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BNBCalc Short Term Rental Investment Analysis 3020 Remington Dr Wilmington NC 28405

2 bed • 2 bath • 4 guests • $295,000

BNB

Calc

Report by:

Wayne Stratton

Operations Manager at Navigate Rentals & Management

9102181700

inbox@navigaterentals.com

www.navigaterentals.com

Annual Revenue

$32,215

Profit (Cash Flow)

-$7,840

Cash on Cash Return

-10.5%

Cap Rate

4.1%

Annual Revenue

$32,215

AirDNA projects $147/night at 60% occupancy ($32,214). Airbtics projects $110/night at 61% occupancy ($24,507). Airbtics predicts this property will perform in the 45% revenue percentile

BNB Calc projects a 60% occupancy rate, $147 rate per night.

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

Percentiles25%50%75%90%
Revenue$16,019$25,935$38,282$47,903
Occupancy47%63%76%83%
Nightly Rate$88$105$129$148

Seasonality (Profit by Month)

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Return Metrics

-10.54% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)-$7,840-$15,680-$23,521-$31,361-$39,201-$78,403-$235,211
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$236,000$236,000$236,000$236,000$236,000$236,000$236,000
Down Payment$59,000$59,000$59,000$59,000$59,000$59,000$59,000
Property Appreciation$8,850$17,965$27,354$37,025$46,985$101,455$421,042
Total Return$296,009$297,284$298,833$300,663$302,784$318,051$480,831

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

-10.54%

Cap Rate

4.08%

Return on Investment

5.25%

property-location

3020 Remington Dr Wilmington NC 28405 Wilmington, NC, 28405

2 bed • 2 bath • 4 guests

Est. $1,415/mo

Agent

Inquire about this property

Contact Wayne

Operations Manager at Navigate Rentals & Management

$286,600

Zestimate

$32,215

Annual Revenue

This property is projected to be in the top 45% revenue percentile compared to similar properties nearby.
AirDNA projects $147/night at 60% occupancy ($32,214.52). Airbtics projects $110/night at 61% occupancy ($24,507).

Top 56% of comparables

Top 13% of comparables


Seasonality

Sign up to view the full seasonality chart

-$7,840

Profit

Revenue

$32,215

Operating Expenses

$20,155

Operating Income

$12,059

Mortgage & Taxes

$19,900

Profit (Cash Flow)

-$7,840

$74,350

Cash Investment

Down Payment

$59,000

Renos & Furnishing

$6,500

Closing Costs

$8,850

Total

$74,350

DSCR Ratio

Weak

0.61

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Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

-10.54%

Cap Rate

4.08%

Profit (Cummulative)

-$7,840

$236,000

$6,500

$8,850

$0

Total Gain

$3,908

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

$14,001

Deductible property tax

$2,920

Your total deduction

$72,469

Your adjusted annual income

$150,000 - $72,469 = $77,531


Taxes on $77,531 (30%)

$23,259

Your old tax bill

$45,000

Your new tax bill

$23,259


Estimated tax savings

$21,741

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:

2,483 sqft

Year built:

1988

Size:

1,016 sqft

Type:

SFR

Parking:

-

Heating:

Heat Pump

Sold Comparables

AddressBedsBathsSquare Feet$/SqFtLot SizeYear BuiltLast SaleDays on Market
4414 Bridgeport Dr321,354-12,7631991$284,500-
3100 Monticello Ct321,343-8,1461991$292,500-
3031 Weatherby Ct321,689-9,4961994$344,000-
2804 Carthage Dr321,124-14,3751987$345,000-
4328 Lakemoor Dr321,482-13,7651995$363,000-
2911 Caliber Ct321,502-2,7881989$337,000-
4306 Bridgeport Dr321,332-9,2351991$325,000-
4409 Woodcroft Ct321,212-8,1461993$305,000-
4406 Heatherridge Dr321,398-11,8481995$342,000-
2910 New Town Dr321,201-9,7571988$300,000-

Property Details

  • MLS Status: N/A
  • Property Use: Townhouse (Residential)
  • Stories: 1
  • Lot size: 2,483 sqft
  • Building area: 1,016 sqft
  • Garage: No
  • Heating: Heat pump
  • Pool: No
  • Fireplaces: 1
  • Basement: Yes
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: PD,PLANNED DEVELPMNT
  • Land Use: Residential
  • Parcel Number: R02619-008-010-000
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $161,200
  • County Est. Land Value: $50,000
  • Assessed Land Value: $50,000
  • County Est. Structure Value: $111,200
  • Market Estimate: -