BNBCalc Short Term Rental Investment Analysis 24038 Center Ridge Road, Westlake, OH

3 bed • 2 bath • 9 guests • $192,500

BNB

Calc

Annual Revenue

$34,596

Profit (Cash Flow)

$3,433

Cap Rate

8.5%

Annual Revenue

$34,596

AirDNA projects $150/night at 60% occupancy ($32,871). Airbtics projects $148/night at 64% occupancy ($34,595). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 64% occupancy rate, $148 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$23,243	$34,528	$49,219	$60,662
Occupancy	55%	62%	75%	78%
Nightly Rate	$110	$145	$171	$203

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Charming Ranch Home in Westlake!	$35,686	$125	78%	3	1	3	$0	❌	❌	✅	Y / Y	⭐️ 5 (17)
Tranquil 3 bedroom oasis in North Olmsted.	$34,327	$152	59%	3	2	1	$100	❌	❌	❌	Y / Y	⭐️ 5 (55)
The Henry House I Pet Friendly, Cozy, Convenient	$45,362	$164	73%	3	1.5	2	$110	❌	❌	✅	Y / Y	⭐️ 5 (40)
Charming Cleveland area home!	$47,894	$156	77%	3	1.5	2	$160	❌	❌	❌	Y / Y	⭐️ 5 (13)
*2BR Entire Home, 4miles from CLE Airport*	$21,876	$105	54%	3	1	2	$70	❌	❌	❌	Y / Y	⭐️ 4.5 (238)
Cleveland's Urban Oasis	$36,260	$166	57%	3	2	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (91)
Spacious Comfy Home with 3bd/1bath near Cleveland	$19,570	$82	61%	3	1	1	$45	❌	❌	✅	Y / N	⭐️ 5 (115)
Charming 3-bedroom single home with parking	$37,586	$112	89%	3	1	1	$55	❌	❌	❌	Y / Y	⭐️ 5 (178)
Central Lakewood 3bdrm townhouse	$22,967	$106	55%	3	1	1	$65	❌	❌	❌	Y / Y	⭐️ 5 (6)
3 Bedrooms townhouse 8min to EdgeWater Park	$21,232	$103	52%	3	1	1	$65	❌	❌	❌	Y / Y	⭐️ 5 (55)
River House on BW campus!	$26,515	$127	53%	3	1.5	1	$75	❌	❌	✅	Y / Y	⭐️ 5 (67)
Cute, Cozy, Comfy & Close to Everything Cleveland!	$23,734	$112	56%	3	1	2	$110	❌	❌	❌	Y / Y	⭐️ 5 (103)
Huge Family Home: Hot Tub, Crib, Play Area, Rocker	$25,129	$106	56%	3	1	1	$125	❌	✅	❌	Y / Y	⭐️ 5 (103)
* Entire Home - Cleveland Airport, 3BR, 2 bath	$32,261	$162	54%	3	2	2	$40	❌	❌	✅	Y / Y	⭐️ 5 (159)
Charming cottage near Lake Erie/3 bedroom 1 bath	$64,428	$175	100%	3	1	2	$75	❌	❌	✅	Y / Y	⭐️ 5 (52)
Avon Lake Cottage	$36,061	$147	64%	3	1	2	$115	❌	❌	✅	Y / Y	⭐️ 4.8 (35)
Westlake Pool home-Cheerful 3 bed, 1.5 bath ranch	$38,697	$233	42%	3	2	1	$120	✅	❌	✅	Y / Y	⭐️ 4.8 (49)
Kamm’s Corner Urban Garden Home	$49,113	$172	77%	3	2.5	2	$90	❌	❌	✅	Y / Y	⭐️ 5 (98)
Cozy Cleveland Bungalow	$41,701	$176	63%	3	2	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (39)
Charming Modern Farmhouse By Airport, CLE, IX	$35,682	$133	71%	3	2	3	$100	❌	❌	❌	Y / Y	⭐️ 5 (91)
Cute 3BR House Westside Pet Friendly Kingsize Bed	$28,392	$100	76%	3	1	3	$60	❌	❌	✅	Y / Y	⭐️ 5 (141)
Central Downtown Lakewood; Cleveland Private Home	$27,469	$87	77%	3	1	1	$150	❌	❌	❌	N / Y	⭐️ 5 (42)
Chic home near Cleveland airport	$31,956	$143	57%	3	1.5	2	$114	❌	❌	✅	Y / Y	⭐️ 5 (108)
Cozy 3 bedroom home on the west side of Cleveland!	$26,536	$131	55%	3	3	2	$30	❌	❌	❌	Y / Y	⭐️ 4.7 (73)
Cleveland 3 bedroom Getaway!	$38,314	$127	75%	3	1	1	$150	❌	❌	❌	Y / Y	⭐️ 5 (11)
Cozy Second Floor \| Huge Space Perfect Long Rental	$24,293	$171	34%	3	1	1	$125	❌	✅	❌	Y / Y	⭐️ 5 (116)
NEAR Downtown,Tremont, OhioCity, Clev Clinic,Parks	$30,048	$170	45%	3	1	1	$85	❌	❌	✅	Y / Y	⭐️ 4.5 (124)
Stylish Home Perfect for Groups	$34,486	$148	60%	3	2	2	$150	✅	❌	✅	Y / Y	⭐️ 5 (74)
Min from Airport \| Fully Remodeled \| Fam Friendly!	$26,566	$126	54%	3	1	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (77)
Collette House - Regina's Side Free Tesla Charge	$18,809	$85	52%	3	1	1	$75	❌	❌	❌	Y / Y	⭐️ 5 (272)
North Ridgeville-Cozy 3-bedroom 2bath Ranch	$51,310	$177	76%	3	2	1	$115	❌	❌	✅	Y / Y	⭐️ 5 (142)
Charming Home in Berea \| Private Garage\| Smart TV	$70,147	$317	58%	3	1	2	$150	❌	❌	✅	Y / Y	⭐️ 5 (16)
Collette House - Shy's Side Free Tesla Charging	$21,885	$95	56%	3	1	1	$75	❌	❌	❌	Y / Y	⭐️ 5 (310)
Chic Home w/ Deck, Walk to Lake Erie!	$69,484	$261	70%	3	2.5	2	$129	❌	❌	❌	Y / Y	⭐️ 5 (35)
Big Creek Cottage, OH whole home, SuperHost	$55,087	$218	66%	3	2	2	$100	✅	❌	❌	Y / Y	⭐️ 5 (150)
Bright and Cozy Home	$61,317	$202	80%	3	1	2	$120	❌	❌	❌	Y / Y	⭐️ 5 (46)
Grillin' and Chillin' in Central Lakewood PETS OK!	$28,014	$99	71%	3	1	1	$100	❌	❌	✅	Y / Y	⭐️ 5 (215)
Stay at Navy Lane	$37,945	$150	67%	3	2	2	$145	❌	❌	❌	Y / Y	⭐️ 5 (78)
Home away from home w/2 full baths	$50,207	$195	68%	3	2	2	$175	❌	❌	✅	Y / Y	⭐️ 5 (41)
Cozy, Convenient, WFH retreat in Kamms Corners CLE	$43,550	$119	99%	3	2	2	$60	❌	❌	❌	Y / Y	⭐️ 5 (113)

Return Metrics

6.5% 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)	$3,432	$6,865	$10,298	$13,731	$17,164	$34,329	$102,989
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$154,000	$154,000	$154,000	$154,000	$154,000	$154,000	$154,000
Down Payment	$38,500	$38,500	$38,500	$38,500	$38,500	$38,500	$38,500
Property Appreciation	$5,775	$11,723	$17,849	$24,160	$30,660	$66,203	$274,748
Total Return	$201,707	$211,089	$220,648	$230,392	$240,325	$293,033	$570,238

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

6.5%

Cap Rate

8.52%

Return on Investment

21.03%

24038 Center Ridge Rd Westlake, Ohio, 44145

3 bed • 2 bath • 9 guests

Purchase Price

Est. $923/mo

Inquire about this property

Contact Agent

$324,800

Zestimate

Airbnb Investor Score

$3,432

Annual Profit

8.5%

Cap Rate

6.5%

Cash on Cash

$34,596

Annual Revenue

This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
AirDNA projects $150/night at 60% occupancy ($32,871.96). Airbtics projects $148/night at 64% occupancy ($34,595).

Occupancy Rate

Top 46% of comparables

Avg Daily Rate

Top 46% of comparables

Seasonality

40 Airbnb Comparables

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

$36,797

Avg annual revenue

64%

Avg occupancy rate

$148

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

$20k

$35k

$50k

$70k

$3,433

Profit

Revenue

$34,596

Operating Expenses

$18,177

Operating Income

$16,418

Mortgage & Taxes

$12,985

Profit (Cash Flow)

$3,433

$52,775

Cash Investment

Down Payment

$38,500

Renos & Furnishing

$8,500

Closing Costs

$5,775

Total

$52,775

DSCR Ratio

Strong

1.26

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

6.5%

Cap Rate

8.52%

Return on Investment

21.03%

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

$9,136

Deductible property tax

$1,906

Your total deduction

$40,017

Your adjusted annual income

$150,000 - $40,017 = $109,983

Taxes on $109,983 (30%)

$32,995

Your old tax bill

$45,000

Your new tax bill

$32,995

Estimated tax savings

$12,005

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:

2,613 sqft

Year built:

1955

Size:

1,407 sqft

Type:

SINGLE_FAMILY

Parking:

Heating:

Forced air, Gas

Sold Comparables

Property Details

MLS Status: N/A

Property Use: SINGLE_FAMILY

Stories: -

Lot size: 2,613 sqft

Building area: 1,407 sqft

Garage: No

Heating: Forced air, gas

Pool: No

Fireplaces: -

Basement: Yes

Cooling: Central

View: -

Parking: Garage - Attached

Amenities: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer

Price per square foot: $230

Lot Info

Zoning: -

Land Use: -

Parcel Number: 21409022

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $224,700

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $324,800

Schools

High School: Westlake High School with 7/10 star rating