BNBCalc.com Investment Analysis Report of 533 Pine Ridge Pl

3 bed • 2 bath • 9 guests • $200,900

BNB

Calc

Return Metrics

8.45% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

8.45%

Cap Rate

9.04%

Return on Investment

23.07%

Annual Revenue

$36,612

AirDNA projects $179/night at 56% occupancy ($36,612). Airbtics projects $186/night at 65% occupancy ($44,157). Airbtics predicts this property will perform in the 49% revenue percentile

Revenue Percentile

Percentiles25%50%75%90%
Revenue$27,189$40,685$64,539$79,371
Occupancy55%65%74%84%
Nightly Rate$128$162$225$245

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Charming & Cozy Midtown Ranch Home
$37,791
$134
74%
3161$65❌❌❌N / Y⭐️ 5 (151)Profile

B

Hot Tub | Game Space | Fenced In Yard
$45,118
$206
55%
3362$130❌❌❌N / Y⭐️ 4.9 (43)Profile

C

Hot Tub, Game Room, Theater Room & Fenced In Yard!
$47,984
$217
55%
33112$195❌❌❌N / Y⭐️ 4.8 (57)Profile

D

Recently Renovated Raleigh Retreat w/ Patio!
$96,992
$453
57%
3382$202❌❌✅N / Y⭐️ 5 (23)Profile

E

The Charming 3BR Home in Raleigh NC
$25,950
$107
54%
3161$125❌❌❌N / Y⭐️ 4.7 (42)Profile

Operating Expenses

Monthly Expenses

$1,537

Annual Expenses

$18,440

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,005

Property Insurance

$150

HOA

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$305

Management & Platform Fees

$92

Platform Fee (i.e. Airbnb)

$92

Property Manager Fee

$0

Mortgage & Taxes

Monthly Mortgage & Tax

$1,129

Annual Mortgage & Tax

$13,548

Downpayment

Purchase Price

$200,900

Percent Down

20%

Total Downpayment

$40,180

Total Loan Amount

$160,720

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

6%

Monthly Loan Payment

$964

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$166

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

435 sqft

Year built:

1972

Size:

1,232 sqft

Type:

CONDO

Parking:

-

Heating:

CENTRAL

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
651 Pine Ridge Pl-21,23201972$225,0000
616 Pine Ridge Pl211,0504361972$170,00025
550 Pine Ridge Pl-11,05001972$95,0000
5008 Flint Ridge Pl321,2324361972$220,00025
1216 Manassas Ct Apt E221,0104361972$194,50018
537 Pine Ridge Pl321,23201972$238,50038
721 E Millbrook Rd321,54601972$205,00033
5053 Tall Pines Ct321,54601972$228,00039
553 Pine Ridge Pl2186401972$166,00015
665 Pine Ridge Pl219044361972$135,00028

Property Details

  • MLS Status: property-details-mls-status-active
  • Property Use: Condominium
  • Stories: 1
  • Lot size:435 sqft
  • Building area: 1,232 sqft
  • Garage: -
  • Heating: Central
  • Pool: No
  • Fireplaces: 0
  • Basement: No basement

Lot Info

  • Zoning: R-6
  • Land Use: Residential
  • Parcel Number: 1716.09-05-5861 0129704
  • Flood Zone: No

Tax Info

  • Year Assessed: 2024
  • Assessed Value: $204,065
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: $204,065

  • Market Estimate: -

Sale history

DateSale Price% FinancedBuyer
04/01/22$215,0000%Ruochen Wu, Thi Le Vu
10/24/20$130,00080%Ashley Romeo, Christopher J Romeo
12/12/18$95,0000%Marcy H Moore, Lee F Moore
07/31/08$71,00098%John J Santoro
03/27/06$43,373103%Becton Properties Llc

Ownership

  • Name: Ruochen Wu
  • Owner Occupied: No
  • Owner Mailing Address: 104 Woodsbrook Pl Sw, Madison, Al 35756
  • Years Owned: 28
  • Home Equity: $65,700
  • Mortgage Balance Remaining: $104,000
  • Financed amount: 103%
  • Owner Type: Individual
  • Lien: No
  • Inherited: No
  • Foreclosure: No

Schools

  • Elementary School: Douglas Elementary with 2 star rating
  • Middle School: Carroll Middle with 2 star rating
  • High School: Sanderson High with 4 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

$9,535

Deductible property tax

$1,989

Est. Depreciation Value

$97,967

Profit on this property

$18,172

Your total deduction

$91,319

So, your new taxable income is your previous income minus your total deduction ($150,000 - $91,319)

$58,681

Your old tax bill

$45,000

Your new tax bill

$17,604

Estimated tax savings

$27,396

property-location

533 Pine Ridge Pl Raleigh, North Carolina, 27609-4644

3 bed • 2 bath • 9 guests

Purchase Price

Est. $964/mo

Agent

This property is for sale!

Contact Test

Agent at BNB

$36,612

Annual Revenue

BNBCalc predicts this property will get $186 per night with 65% 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

8.45%

Cap Rate

9.04%

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

$9,535

Deductible property tax

$1,989

Your total deduction

$24,508

Your adjusted annual income

$150,000 - $24,508 = $125,492

Taxes on $125,492 (30%)

$37,647

Your old tax bill

$45,000

Your new tax bill

$37,647

Estimated tax savings

$7,353

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