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:

3%

Revenue Appreciation:

0%

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

Revenue Percentile

Percentiles25%50%75%90%
Revenue$20,565$28,871$40,065$53,550
Occupancy54%67%82%91%
Nightly Rate$98$110$125$152

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Quite & comfy 2 bd unit with King bed,big yard
$24,491
$97
64%
2163$125❌❌✅N / Y⭐️ 4.8 (35)Profile

B

The Del—Remodeled Mid-Century Retreat in East Charlotte
$32,999
$90
91%
2141$100❌❌❌N / Y⭐️ 5 (265)Profile

C

Boho by the Water! 1750sqft - Fishing & sleeps 11!
$25,913
$121
52%
23111$120❌❌✅N / Y⭐️ 5 (86)Profile

D

Linda House -Stunning home in Charlotte
$26,697
$185
38%
2153$125❌❌✅N / Y⭐️ 5 (15)Profile

E

Modern 2 BR Bungalow~Close to Noda - fenced yard!
$32,920
$110
78%
2143$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

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$277

Management & Platform Fees

$83

Platform Fee (i.e. Airbnb)

$83

Property Manager Fee

$0

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

6%

Monthly Loan Payment

$573

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$99

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

311,193 sqft

Year built:

1985

Size:

791 sqft

Type:

CONDO

Parking:

-

Heating:

FORCED AIR

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
4408 Sharon Chase Dr Apt D22913311,1931984$150,0000
4601 Sharon Chase Dr Apt G22913398,1821982$00
4401 Sharon Chase Dr Apt G11685311,1931985$321,0000
4425 Sharon Chase Dr Apt C11685311,1931985$98,50027
4608 Sharon Chase Dr Apt H321,029398,1821982$150,00032
4616 Sharon Chase Dr Apt H22913398,1821982$120,00018
4425 Sharon Chase Dr Apt G11685311,1931985$108,0000
4408 Sharon Chase Dr Apt C11685311,1931984$110,00039
4617 Sharon Chase Dr Apt E11685398,1821982$65,0000
4400 Sharon Chase Dr Apt E21685311,1931984$105,00025

Property Details

  • MLS Status: N/A
  • Property Use: Condominium
  • Stories: 1
  • Lot size:311,193 sqft
  • Building area: 791 sqft
  • Garage: -
  • Heating: Forced air
  • Pool: No
  • Fireplaces: 1
  • Basement: No basement

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

DateSale Price% FinancedBuyer
10/12/20$40,0000%Mike Kio Prop Solutions Llc
Invalid Date$38,50088%Dwayne E Deese, Sheila S Deese
Invalid Date$38,50094%Deborah L Smith
Invalid Date$38,5000%Jerry W Thomas
Invalid Date$38,50094%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 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

$59,197

Profit on this property

$15,281

Your total deduction

$50,771

So, your new taxable income is your previous income minus your total deduction ($150,000 - $50,771)

$99,229

Your old tax bill

$45,000

Your new tax bill

$29,769

Estimated tax savings

$15,231

property-location

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

2 bed • 2 bath • 6 guests

Purchase Price

Est. $573/mo

Agent

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

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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

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Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

21.27%

Cap Rate

12.78%

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

$10,384

Your adjusted annual income

$150,000 - $10,384 = $139,616

Taxes on $139,616 (30%)

$41,885

Your old tax bill

$45,000

Your new tax bill

$41,885

Estimated tax savings

$3,115

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