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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}

Percentiles25%50%75%90%
Revenue$24,995$38,605$69,949$86,738
Occupancy40%51%70%77%
Nightly Rate$168$202$266$300

Seasonality (Profit by Month)

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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!

No image available

$64,449
$312
56%
322$100❌❌✅Y / Y⭐️ 5 (42)
Secluded Home on Potts Creek

No image available

$53,125
$175
80%
322$125❌❌✅Y / Y⭐️ 5 (23)
Country Haven Cottage has a great location!

No image available

$33,877
$178
52%
322$0❌❌❌N / Y⭐️ 5 (25)
Comfy Creekside Getaway in Eagle Rock, VA

No image available

$40,260
$200
55%
321$0❌❌✅Y / Y⭐️ 5 (12)
Susie's Place

No image available

$33,946
$123
73%
312$75❌❌✅Y / Y⭐️ 5 (117)
Cosy Mountain House

No image available

$38,306
$208
50%
32.52$100❌❌✅Y / Y⭐️ 4.5 (10)
Farm's Edge Cabin at Apple Horse Farm

No image available

$53,555
$184
79%
322$50❌❌❌Y / Y⭐️ 5 (203)
Peaceful farm cabin on the James River

No image available

$52,073
$294
48%
322$70✅❌✅Y / Y⭐️ 5 (67)
Pondersa Log Cabin

No image available

$72,468
$300
66%
322$0❌❌❌Y / Y⭐️ 0 (0)
The Old Parsonage House - Entire Historic B&B

No image available

$54,340
$303
49%
33.51$0❌❌❌Y / N⭐️ 5 (14)
Cozy Cabin w/ Patio on Craig Creek: Pets OK!

No image available

$37,783
$268
37%
313$124❌❌✅Y / Y⭐️ 4.5 (14)
Jackson River Estate Cozy Cottage on the River

No image available

$52,713
$184
73%
321$165❌❌✅Y / Y⭐️ 4.5 (33)
The Company House

No image available

$35,428
$242
40%
322$0❌❌❌Y / Y⭐️ 0 (1)
Rhonda's View, a cozy cabin on the river!

No image available

$46,599
$168
75%
322$100❌❌❌Y / Y⭐️ 5 (86)
Eagle Rock Cottage: Cozy Creekside Getaway w/ Deck

No image available

$37,399
$301
32%
322$129❌❌✅Y / Y⭐️ 5 (4)
Jackson River Retreat

No image available

$71,110
$205
94%
322$95❌❌❌Y / Y⭐️ 4.8 (40)
Verge St. Villa!

No image available

$39,610
$146
71%
312$140✅❌❌Y / Y⭐️ 5 (12)
326 Old White Trail

No image available

$28,066
$170
41%
311$120❌❌❌Y / Y⭐️ 5 (30)
Mountain Getaway

No image available

$26,057
$155
39%
322$100❌❌❌Y / Y⭐️ 5 (96)
Mountain Top Cabin

No image available

$30,352
$263
31%
322$100❌❌❌Y / Y⭐️ 4.5 (31)
Newly remodeled 3 bedroom with mountain views

No image available

$30,239
$162
51%
321$0❌❌✅Y / Y⭐️ 5 (68)
3 Bedroom, 3 Bath Home

No image available

$41,577
$252
44%
332$100❌❌❌Y / Y⭐️ 5 (13)
Cabin on Craig Creek

No image available

$14,274
$130
30%
312$50❌✅✅N / Y⭐️ 4.7 (39)
Spacious, quiet, mountain house

No image available

$41,558
$167
68%
321$0❌❌❌Y / Y⭐️ 0 (3)
Authentic Log Cabin in the Woods

No image available

$54,156
$274
54%
322$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

Y1Y2Y3Y4Y5Y10Y30
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:

3%

Revenue Appreciation:

0%

Cash on Cash Return

2.79%

Cap Rate

3.91%

Return on Investment

5.66%

property-location

2804 Potts Creek Rd Covington, Virginia, 24426

3 bed • 2 bath • 9 guests

Est. $2,825/mo

Agent

Inquire about this property

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36

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).

Top 43% of comparables

Top 43% of comparables


Seasonality

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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

Sign up to see the data on 26 all comparables

$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

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

2.79%

Cap Rate

3.91%

Profit (Cummulative)

$17,210

$0

$8,500

$17,670

$0

Total Gain

$34,880

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

$0

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