1000 Caswell Beach Rd Oak Island, North Carolina, 28465
2 bed โข 1 bath โข 6 guests
Est. $2,398/mo

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$486,900
Zestimate
Airbnb Investor Score
-$11,348
Annual Profit
4.5%
Cap Rate
-9.4%
Cash on Cash
$41,441
Annual Revenue
This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $222/night at 49% occupancy.Projected nightly rate is $183/night at 62% occupancy.
Top 48% of comparables
Top 33% of comparables
Seasonality
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40
Airbnb Comparables
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$43,255
Avg annual revenue
62%
Avg occupancy rate
$183
Avg nightly rate
Any type
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Apartment
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Revenue per year
$15k
$45k
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$110k
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-$11,348
Profit
Revenue
$41,441
Operating Expenses
$19,067
Operating Income
$22,373
Mortgage & Taxes
$33,722
Profit (Cash Flow)
-$11,348
$121,227
Cash Investment
Down Payment
$99,980
Renos & Furnishing
$6,250
Closing Costs
$14,997
Total
$121,227
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-9.36%
Cap Rate
4.47%
STR Tax Calculator (USA)
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
$23,726
Deductible property tax
$4,949
Your total deduction
$61,735
Your adjusted annual income
$150,000 - $61,735 = $88,265
Taxes on $88,265 (30%)
$26,479
Your old tax bill
$45,000
Your new tax bill
$26,479
Estimated tax savings
$18,521
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
-
Year built:
1984
Size:
720 sqft
Type:
CONDO
Parking:
-
Heating:
Heat Pump, Electric
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: CONDO
- Stories: 3
- Lot size: -
- Building area: 720 sqft
- Garage: No
- Heating: Heat pump, electric
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: -
- View: Ocean
- Parking: Lighted, On Site
- Amenities: Washer, Stove/Oven - Electric, Refrigerator, Microwave, Dryer
- Price per square foot: $676
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 250eb172
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $439,620
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $486,900
Schools
- Middle School: South Brunswick Middle with 3/10 star rating
- High School: South Brunswick High with 3/10 star rating