10522 Summer Hill Rd Mechanicsville, VA, 23116
3 bed • 1 bath • 9 guests
Est. $1,679/mo
This property is for sale!
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Airbnb Investor Score
$8,150
Annual Profit
9.1%
Cap Rate
9.2%
Cash on Cash
$52,230
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $220/night at 65% occupancy.
Top 56% of comparables
Top 36% of comparables
Seasonality
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$54,093
Avg annual revenue
65%
Avg occupancy rate
$220
Avg nightly rate
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Revenue per year
$25k
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$8,150
Profit
Revenue
$52,230
Operating Expenses
$20,470
Operating Income
$31,760
Mortgage & Taxes
$23,610
Profit (Cash Flow)
$8,150
$88,750
Cash Investment
Down Payment
$70,000
Renos & Furnishing
$8,250
Closing Costs
$10,500
Total
$88,750
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
9.18%
Cap Rate
9.07%
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
$16,611
Deductible property tax
$3,465
Your total deduction
$11,833
Your adjusted annual income
$150,000 - $11,833 = $138,167
Taxes on $138,167 (30%)
$41,450
Your old tax bill
$45,000
Your new tax bill
$41,450
Estimated tax savings
$3,550
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
916,502 sqft
Year built:
1969
Size:
1,352 sqft
Type:
SFR
Parking:
-
Heating:
Heat Pump
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 10676 Summer Hill Rd | 3 | 2 | 2,288 | - | 941,375 | 2004 | $0 | - |
| - | - | 0 | - | 445,880 | - | $0 | - | |
| 10235 Scots Landing Rd | 5 | 3 | 4,347 | - | 66,908 | 2007 | $100,000 | - |
| 10383 Summer Hill Rd | 4 | 2 | 2,396 | - | 300,564 | 1994 | $0 | - |
| 10481 Summer Hill Rd | - | - | 0 | - | 290,981 | - | $0 | - |
| - | - | 0 | - | 442,090 | - | $0 | - | |
| Arrowhead Rd | - | - | 0 | - | 153,375 | - | $150,000 | - |
| 10241 Scots Landing Rd | 5 | 4 | 3,462 | - | 61,812 | 2007 | $0 | - |
| 5077 Napa Grove Ct | 4 | 2 | 3,154 | - | 68,825 | - | $756,586 | - |
| 4743 Wormleys Ln | 5 | 3 | 2,910 | - | 51,052 | 2020 | $699,000 | - |
Property Details
- MLS Status: Active
- Property Use: Rural/Agricultural Residence
- Stories: 1
- Lot size: 916,502 sqft
- Building area: 1,352 sqft
- Garage: No
- Heating: Heat pump
- Pool: No
- Fireplaces: 1
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: A-1
- Land Use: Residential
- Parcel Number: 8737-96-8426
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2024
- Assessed Value: $424,700
- County Est. Land Value: $252,500
- Assessed Land Value: $252,500
- County Est. Structure Value: $172,200
Market Estimate: -
Ownership
- Name: Vivian Sale
- Owner Occupied: Yes
- Owner Mailing Address: 10522 Summer Hill Rd, Mechanicsville, VA 23116
- Years Owned: 0
- Home Equity: $306,000
- Mortgage Balance Remaining: $50,000
- Financed amount: -
- Owner Type: Individual
- Lien: N/A
- Inherited: N/A
- Foreclosure: No