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BNBCalc Short Term Rental Investment Analysis 1681 Colington Rd

3 bed • 2.5 bath • 9 guests • $565,000

BNB

Calc

Annual Revenue

$45,108

Profit (Cash Flow)

-$19,053

Cap Rate

4.5%

Annual Revenue

$45,108

AirDNA projects $183/night at 65% occupancy ($43,445). Airbtics projects $207/night at 57% occupancy ($43,095). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 65% occupancy rate, $190 rate per night.

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

Percentiles25%50%75%90%
Revenue$26,672$37,355$63,106$118,996
Occupancy47%55%68%83%
Nightly Rate$151$177$240$375

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Shore Beats Work at Devonshire Place 3 Bedroom Hom

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47%
335$0✅❌❌Y / Y⭐️ 4.3 (26)
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52%
334$275❌✅✅Y / Y⭐️ 4.8 (24)
@The Cedar House *Excellent Central Location*

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$181
88%
312$189❌❌✅Y / Y⭐️ 4.9 (251)
The Local Tourist

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$157
34%
334$250❌❌❌Y / Y⭐️ 5 (27)
Absolute Sound-Waterfront Home with Private Pier.

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$224
47%
333$175❌❌❌Y / Y⭐️ 4.9 (102)
Waterfront Getaway—Serene setting w/ private dock

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$56,144
$265
54%
332$245❌❌❌Y / Y⭐️ 5 (61)
The E Gull Has Landed: Private Hot Tub/Shared Pool

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$27,084
$99
57%
333$223✅✅❌Y / Y⭐️ 3.8 (6)
3 Bedroom-Waterpark, Pet friendly, Near Ocean

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$21,785
$61
83%
341$170✅❌✅Y / Y⭐️ 4.9 (43)
Sound Xcape: Sound front, Shared Pool & Boat Ramp

No image available

$30,723
$111
58%
343$313✅❌❌Y / Y⭐️ 5 (2)
Just Peachy 3 Bedroom Home w/ Pool Access!

No image available

$24,870
$151
45%
335$0✅✅❌Y / Y⭐️ 4.5 (36)
⚓️Community Pool ⚓️Modern Interior ⚓️1 mile to beach

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$33,546
$236
38%
336$150✅❌✅Y / Y⭐️ 5 (67)
Currituck Cottage at Devonshire Place 3 Bedroom Ho

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$123,385
$392
86%
335$0✅❌❌Y / Y⭐️ 4.8 (34)
The Aquamarine

No image available

$44,458
$155
77%
343$160✅❌❌Y / Y⭐️ 4.8 (13)
Coastal Cay - Chic and Airy 3 Bedroom Beach Condo

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$36,457
$179
54%
342$225✅❌❌Y / Y⭐️ 5 (53)
Bay Breeze: Hot Tub, Shared Pool, Short Stays

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$23,222
$102
41%
343$223✅✅❌Y / Y⭐️ 5 (6)
Soundside Escape

No image available

$76,532
$254
82%
332$175✅❌✅Y / Y⭐️ 4.9 (41)
Cozy Cottage

No image available

$41,041
$128
87%
333$185✅❌❌Y / Y⭐️ 4.8 (67)
The Grand Haven 3 Bedroom Home Private Hot Tub and

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$57,437
$166
93%
355$116✅✅❌Y / Y⭐️ 4.7 (44)
Tangerine Dream at Devonshire Place

No image available

$33,160
$151
60%
335$0✅❌❌Y / Y⭐️ 4.8 (15)
Go Fish 3 Bedroom Home w/ Pool Access!

No image available

$30,669
$175
47%
345$85✅✅✅Y / Y⭐️ 4.6 (5)
5504 Turtle Cove * Community Pool

No image available

$91,713
$374
67%
331$0✅❌✅N / N⭐️ 4.5 (6)
The Mermaid House at Devonshire Place 3 Bedroom Ho

No image available

$37,156
$141
72%
355$0✅❌❌Y / Y⭐️ 4.8 (28)
Colin's Cabin 3 Bedroom at Devonshire Place

No image available

$18,028
$159
30%
355$190✅❌❌Y / Y⭐️ 5 (21)
Yellow Submarine at Devonshire Place 3 Bedroom Hom

No image available

$92,524
$395
64%
335$0✅❌❌Y / Y⭐️ 4.7 (54)
Canal Front Cottage - Family & Pet Friendly!

No image available

$59,159
$293
54%
323$125✅❌✅Y / Y⭐️ 5 (144)
Relax in OBX

No image available

$43,397
$269
39%
323$125❌❌❌Y / Y⭐️ 5 (4)
Canal Front OBX Hideaway

No image available

$124,401
$442
76%
324$145❌❌❌Y / Y⭐️ 5 (78)
Anchors Away-Beautiful Waterfront Home! Sunsets!☀️

No image available

$47,372
$261
47%
323$225✅❌✅Y / Y⭐️ 5 (68)
Wave Haven - Bali Style! Hot Tub! Near Bay & Beach

No image available

$26,706
$128
49%
321$250❌✅❌Y / Y⭐️ 5 (80)
Turquoise Waves at Devonshire Place 3 Bedroom Home

No image available

$34,894
$159
57%
345$190✅❌✅Y / Y⭐️ 4.8 (12)
Coral Cove 3 Bedroom Home w/ Pool Access!

