BNBCalc Short Term Rental Investment Analysis 146 Corona Dr Milford CT 06460

4 bed • 2 bath • 9 guests • $449,900

BNB

Calc

Report by:

Lianne Kenealy

liannekenealy@gmail.com

Annual Revenue

$87,932

Profit (Cash Flow)

$33,072

Cap Rate

14.1%

Annual Revenue

$87,932

AirDNA projects $535/night at 45% occupancy ($87,932).

BNB Calc projects a 45% occupancy rate, $535 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Return Metrics

29.01% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$33,072	$66,144	$99,217	$132,289	$165,362	$330,724	$992,172
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$4,419	$9,112	$14,094	$19,383	$24,998	$58,718	$359,920
Down Payment	$89,980	$89,980	$89,980	$89,980	$89,980	$89,980	$89,980
Property Appreciation	$13,497	$27,398	$41,717	$56,466	$71,657	$154,727	$642,125
Total Return	$140,969	$192,636	$245,009	$298,119	$351,998	$634,150	$2,084,198

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

29.01%

Cap Rate

14.09%

Return on Investment

44.73%

146 Corona Dr Milford, CT, 06460

4 bed • 2 bath • 9 guests

Purchase Price

Est. $2,158/mo

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$447,000

Zestimate

$87,932

Annual Revenue

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

$33,072

Profit

Revenue

$87,932

Operating Expenses

$24,511

Operating Income

$63,421

Mortgage & Taxes

$30,349

Profit (Cash Flow)

$33,072

$113,977

Cash Investment

Down Payment

$89,980

Renos & Furnishing

$10,500

Closing Costs

$13,497

Total

$113,977

DSCR Ratio

Strong

2.09

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

29.01%

Cap Rate

14.09%

Return on Investment

44.73%

STR 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

$21,353

Deductible property tax

$4,454

Your total deduction

$1,020

Your adjusted annual income

$150,000 - $1,020 = $148,980

Taxes on $148,980 (30%)

$44,694

Your old tax bill

$45,000

Your new tax bill

$44,694

Estimated tax savings

$306

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:

9,583 sqft

Year built:

1955

Size:

2,448 sqft

Type:

SFR

Parking:

Heating:

HOT WATER

Sold Comparables

Property Details

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

Property Use: Single Family Residence

Stories: 2

Lot size: 9,583 sqft

Building area: 2,448 sqft

Garage: No

Heating: Hot water

Pool: No

Fireplaces: 0

Basement: No

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: R10

Land Use: Residential

Parcel Number: MILF M:67 B:813 L:111

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2023

Assessed Value: $178,880

County Est. Land Value: -

Assessed Land Value: $84,830

County Est. Structure Value: -

Market Estimate: $328,920

Sale history

Date	Sale Price	% Financed	Buyer
07/28/23	$290,000	0%	City Lending Group Llc

Ownership

Name: City Lending Group Llc

Owner Occupied: No

Owner Mailing Address: 146 Corona Dr, Milford, Ct 06460

Years Owned: 2

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No