BNBCalc.com Investment Analysis Report of 611 Reed St, Erie, PA, 16503

4 bed • 1 bath • 12 guests • $21,000

BNB

Calc

Return Metrics

120.64% 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

120.64%

Cap Rate

93.37%

Return on Investment

126.18%

Annual Revenue

$38,263

AirDNA projects $194/night at 47% occupancy ($33,302). Airbtics projects $315/night at 58% occupancy ($66,730). Airbtics predicts this property will perform in the 52% revenue percentile

Revenue Percentile

Percentiles25%50%75%90%
Revenue$31,538$57,931$95,049$129,656
Occupancy47%58%71%78%
Nightly Rate$180$268$360$445

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Barefoot Villa
$26,582
$180
38%
4292$100✅❌✅N / Y⭐️ 4.8 (19)Profile

B

The House on Park
$42,807
$171
66%
42122$100❌❌✅N / Y⭐️ 5 (67)Profile

C

The Grey Stone - Downtown Erie
$30,171
$181
45%
4281$60❌❌✅N / Y⭐️ 4.9 (29)Profile

D

❣ A Sunny & Stylish 4BR near Presque Isle w/ WiFi
$21,370
$72
71%
4282$95❌❌❌N / Y⭐️ 5 (225)Profile

E

Gorgeous, fully renovated 4 bedroom, two bath home
$37,339
$165
61%
4282$100❌❌❌N / Y⭐️ 5 (108)Profile

Operating Expenses

Monthly Expenses

$1,555

Annual Expenses

$18,654

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,019

Property Insurance

$150

HOA

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$319

Management & Platform Fees

$96

Platform Fee (i.e. Airbnb)

$96

Property Manager Fee

$0

Mortgage & Taxes

Monthly Mortgage & Tax

$118

Annual Mortgage & Tax

$1,416

Downpayment

Purchase Price

$21,000

Percent Down

20%

Total Downpayment

$4,200

Total Loan Amount

$16,800

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

6%

Monthly Loan Payment

$101

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$17

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

-

Year built:

-

Size:

-

Type:

-

Parking:

-

Heating:

-

Property Details

  • MLS Status: N/A
  • Property Use:
  • Stories:
  • Lot size:-
  • Building area: -
  • Garage: -
  • Heating:
  • Pool: No
  • Fireplaces:
  • Basement:

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: -
  • Flood Zone: No

Tax Info

  • Year Assessed:
  • Assessed Value: -
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -

  • Market Estimate: -

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

$997

Deductible property tax

$208

Est. Depreciation Value

$16,232

Profit on this property

$19,609

Your total deduction

-$2,172

So, your new taxable income is your previous income minus your total deduction ($150,000 - -$2,172)

$152,172

Your old tax bill

$45,000

Your new tax bill

$45,652

Estimated tax savings

-$652

property-location

611 Reed St Erie, Pennsylvania, 16503

4 bed • 1 bath • 12 guests

Purchase Price

Est. $101/mo

Agent

Inquire about this property

Contact Agent

$28,700

Zestimate

1119

Airbnb Investor Score

$18,192

Annual Profit

93.4%

Cap Rate

120.6%

Cash on Cash

$38,263

Annual Revenue

BNBCalc predicts this property will get $315 per night with 58% occupancy, putting it in the top 52% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

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39

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

120.64%

Cap Rate

93.37%

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

$997

Deductible property tax

$208

Your total deduction

-$13,350

Your adjusted annual income

$150,000 - -$13,350 = $163,350

Taxes on $163,350 (30%)

$49,005

Your old tax bill

$45,000

Your new tax bill

$49,005

Estimated tax savings

-$4,005

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