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:

3%

Revenue Appreciation:

0%

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

Revenue Percentile

Percentiles25%50%75%90%
Revenue$26,897$43,764$61,670$92,189
Occupancy53%69%76%85%
Nightly Rate$130$163$206$281

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Cozy 2-bedroom townhouse close to the beach.
$41,634
$136
74%
2271$100❌❌❌N / Y⭐️ 4.7 (64)Profile

B

Cheerful 2 Bedroom Home near Virginia Wesleyan
$29,742
$108
71%
21430$137❌❌✅N / Y⭐️ 4.7 (22)Profile

C

Cozy, Modern, Two Bedroom Townhouse
$45,451
$167
70%
2352$100❌❌❌N / Y⭐️ 4.8 (90)Profile

D

The Best Savings On Your Endless Summer
$43,578
$170
67%
2271$40✅❌❌N / Y⭐️ 4.8 (81)Profile

E

OV 14th Bay - Lumen Suite
$31,089
$132
58%
21430$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

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$316

Management & Platform Fees

$95

Platform Fee (i.e. Airbnb)

$95

Property Manager Fee

$0

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

6%

Monthly Loan Payment

$1,057

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$182

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

-

Year built:

1989

Size:

1,148 sqft

Type:

CONDO

Parking:

-

Heating:

HEAT PUMP

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
818 Zircon Ct231,14801988$225,0000
809 Zircon Ct231,14801988$229,00031
621 Crows Nest Ct2186601985$139,00096
447 Shelter Dr2186601987$157,0000
5608 Tourmaline Ct231,14801989$220,00033
606 Spirit Ct2295701986$120,0000
505 Summit Ct2295701985$160,00012
920 Southmoor Dr Unit 104221,36702009$245,00035
610 Crows Nest Ct2186601985$160,00034
5710 Summit Arch2186601985$164,500126

Property Details

  • MLS Status: property-details-mls-status-active
  • Property Use: Condominium
  • Stories: 2
  • Lot size:-
  • Building area: 1,148 sqft
  • Garage: -
  • Heating: Heat pump
  • Pool: No
  • Fireplaces: 1
  • Basement: No basement

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

DateSale Price% FinancedBuyer
06/14/21$160,000102%Kathrine Rahn Jewlyn
10/08/04$00%Jmod I Llc
06/15/04$72,0000%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

$98,455

Profit on this property

$19,351

Your total deduction

$91,740

So, your new taxable income is your previous income minus your total deduction ($150,000 - $91,740)

$58,260

Your old tax bill

$45,000

Your new tax bill

$17,478

Estimated tax savings

$27,522

property-location

711 Gemstone Ln Virginia Beach, Virginia, 23462-1189

2 bed • 2.5 bath • 6 guests

Purchase Price

Est. $1,057/mo

Agent

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

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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

Sign up to see the data on 40 all comparables

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

7.84%

Cap Rate

8.78%

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

$10,456

Deductible property tax

$2,181

Your total deduction

$24,621

Your adjusted annual income

$150,000 - $24,621 = $125,379

Taxes on $125,379 (30%)

$37,614

Your old tax bill

$45,000

Your new tax bill

$37,614

Estimated tax savings

$7,386

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