pool: No

Fireplaces: 1

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: R12MFCD

Land Use: Residential

Parcel Number: 09920557

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2023

Assessed Value: $90,000

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: $90,000

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
10/12/20	$40,000	0%	Mike Kio Prop Solutions Llc
Invalid Date	$38,500	88%	Dwayne E Deese, Sheila S Deese
Invalid Date	$38,500	94%	Deborah L Smith
Invalid Date	$38,500	0%	Jerry W Thomas
Invalid Date	$38,500	94%	Jerry W Thomas

Ownership

Name: Mike Kio Prop Solutions Llc

Owner Occupied: No

Owner Mailing Address: 4003 Nottaway Place Dr, Matthews, Nc 28105

Years Owned: 46

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: 94%

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No

Schools

High School: Garinger High School with 2/10 star rating