BNBCalc.com Investment Analysis Report of 711 Gemstone Ln

2 bed • 2.5 bath • 6 guests • $220,300

BNB

Calc

Return Metrics

7.84% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

7.84%

Cap Rate

8.78%

Return on Investment

23.15%

Annual Revenue

$37,967

AirDNA projects $189/night at 55% occupancy ($37,967). Airbtics projects $175/night at 64% occupancy ($40,907). Airbtics predicts this property will perform in the 44% revenue percentile

User selected values for this report: 55.00000000000001% occupancy rate, $189 rate per night

Revenue Percentile

Percentiles	25%	50%	75%	90%
Revenue	$26,897	$43,764	$61,670	$92,189
Occupancy	53%	69%	76%	85%
Nightly Rate	$130	$163	$206	$281

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 Cozy 2-bedroom townhouse close to the beach.	$41,634	$136	74%	2	2	7	1	$100	❌	❌	❌	N / Y	⭐️ 4.7 (64)	Profile
B Cheerful 2 Bedroom Home near Virginia Wesleyan	$29,742	$108	71%	2	1	4	30	$137	❌	❌	✅	N / Y	⭐️ 4.7 (22)	Profile
C Cozy, Modern, Two Bedroom Townhouse	$45,451	$167	70%	2	3	5	2	$100	❌	❌	❌	N / Y	⭐️ 4.8 (90)	Profile
D The Best Savings On Your Endless Summer	$43,578	$170	67%	2	2	7	1	$40	✅	❌	❌	N / Y	⭐️ 4.8 (81)	Profile
E OV 14th Bay - Lumen Suite	$31,089	$132	58%	2	1	4	30	$90	❌	❌	✅	N / Y	⭐️ 4.5 (35)	Profile

Operating Expenses

Monthly Expenses

$1,551

Annual Expenses

$18,616

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,016

Property Insurance

$150

HOA

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

Other

Cleaning Cost

$316

Management & Platform Fees

$95

Platform Fee (i.e. Airbnb)

$95

Property Manager Fee

Mortgage & Taxes

Monthly Mortgage & Tax

$1,238

Annual Mortgage & Tax

$14,856

Downpayment

Purchase Price

$220,300

Percent Down

20%

Total Downpayment

$44,060

Total Loan Amount

$176,240

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

Monthly Loan Payment

$1,057

Property Tax Yearly

0.99%

Property Tax Monthly

$182

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

Year built:

1989

Size:

1,148 sqft

Type:

CONDO

Parking:

Heating:

HEAT PUMP

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Year Built	Last Sale	Days on Market
818 Zircon Ct	2	3	1,148	-	1988	$225,000	-
809 Zircon Ct	2	3	1,148	-	1988	$229,000	31
621 Crows Nest Ct	2	1	866	-	1985	$139,000	96
447 Shelter Dr	2	1	866	-	1987	$157,000	-
5608 Tourmaline Ct	2	3	1,148	-	1989	$220,000	33
606 Spirit Ct	2	2	957	-	1986	$120,000	-
505 Summit Ct	2	2	957	-	1985	$160,000	12
920 Southmoor Dr Unit 104	2	2	1,367	-	2009	$245,000	35
610 Crows Nest Ct	2	1	866	-	1985	$160,000	34
5710 Summit Arch	2	1	866	-	1985	$164,500	126

Property Details

MLS Status: property-details-mls-status-active

Property Use: Condominium

Stories: 2

Lot size: -

Building area: 1,148 sqft

Garage: No

Heating: Heat pump

Pool: No

Fireplaces: 1

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: 2

Land Use: Residential

Parcel Number: 14684324050711

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $171,500

County Est. Land Value: $60,000

Assessed Land Value: $60,000

County Est. Structure Value: $111,500

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
06/14/21	$160,000	102%	Kathrine Rahn Jewlyn
10/08/04	$0	0%	Jmod I Llc
06/15/04	$72,000	0%	Jeffrey M O'donnell, Karen K O'donnell

