BNBCalc Short Term Rental Investment Analysis 231 Corona Cir, Mooresville, NC, 28117

5 bed • 5.5 bath • 15 guests • $1,173,300

BNB

Calc

Annual Revenue

$120,892

Profit (Cash Flow)

$12,349

Cap Rate

7.8%

Annual Revenue

$120,892

AirDNA projects $815/night at 52% occupancy ($154,790). Airbtics projects $561/night at 59% occupancy ($120,892). Airbtics predicts this property will perform in the 49% revenue percentile

BNB Calc projects a 59% occupancy rate, $561 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$56,876	$110,188	$193,004	$248,318
Occupancy	48%	58%	68%	76%
Nightly Rate	$316	$508	$752	$865

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Family Lake Retreat with Bar & Game-room	$74,229	$276	72%	4	3	5	$225	❌	❌	✅	Y / Y	⭐️ 5 (75)
Stunning Private Getaway on 3 Acres w/ Hot Tub	$263,267	$1,271	56%	5	4	1	$689	✅	✅	✅	Y / Y	⭐️ 5 (16)
Lake Escape's Endless Summer	$86,204	$298	76%	4	2.5	2	$365	❌	❌	✅	Y / Y	⭐️ 5 (95)
Lake Escape's Double Play	$73,189	$282	67%	4	2	2	$365	❌	❌	✅	Y / Y	⭐️ 5 (48)
Ponderosa Pointe by AvantStay \| Boathouse + Views	$194,624	$724	70%	4	3	1	$395	❌	❌	✅	Y / Y	⭐️ 5 (15)
Your Paradise on Lake Norman	$155,344	$663	63%	6	3	3	$350	❌	❌	❌	Y / Y	⭐️ 5 (52)
Laid Back Lake Life by AvantStay \| Waterfront View	$201,574	$749	69%	6	4	1	$450	✅	❌	✅	Y / Y	⭐️ 5 (20)
Stay Awhile by AvantStay \| Lakefront + Pool, Dock	$174,045	$776	57%	5	4	1	$410	✅	❌	✅	Y / Y	⭐️ 5 (31)
Lakefront Retreat, beautiful view with boat dock	$128,015	$864	40%	6	4.5	3	$350	❌	❌	❌	Y / Y	⭐️ 5 (11)
Lake Escape's Sun-Kissed	$149,634	$605	65%	4	2	2	$345	❌	❌	✅	Y / Y	⭐️ 5 (63)
The Paddle House on Lake Norman	$72,615	$248	80%	4	4.5	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (24)
Lake Escape's Barefoot Bungalow	$178,012	$783	61%	4	2	2	$365	❌	❌	✅	Y / Y	⭐️ 5 (60)
Cozy Cottage - Backyard Pool	$50,697	$259	52%	4	3.5	2	$200	✅	❌	✅	Y / Y	⭐️ 5 (36)
Vintage Retreat near Stutts Marina	$62,168	$268	62%	4	3	1	$150	❌	❌	✅	Y / Y	⭐️ 5 (43)
'Commodore Bay’ Waterfront Home on Lake Norman!	$210,217	$821	68%	4	2	3	$278	❌	❌	❌	Y / Y	⭐️ 5 (34)
Spacious Lakefront Retreat, Enjoy Dock and Pool	$98,488	$483	55%	4	3.5	4	$260	✅	✅	✅	Y / Y	⭐️ 4.5 (6)
Southern Sunrise w/Optional Boat Rental	$135,638	$741	48%	4	4	1	$650	❌	❌	❌	N / Y	⭐️ 5 (14)
Pebble Beach - Lakefront Cottage on Lake Norman!	$50,243	$249	53%	4	2	3	$149	❌	❌	✅	Y / Y	⭐️ 5 (37)
Timeless Memories by SoCharm \| Views & Guest Suite	$123,656	$534	59%	4	3.5	1	$300	❌	❌	❌	Y / Y	⭐️ 5 (3)
Namastay at Lake Norman	$137,015	$453	82%	5	5	3	$400	✅	❌	❌	Y / Y	⭐️ 5 (14)
PARADISE FOUND! Pet & Family Friendly Lakefront	$70,825	$323	59%	4	2.5	3	$300	❌	❌	✅	Y / Y	⭐️ 5 (34)
Sun Up, Sun Down by AvantStay \| Pool w/ Waterfall	$196,482	$761	67%	4	3.5	1	$450	✅	❌	✅	Y / Y	⭐️ 4.5 (8)
Southern Comfort by SoCharm \| Lakefront w/Hot Tub	$126,176	$580	55%	4	3	1	$325	❌	✅	✅	Y / Y	⭐️ 5 (44)
Family Friendly Vacation Home	$36,827	$205	46%	4	3	1	$199	❌	✅	✅	Y / Y	⭐️ 4.8 (24)
Elysian Shores	$200,071	$819	66%	4	4.5	3	$650	✅	❌	✅	Y / Y	⭐️ 5 (3)
Spacious Mooresville Home w/ Lake Norman View!	$52,237	$370	32%	4	2.5	2	$361	✅	❌	✅	Y / Y	⭐️ 3.5 (7)
Pet-Friendly Lake Norman Retreat w/ Deck & Grill	$80,145	$541	35%	5	4.5	3	$413	❌	❌	✅	Y / Y	⭐️ 4 (5)
114) Perfect for families!	$82,734	$457	48%	4	3	1	$199	❌	✅	❌	Y / Y	⭐️ 4.7 (3)
Waterfront on Lake Norman, YEAR-ROUND heated pool!	$329,918	$886	99%	4	3.5	4	$450	✅	❌	❌	Y / Y	⭐️ 5 (13)
Waterfront Home at Lake Norman 5 Bedroom 5.5 bath	$185,651	$877	57%	5	6	3	$350	✅	✅	✅	Y / Y	⭐️ 5 (39)
Interior Decorator's Lake Norman Getaway! / Hot Tu	$74,010	$404	49%	4	3	2	$389	❌	✅	❌	Y / Y	⭐️ 4.9 (31)
Gem w/ HEATED Pool/Hottub & Double Fenced Backyard	$72,254	$267	70%	5	3.5	4	$150	✅	✅	✅	Y / Y	⭐️ 5 (100)
Lake Norman Serenity Retreat with HotTub	$52,376	$639	22%	4	3	3	$389	✅	✅	✅	Y / Y	⭐️ 4 (3)
114) Perfect home with Hot tub and fire pit!	$73,289	$471	40%	4	3	1	$300	❌	✅	❌	Y / Y	⭐️ 5 (2)
Lakefront: 2 King Suites, Game Room & Firepit!	$68,349	$415	45%	4	4	2	$0	❌	❌	✅	Y / Y	⭐️ 4.8 (8)
Lakefront, private beach, dock, game room and SUPs	$281,271	$1,450	53%	5	4	7	$0	✅	✅	✅	Y / Y	⭐️ 5 (8)
Family Vacation Home	$46,467	$184	69%	4	3	1	$0	❌	✅	✅	Y / Y	⭐️ 5 (3)
Charming Lake Norman Home- Beautiful Quiet Cove	$199,922	$533	100%	4	3	7	$225	❌	❌	❌	Y / Y	⭐️ 5 (4)
114) Extremely comfortable beds!	$94,208	$468	55%	4	3	1	$0	❌	✅	❌	Y / Y	⭐️ 4 (1)
114) Phenomenal kitchen!	$76,548	$445	47%	4	3	1	$0	❌	✅	❌	Y / Y	⭐️ 0 (0)

