BNBCalc Short Term Rental Investment Analysis 3034 Somme Ave, Norfolk, VA 23509

3 bed • 1 bath • 9 guests • $180,000

BNB

Calc

Annual Revenue

$38,044

Profit (Cash Flow)

$7,276

Cap Rate

10.8%

Annual Revenue

$38,044

AirDNA projects $248/night at 42% occupancy ($38,043). Airbtics projects $201/night at 58% occupancy ($42,580). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 42% occupancy rate, $248 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$25,860	$42,418	$64,123	$95,755
Occupancy	45%	62%	72%	77%
Nightly Rate	$149	$179	$231	$323

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
The Artist’s Way	$42,626	$222	46%	3	2	2	$250	❌	❌	❌	Y / Y	⭐️ 4.7 (47)
Cozy Oasis - Close to Beaches, Downtown, Casino	$37,928	$178	53%	3	3	1	$100	❌	❌	✅	Y / Y	⭐️ 4.7 (68)
Mid-Century Modern Old Town Portsmouth 3bd/2.5 bth	$52,416	$192	72%	3	3	2	$120	❌	❌	❌	Y / Y	⭐️ 5 (91)
Close to Airport + Mid Century Mod 3BR Home	$48,075	$148	80%	3	2	2	$150	❌	❌	❌	Y / Y	⭐️ 4.9 (76)
Portsmouth Perfection Downtown- historic Parkview	$18,611	$98	48%	3	2	3	$95	❌	❌	❌	Y / Y	⭐️ 4.5 (142)
Clean Spacious 3-BD 2-story home	$29,233	$172	37%	3	3	2	$200	❌	❌	✅	Y / Y	⭐️ 4.8 (19)
The House of Norfolk	$30,641	$227	31%	3	3	30	$295	❌	✅	❌	Y / Y	⭐️ 4.8 (23)
Quiet Portsmouth Hideaway	$44,887	$199	54%	3	3	1	$180	❌	❌	❌	Y / Y	⭐️ 4.5 (28)
Penny’s Place- 3 Bed/2Bath	$34,458	$138	63%	3	2	1	$75	❌	❌	❌	Y / Y	⭐️ 4.9 (33)
Gorgeous Olde Towne historic home - modern updates	$56,578	$196	75%	3	3	3	$155	❌	❌	❌	Y / Y	⭐️ 5 (107)
Little Creek Cottage 2 Kings, 2 Twins	$35,685	$150	65%	3	2	2	$0	❌	❌	❌	Y / Y	⭐️ 4.9 (34)
Trini Cottage \| Spacious 3BR \| Deck \| Workspace	$37,249	$249	35%	3	2	2	$150	❌	❌	❌	Y / Y	⭐️ 0 (0)
3 Bedroom Brick Rancher in the heart of the city	$18,167	$95	44%	3	1	2	$155	❌	❌	❌	Y / Y	⭐️ 4.8 (119)
Old Towne Charm	$34,378	$149	59%	3	2	2	$150	❌	❌	❌	Y / Y	⭐️ 4.6 (19)
A Touch of Historic Olde Town	$37,647	$167	58%	3	2	2	$150	❌	❌	❌	N / Y	⭐️ 4.8 (25)
The Connors Home Away From Home	$35,027	$165	58%	3	2	2	$0	❌	❌	✅	Y / Y	⭐️ 4.8 (10)
Cozy apartment near downtown	$20,274	$92	59%	3	1	2	$40	❌	❌	✅	Y / Y	⭐️ 4.8 (12)
Bunk Bungalow close to ODU, Naval Base & Downtown	$46,121	$150	77%	3	1	1	$148	❌	❌	❌	Y / Y	⭐️ 4.8 (36)
Cheerful 3-bedroom ranch home-Self Check-in	$37,274	$134	76%	3	1	1	$0	❌	❌	❌	Y / Y	⭐️ 4.8 (41)
Waters Edge Retreat!	$87,406	$333	70%	3	2	2	$195	❌	❌	❌	Y / Y	⭐️ 5 (58)
Charming Coastal Retreat in the Heart of Norfolk	$38,813	$125	78%	3	2	1	$200	❌	❌	✅	Y / Y	⭐️ 4.8 (14)
3-BR Home 3 mins. to Airport & 11 mins. to Beach	$50,213	$180	71%	3	1	30	$130	❌	❌	✅	Y / Y	⭐️ 4.8 (50)
House in a Historic Area/30 min to the BEACH.	$71,746	$226	85%	3	2	4	$80	❌	❌	❌	Y / Y	⭐️ 5 (17)
Stylish Downtown Apartment w/ Private Balcony.	$75,528	$308	67%	3	2	1	$0	✅	✅	✅	Y / Y	⭐️ 4.8 (24)
Amazing Spacious Downtown Apt. W/Balcony.	$100,968	$435	62%	3	2	1	$55	✅	❌	✅	Y / Y	⭐️ 4.8 (44)
Home away from Home	$45,266	$152	75%	3	3	5	$150	❌	❌	❌	Y / Y	⭐️ 4.3 (19)
Incredible Huge Downtown Apt.	$49,279	$187	72%	3	2	1	$0	✅	❌	✅	Y / Y	⭐️ 5 (7)
Stunning and Amazing Downtown Apt w/ Balcony.	$89,541	$351	68%	3	2	1	$60	✅	✅	✅	Y / Y	⭐️ 5 (2)
Norfolk Vacation Rental: Patio, 3 Mi to Beaches!	$40,098	$132	83%	3	2	30	$135	❌	❌	❌	Y / Y	⭐️ 5 (6)
A Conventional Family Home- Self Check In &Parking	$41,856	$244	44%	3	3	30	$175	❌	❌	❌	Y / Y	⭐️ 4.7 (29)
Very Spacious Beautiful Townhome w/ City View.	$50,580	$191	71%	3	2	1	$50	✅	❌	✅	Y / Y	⭐️ 5 (1)
Central 3 BR, large yard+dogs ok	$62,818	$263	62%	3	2	2	$150	❌	❌	✅	Y / Y	⭐️ 4.5 (17)
Spacious Downtown Amazing Ghent Townhome.	$47,396	$175	74%	3	2	1	$0	✅	✅	✅	Y / Y	⭐️ 5 (1)
Fireplace cozy downtown apt.	$35,685	$150	65%	3	3	1	$0	✅	✅	✅	Y / Y	⭐️ 4.8 (26)
Large, Very Spacious Townhome Downtown Norfolk.	$36,234	$150	66%	3	2	1	$0	✅	❌	✅	Y / Y	⭐️ 0 (0)
The Chesapeake Gray	$41,783	$322	34%	3	3	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (8)