Ownership

Name: Kathrine Rahn Jewlyn

Owner Occupied: Yes

Owner Mailing Address: 711 Gemstone Ln, Virginia Beach, Va 23462

Years Owned: 38

Home Equity: $32,820

Mortgage Balance Remaining: $163,680

Financed amount: -

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

$10,456

Deductible property tax

$2,181

Est. Depreciation Value

$68,491

Profit on this property

$19,351

Your total deduction

$61,776

So, your new taxable income is your previous income minus your total deduction ($150,000 - $61,776)

$88,224

Your old tax bill

$45,000

Your new tax bill

$26,467

Estimated tax savings

$18,533

711 Gemstone Ln Virginia Beach, Virginia, 23462-1189

2 bed • 2.5 bath • 6 guests

Purchase Price

Est. $1,057/mo

This property is for sale!

Contact Test

Agent at BNB

$37,967

Annual Revenue

BNBCalc predicts this property will get $175 per night with 64% occupancy, putting it in the top 44% 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

7.84%

Cap Rate

8.78%

Return on Investment

23.15%

15 Long Term Rental Comparables

This property's projected long-term rent from Rentrange™ is $1,760/mo ($21,120/yr) and $-/mo from Zillow. Projected vacancy is -% and rent growth is $-/yr. View comparable long-term rentals below ranging from $1,570 to $1,950.

Name	Listed Rent	Sqft	Type	Beds	Baths	Listed on	Similarity	Distance
727 Gemstone Ln	$1,600	1148	Condo	2	2.5	4/14	99.9%	0.04 mi
714 Gemstone Ln	$1,650	1148	Condo	2	2.5	2/5	99.8%	0.04 mi
806 Zircon Ct	$1,675	1148	Condo	2	2.5	6/2	99.7%	0.13 mi
5721 Constance Ct	$1,475	1088	Townhouse	2	2.5	1/19	99.6%	0.15 mi
812 Tuition Ct	$1,675	1400	Townhouse	2	2.5	5/26	99.1%	0.35 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

$10,456

Deductible property tax

$2,181

Your total deduction

$15,632

Your adjusted annual income

$150,000 - $15,632 = $134,368

Taxes on $134,368 (30%)

$40,311

Your old tax bill

$45,000

Your new tax bill

$40,311

Estimated tax savings

$4,689

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:

Year built:

1989

Size:

1,148 sqft

Type:

CONDO

Parking:

Heating:

HEAT PUMP

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Year Built	Last Sale	Days on Market
818 Zircon Ct	2	3	1,148	-	1988	$225,000	-
809 Zircon Ct	2	3	1,148	-	1988	$229,000	31
621 Crows Nest Ct	2	1	866	-	1985	$139,000	96
447 Shelter Dr	2	1	866	-	1987	$157,000	-
5608 Tourmaline Ct	2	3	1,148	-	1989	$220,000	33
606 Spirit Ct	2	2	957	-	1986	$120,000	-
505 Summit Ct	2	2	957	-	1985	$160,000	12
920 Southmoor Dr Unit 104	2	2	1,367	-	2009	$245,000	35
610 Crows Nest Ct	2	1	866	-	1985	$160,000	34
5710 Summit Arch	2	1	866	-	1985	$164,500	126

Property Details

MLS Status: property-details-mls-status-active

Property Use: Condominium

Stories: 2

Lot size: -

Building area: 1,148 sqft

Garage: No

Heating: Heat pump

Pool: No

Fireplaces: 1

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: 2

Land Use: Residential

Parcel Number: 14684324050711

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $171,500

County Est. Land Value: $60,000

Assessed Land Value: $60,000

County Est. Structure Value: $111,500

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
06/14/21	$160,000	102%	Kathrine Rahn Jewlyn
10/08/04	$0	0%	Jmod I Llc
06/15/04	$72,000	0%	Jeffrey M O'donnell, Karen K O'donnell

Ownership

Name: Kathrine Rahn Jewlyn

Owner Occupied: Yes

Owner Mailing Address: 711 Gemstone Ln, Virginia Beach, Va 23462

Years Owned: 38

Home Equity: $32,820

Mortgage Balance Remaining: $163,680

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No