BNBCalc Short Term Rental Investment Analysis 215 Hotchkiss Grove Rd

2 bed • 1 bath • 6 guests • $574,500

BNB

Calc

Annual Revenue

$53,980

Profit (Cash Flow)

-$5,471

Cap Rate

5.8%

Annual Revenue

$53,980

AirDNA projects $254/night at 58% occupancy ($53,807). Airbtics projects $220/night at 61% occupancy ($49,015). Airbtics predicts this property will perform in the 44% revenue percentile

BNB Calc projects a 57.99999999999999% occupancy rate, $255 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$35,664	$52,482	$71,971	$84,431
Occupancy	47%	65%	73%	82%
Nightly Rate	$192	$206	$253	$266

Seasonality (Profit by Month)

Return Metrics

-3.95% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$5,471	-$10,942	-$16,414	-$21,885	-$27,356	-$54,713	-$164,140
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$5,643	$11,635	$17,997	$24,751	$31,922	$74,980	$459,600
Down Payment	$114,900	$114,900	$114,900	$114,900	$114,900	$114,900	$114,900
Property Appreciation	$17,235	$34,987	$53,271	$72,104	$91,502	$197,579	$819,962
Total Return	$132,307	$150,580	$169,755	$189,870	$210,968	$332,746	$1,230,321

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-3.95%

Cap Rate

5.79%

Return on Investment

12.57%

215 Hotchkiss Grove Rd Branford, Connecticut, 06405-5439

2 bed • 1 bath • 6 guests

Purchase Price

Est. $2,756/mo

This property is for sale!

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Branford

Zoning

Laws

$53,980

Annual Revenue

BNBCalc predicts this property will get $220 per night with 61% occupancy, putting it in the top 44% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 61% of comparables

Avg Daily Rate

Top 21% of comparables

Seasonality

-$5,471

Profit

Revenue

$53,980

Operating Expenses

$20,697

Operating Income

$33,283

Mortgage & Taxes

$38,754

Profit (Cash Flow)

-$5,471

$138,385

Cash Investment

Down Payment

$114,900

Renos & Furnishing

$6,250

Closing Costs

$17,235

Total

$138,385

DSCR Ratio

Weak

0.86

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-3.95%

Cap Rate

5.79%

Return on Investment

12.57%

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

$27,266

Deductible property tax

$5,688

Your total deduction

$30,099

Your adjusted annual income

$150,000 - $30,099 = $119,901

Taxes on $119,901 (30%)

$35,970

Your old tax bill

$45,000

Your new tax bill

$35,970

Estimated tax savings

$9,030

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:

4,356 sqft

Year built:

1940

Size:

1,718 sqft

Type:

SFR

Parking:

Heating:

FORCED AIR

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
78 Indian Neck Ave	2	3	3,018	-	8,712	1953	$401,000	25
5 Waverly Rd	3	3	2,604	-	3,485	1920	$737,000	34
97 Linden Ave	6	5	6,973	-	51,401	1875	$1,800,000	3
10 2nd Ave	2	2	2,666	-	5,227	1935	$700,000	82
8 Isabel Ln	3	2	2,557	-	17,424	1930	$500,000	45
97 Hotchkiss Grove Rd	3	4	4,965	-	15,246	1930	$0	90
41 W Haycock Point Rd	6	4	3,450	-	4,356	2010	$0	-
2 Waverly Rd	3	2	3,484	-	5,663	1977	$655,000	-
34 Sybil Ave	3	3	3,549	-	5,227	1973	$755,000	43
17 Collins Dr	3	2	2,842	-	10,890	1951	$395,000	-

Property Details

MLS Status: Active

Property Use: Single Family Residence

Stories: 1

Lot size: 4,356 sqft

Building area: 1,718 sqft

Garage: No

Heating: Forced air

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: Residential

Parcel Number: BRAN M:F10-000 B:010 L:00005

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2023

Assessed Value: $151,900

County Est. Land Value: -

Assessed Land Value: $102,300

County Est. Structure Value: -

Market Estimate: $686,801

Sale history

Date	Sale Price	% Financed	Buyer
11/01/23	$288,000	0%	Thomas J Sullivan

Ownership

Name: Thomas J Sullivan

Owner Occupied: No

Owner Mailing Address: 215 Hotchkiss Grove Rd, Branford, Ct 06405

Years Owned: 7

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No