117 Chinkapin Ridge Rd
Banner Elk, North Carolina, 28604-8442
4 bed • 4 bath • 16 guests • $700,000
Annual Revenue
$116,421
Profit (Cash Flow)
$37,398
Cash on Cash Return
65.0%
Annual Revenue
AirDNA projects $383/night at 47% occupancy ($65,747).
Occupancy Rate
Avg Daily Rate
Return Metrics
65.04% 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
65.04%
Cap Rate
13.16%
Tax Calculator
Your current annual Income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your estimated deduction will be...
Deductible mortgage interest
$39,451
Deductible property tax
$6,929
Your total deduction
$58,050
Your adjusted annual income
$150,000 - $58,050 = $91,949
Taxes on $91,949 (30%)
$27,584
Your old tax bill
$45,000
Your new tax bill
$27,584
Estimated tax savings
$17,415
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