No image available

$32,369
$201
44%
345$0✅✅✅Y / N⭐️ 4.2 (45)
#lifeonthewater

No image available

$125,812
$491
69%
322$150❌✅✅Y / Y⭐️ 5 (51)
Sounds About Wright at Cambridge Cove

No image available

$30,744
$175
48%
345$0✅❌❌Y / Y⭐️ 4.5 (9)
Soundside Paradise. Bay Feet Retreat.

No image available

$47,255
$202
63%
342$280✅❌❌Y / N⭐️ 4.9 (44)
Sunny Side Up- Fall $199 Nt Book Today

No image available

$33,127
$152
54%
343$200✅❌❌Y / Y⭐️ 5 (5)
Forever Young - Hot Tub & Pet Friendly

No image available

$50,832
$197
68%
322$150❌✅✅Y / Y⭐️ 5 (67)
A Coastal Cottage Experience with Resort Amenities

No image available

$49,761
$206
66%
341$0✅❌❌Y / Y⭐️ 4.9 (24)
“Outer Bucks” 3BR 2.5 Bath sleeps up to 8 w/pool

No image available

$60,689
$234
63%
337$300✅❌✅Y / Y⭐️ 0 (2)

Return Metrics

-47.19% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)-$19,053-$38,106-$57,160-$76,213-$95,267-$190,534-$571,602
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$542,400$542,400$542,400$542,400$542,400$542,400$542,400
Down Payment$22,600$22,600$22,600$22,600$22,600$22,600$22,600
Property Appreciation$16,950$34,408$52,390$70,912$89,989$194,312$806,403
Total Return$562,896$561,301$560,230$559,698$559,722$568,778$799,801

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

-47.19%

Cap Rate

4.52%

Return on Investment

11.28%

property-location

1681 Colington Rd Kill Devil Hills, North Carolina, 27948-8032

3 bed • 2.5 bath • 9 guests

Est. $2,710/mo

Agent

This property is for sale!

Contact Agent

$45,108

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $183/night at 65% occupancy.Projected nightly rate is $207/night at 57% occupancy.

Top 33% of comparables

Top 44% of comparables


Seasonality

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40

Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$47,228

Avg annual revenue

57%

Avg occupancy rate

$207

Avg nightly rate


🏊‍♂️ Pool
🛁 Hot tub
🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$15k

$50k

$85k

$125k

Sign up to see the data on 40 all comparables

-$19,053

Profit

Revenue

$45,108

Operating Expenses

$19,544

Operating Income

$25,564

Mortgage & Taxes

$44,617

Profit (Cash Flow)

-$19,053

$40,375

Cash Investment

Down Payment

$22,600

Renos & Furnishing

$825

Closing Costs

$16,950

Total

$40,375

DSCR Ratio

Weak

0.57

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

-47.19%

Cap Rate

4.52%

Profit (Cummulative)

-$19,053

$542,400

$825

$16,950

$0

Total Gain

$4,557

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

$32,179

Deductible property tax

$5,593

Your total deduction

$74,000

Your adjusted annual income

$150,000 - $74,000 = $76,000


Taxes on $76,000 (30%)

$22,800

Your old tax bill

$45,000

Your new tax bill

$22,800


Estimated tax savings

$22,200

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:

28,000 sqft

Year built:

1998

Size:

2,230 sqft

Type:

SFR

Parking:

-

Heating:

Forced Air Unit

Sold Comparables

AddressBedsBathsSquare Feet$/SqFtLot SizeYear BuiltLast SaleDays on Market
100 Amherst Dr331,664-2,0002010$500,000-
194 Watersedge Dr331,619-15,0002003$570,000-
105 Lenwood Ct321,272-7,5001987$305,000-
104 Mybet Ct321,344-8,0002016$390,000-
134 Sally Crab Ct333,059-2,0002003$0-
220 Lancer Ct321,300-13,0001977$0-
139 Sir Richard W321,332-8,0002020$0-
208 Sandpiper Dr322,127-17,5002008$167,000-

Property Details

  • MLS Status: Active
  • Property Use: Single Family Residence
  • Stories: 2
  • Lot size: 28,000 sqft
  • Building area: 2,230 sqft
  • Garage: No
  • Heating: Forced air unit
  • Pool: No
  • Fireplaces: -
  • Basement: Yes
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: -
  • Land Use: Residential
  • Parcel Number: 018675000
  • Flood Zone: Yes, Zone

Tax Info

  • Year Assessed: 2024
  • Assessed Value: $301,700
  • County Est. Land Value: $77,400
  • Assessed Land Value: $77,400
  • County Est. Structure Value: $224,300
  • Market Estimate: -


Sale history

DateSale Price% FinancedBuyer
12/07/23$00%Robert Wayne Smet, Jody Denise Johns
07/31/20$311,00090%Robert Wayne Smet, Jody Denise Johns Smet
05/04/15$00%Ava Cole Johnson

Ownership

  • Name: Robert Smet
  • Owner Occupied: Yes
  • Owner Mailing Address: 1681 Colington Rd, Kill Devil Hills, NC 27948
  • Years Owned: 8
  • Home Equity: $261,100
  • Mortgage Balance Remaining: $279,900
  • Financed amount: -
  • Owner Type: Individual
  • Lien: No
  • Inherited: No
  • Foreclosure: No