BNBCalc Short Term Rental Investment Analysis 23 Forest Cove Dr, Akron, OH 44319

2 bed • 2 bath • 6 guests • $254,900

BNB

Calc

Annual Revenue

$42,544

Profit (Cash Flow)

$6,138

Cap Rate

9.2%

Annual Revenue

$42,544

AirDNA projects $247/night at 49% occupancy ($44,205). Airbtics projects $208/night at 56% occupancy ($42,543). Airbtics predicts this property will perform in the 43% revenue percentile

BNB Calc projects a 56% occupancy rate, $208 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$27,528	$46,134	$71,462	$86,885
Occupancy	46%	60%	71%	76%
Nightly Rate	$155	$202	$265	$302

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Comfort Cottage - On The Lake	$64,853	$326	53%	2	2	3	$110	❌	❌	❌	Y / Y	⭐️ 5 (70)
The PLX A-Frame Cabin On The Lake	$45,936	$271	44%	2	2	4	$150	❌	❌	❌	Y / Y	⭐️ 5 (75)
Nautical Akron Cottage Rental: Steps to Lake!	$62,136	$220	72%	2	2	2	$109	❌	❌	❌	N / Y	⭐️ 5 (1)
Portage Lakes Portal to fun! Long term stays too	$47,793	$184	67%	2	2	3	$100	❌	❌	✅	Y / Y	⭐️ 4.8 (28)
Portage Lakes Lakeside Cottage with dock	$45,879	$147	81%	2	3	3	$85	❌	❌	✅	Y / Y	⭐️ 5 (28)
Portage Lakes 2 bedroom cottage with pull out sofa	$31,582	$300	27%	2	2	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (20)
☕️Coffee Cottage/Portage Lakes View/Gourmet Coffee	$31,591	$103	76%	2	1	2	$90	❌	❌	✅	N / Y	⭐️ 4.8 (94)
Edgewater Escape- Portage Lake View & Fireplace	$29,965	$106	68%	2	1	2	$114	❌	❌	❌	N / Y	⭐️ 4.8 (41)
Lovely water front 2 bedroom rental unit	$49,305	$248	52%	2	1	1	$50	❌	❌	❌	N / N	⭐️ 4.8 (20)
Relaxing 2 Bedroom home across from Portage Lakes	$14,261	$180	20%	2	1	1	$65	❌	❌	❌	N / N	⭐️ 4.6 (31)

Return Metrics

9.42% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$6,138	$12,276	$18,414	$24,552	$30,690	$61,381	$184,145
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$2,504	$5,162	$7,985	$10,982	$14,163	$33,268	$203,920
Down Payment	$50,980	$50,980	$50,980	$50,980	$50,980	$50,980	$50,980
Property Appreciation	$7,647	$15,523	$23,636	$31,992	$40,598	$87,664	$363,809
Total Return	$67,269	$83,942	$101,016	$118,507	$136,433	$233,294	$802,855

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

9.42%

Cap Rate

9.15%

Return on Investment

25.01%

23 Forest Cove Dr Akron, OH, 44319

2 bed • 2 bath • 6 guests

Purchase Price

Est. $1,223/mo

This property is for sale!

Contact Agent

Akron

Guide

Zoning

Guide

Laws

Airbnb Investor Score

$6,138

Annual Profit

9.2%

Cap Rate

9.4%

Cash on Cash

$42,544

Annual Revenue

BNBCalc predicts this property will get $208 per night with 56% occupancy, putting it in the top 43% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 51% of comparables

Avg Daily Rate

Top 41% of comparables

Seasonality

10 Airbnb Comparables

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

$42,330

Avg annual revenue

56%

Avg occupancy rate

$208

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

$30k

$45k

$65k

$6,138

Profit

Revenue

$42,544

Operating Expenses

$19,211

Operating Income

$23,333

Mortgage & Taxes

$17,195

Profit (Cash Flow)

$6,138

$65,127

Cash Investment

Down Payment

$50,980

Renos & Furnishing

$6,500

Closing Costs

$7,647

Total

$65,127

DSCR Ratio

Strong

1.36

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

9.42%

Cap Rate

9.15%

Return on Investment

25.01%

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

$12,098

Deductible property tax

$2,524

Your total deduction

$20,011

Your adjusted annual income

$150,000 - $20,011 = $129,989

Taxes on $129,989 (30%)

$38,997

Your old tax bill

$45,000

Your new tax bill

$38,997

Estimated tax savings

$6,003

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:

Year built:

Size:

Type:

CONDO

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: CONDO

Stories: -

Lot size: -

Building area: -

Garage: Yes

Heating:

Pool: No

Fireplaces: -

Basement: No

Cooling: -

View: -

Parking: -

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Price per square foot: -

Lot Info

Zoning: -

Land Use: -

Parcel Number: -

Flood Zone: No

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -