BNBCalc Short Term Rental Investment Analysis 2804 Potts Creek Rd, Covington, VA, 24426

3 bed • 2 bath • 9 guests • $589,000

BNB

Calc

Annual Revenue

$42,208

Profit (Cash Flow)

$17,210

Cap Rate

3.9%

Annual Revenue

$42,208

AirDNA projects $140/night at 36% occupancy ($18,408). Airbtics projects $214/night at 54% occupancy ($42,207). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 54% occupancy rate, $214 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$24,995	$38,605	$69,949	$86,738
Occupancy	40%	51%	70%	77%
Nightly Rate	$168	$202	$266	$300

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Serenity on Craig - New Construction/ New Hot Tub!	$64,449	$312	56%	3	2	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (42)
Secluded Home on Potts Creek	$53,125	$175	80%	3	2	2	$125	❌	❌	✅	Y / Y	⭐️ 5 (23)
Country Haven Cottage has a great location!	$33,877	$178	52%	3	2	2	$0	❌	❌	❌	N / Y	⭐️ 5 (25)
Comfy Creekside Getaway in Eagle Rock, VA	$40,260	$200	55%	3	2	1	$0	❌	❌	✅	Y / Y	⭐️ 5 (12)
Susie's Place	$33,946	$123	73%	3	1	2	$75	❌	❌	✅	Y / Y	⭐️ 5 (117)
Cosy Mountain House	$38,306	$208	50%	3	2.5	2	$100	❌	❌	✅	Y / Y	⭐️ 4.5 (10)
Farm's Edge Cabin at Apple Horse Farm	$53,555	$184	79%	3	2	2	$50	❌	❌	❌	Y / Y	⭐️ 5 (203)
Peaceful farm cabin on the James River	$52,073	$294	48%	3	2	2	$70	✅	❌	✅	Y / Y	⭐️ 5 (67)
Pondersa Log Cabin	$72,468	$300	66%	3	2	2	$0	❌	❌	❌	Y / Y	⭐️ 0 (0)
The Old Parsonage House - Entire Historic B&B	$54,340	$303	49%	3	3.5	1	$0	❌	❌	❌	Y / N	⭐️ 5 (14)
Cozy Cabin w/ Patio on Craig Creek: Pets OK!	$37,783	$268	37%	3	1	3	$124	❌	❌	✅	Y / Y	⭐️ 4.5 (14)
Jackson River Estate Cozy Cottage on the River	$52,713	$184	73%	3	2	1	$165	❌	❌	✅	Y / Y	⭐️ 4.5 (33)
The Company House	$35,428	$242	40%	3	2	2	$0	❌	❌	❌	Y / Y	⭐️ 0 (1)
Rhonda's View, a cozy cabin on the river!	$46,599	$168	75%	3	2	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (86)
Eagle Rock Cottage: Cozy Creekside Getaway w/ Deck	$37,399	$301	32%	3	2	2	$129	❌	❌	✅	Y / Y	⭐️ 5 (4)
Jackson River Retreat	$71,110	$205	94%	3	2	2	$95	❌	❌	❌	Y / Y	⭐️ 4.8 (40)
Verge St. Villa!	$39,610	$146	71%	3	1	2	$140	✅	❌	❌	Y / Y	⭐️ 5 (12)
326 Old White Trail	$28,066	$170	41%	3	1	1	$120	❌	❌	❌	Y / Y	⭐️ 5 (30)
Mountain Getaway	$26,057	$155	39%	3	2	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (96)
Mountain Top Cabin	$30,352	$263	31%	3	2	2	$100	❌	❌	❌	Y / Y	⭐️ 4.5 (31)
Newly remodeled 3 bedroom with mountain views	$30,239	$162	51%	3	2	1	$0	❌	❌	✅	Y / Y	⭐️ 5 (68)
3 Bedroom, 3 Bath Home	$41,577	$252	44%	3	3	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (13)
Cabin on Craig Creek	$14,274	$130	30%	3	1	2	$50	❌	✅	✅	N / Y	⭐️ 4.7 (39)
Spacious, quiet, mountain house	$41,558	$167	68%	3	2	1	$0	❌	❌	❌	Y / Y	⭐️ 0 (3)
Authentic Log Cabin in the Woods	$54,156	$274	54%	3	2	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (10)

Return Metrics

2.79% 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)	$17,209	$34,419	$51,628	$68,838	$86,047	$172,095	$516,285
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$0	$0	$0	$0	$0	$0	$0
Down Payment	$589,000	$589,000	$589,000	$589,000	$589,000	$589,000	$589,000
Property Appreciation	$17,670	$35,870	$54,616	$73,924	$93,812	$202,566	$840,657
Total Return	$623,879	$659,289	$695,244	$731,762	$768,859	$963,661	$1,945,942

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

2.79%

Cap Rate

3.91%

Return on Investment

5.66%

2804 Potts Creek Rd Covington, Virginia, 24426

3 bed • 2 bath • 9 guests

Purchase Price

Est. $2,825/mo

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Airbnb Investor Score

$17,209

Annual Profit

3.9%

Cap Rate

2.8%

Cash on Cash

$42,208

Annual Revenue

This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
AirDNA projects $140/night at 36% occupancy ($18,408.29). Airbtics projects $214/night at 54% occupancy ($42,207).

Occupancy Rate

Top 43% of comparables

Avg Daily Rate

Top 43% of comparables

Seasonality

26 Airbnb Comparables

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

$42,561

Avg annual revenue

54%

Avg occupancy rate

$214

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

$35k

$50k

$75k

$17,210

Profit

Revenue

$42,208

Operating Expenses

$19,167

Operating Income

$23,041

Mortgage & Taxes

$5,831

Profit (Cash Flow)

$17,210

$615,170

Cash Investment

Down Payment

$589,000

Renos & Furnishing

$8,500

Closing Costs

$17,670

Total

$615,170

DSCR Ratio

Strong

3.95

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

2.79%

Cap Rate

3.91%

Return on Investment

5.66%

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

Deductible property tax

$5,831

Your total deduction

$48,261

Your adjusted annual income

$150,000 - $48,261 = $101,739

Taxes on $101,739 (30%)

$30,522

Your old tax bill

$45,000

Your new tax bill

$30,522

Estimated tax savings

$14,478

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:

12.03 sqft

Year built:

1973

Size:

1,664 sqft

Type:

SINGLE_FAMILY

Parking:

Heating:

Wall Furnace

Sold Comparables

Property Details

MLS Status: N/A

Property Use: SINGLE_FAMILY

Stories: 1

Lot size: 12.03 sqft

Building area: 1,664 sqft

Garage: No

Heating: Wall furnace

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: Electric

View: Creek

Parking: None, Gravel

Amenities: Microwave, Range/Oven

Price per square foot: $353

Lot Info

Zoning: -

Land Use: -

Parcel Number: 07200000000160

Flood Zone: Yes, Zone High risk: Special Flood Hazard Area (SFHA), high flood risk

Tax Info

Year Assessed: 2023

Assessed Value: $37,200

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -

Schools

Elementary School: Callaghan Elementary School with 7/10 star rating
High School: Alleghany High School with 2/10 star rating