Return Metrics

4.36% cash on cash return is a fair return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$12,349	$24,698	$37,047	$49,396	$61,745	$123,490	$370,470
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$938,640	$938,640	$938,640	$938,640	$938,640	$938,640	$938,640
Down Payment	$234,660	$234,660	$234,660	$234,660	$234,660	$234,660	$234,660
Property Appreciation	$35,199	$71,453	$108,796	$147,259	$186,876	$403,517	$1,674,607
Total Return	$1,220,848	$1,269,451	$1,319,143	$1,369,955	$1,421,921	$1,700,307	$3,218,377

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

4.36%

Cap Rate

7.79%

Return on Investment

20.85%

231 Corona Cir Mooresville, North Carolina, 28117

5 bed • 5.5 bath • 15 guests

Purchase Price

Est. $5,628/mo

Inquire about this property

Contact Agent

$1,173,300

Zestimate

Airbnb Investor Score

$12,349

Annual Profit

7.8%

Cap Rate

4.4%

Cash on Cash

$120,892

Annual Revenue

BNBCalc predicts this property will get $561 per night with 59% occupancy, putting it in the top 49% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 48% of comparables

Avg Daily Rate

Top 41% of comparables

Seasonality

40 Airbnb Comparables

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

$125,465

Avg annual revenue

59%

Avg occupancy rate

$561

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

$35k

$130k

$230k

$330k

$12,349

Profit

Revenue

$120,892

Operating Expenses

$29,396

Operating Income

$91,496

Mortgage & Taxes

$79,147

Profit (Cash Flow)

$12,349

$283,234

Cash Investment

Down Payment

$234,660

Renos & Furnishing

$13,375

Closing Costs

$35,199

Total

$283,234

DSCR Ratio

Acceptable

1.16

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

4.36%

Cap Rate

7.79%

Return on Investment

20.85%

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

$55,686

Deductible property tax

$11,616

Your total deduction

$105,734

Your adjusted annual income

$150,000 - $105,734 = $44,266

Taxes on $44,266 (30%)

$13,280

Your old tax bill

$45,000

Your new tax bill

$13,280

Estimated tax savings

$31,720

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:

0.89 sqft

Year built:

2022

Size:

2,175 sqft

Type:

LOT

Parking:

Heating:

Forced air

Sold Comparables

Property Details

MLS Status: N/A

Property Use: LOT

Stories: -

Lot size: 0.89 sqft

Building area: 2,175 sqft

Garage: No

Heating: Forced air

Pool: No

Fireplaces: -

Basement: Yes

Cooling: Central

View: -

Parking: -

Amenities: -

Price per square foot: $539

Lot Info

Zoning: -

Land Use: -

Parcel Number: 4646185442000

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $1,034,060

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $1,173,300

Schools

Elementary School: Lake Norman Elementary School with 5/10 star rating
Middle School: Woodland Heights Middle with 8/10 star rating
High School: Lake Norman High School with 6/10 star rating