Return Metrics

14.65% cash on cash return is a good return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$7,275	$14,551	$21,827	$29,103	$36,379	$72,758	$218,276
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$144,000	$144,000	$144,000	$144,000	$144,000	$144,000	$144,000
Down Payment	$36,000	$36,000	$36,000	$36,000	$36,000	$36,000	$36,000
Property Appreciation	$5,400	$10,962	$16,690	$22,591	$28,669	$61,904	$256,907
Total Return	$192,675	$205,513	$218,518	$231,695	$245,048	$314,663	$655,183

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

14.65%

Cap Rate

10.78%

Return on Investment

29.09%

3034 Somme Ave Norfolk, VA, 23509

3 bed • 1 bath • 9 guests

Purchase Price

Est. $863/mo

This property is for sale!

Contact Agent

Airbnb Investor Score

$7,275

Annual Profit

10.8%

Cap Rate

14.7%

Cash on Cash

$38,044

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
AirDNA projects $248/night at 42% occupancy ($38,043.81). Airbtics projects $231/night at 58% occupancy ($42,580).

Occupancy Rate

Top 78% of comparables

Avg Daily Rate

Top 18% of comparables

Seasonality

40 Airbnb Comparables

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

$44,001

Avg annual revenue

58%

Avg occupancy rate

$201

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

$40k

$70k

$100k

$7,276

Profit

Revenue

$38,044

Operating Expenses

$18,626

Operating Income

$19,418

Mortgage & Taxes

$12,142

Profit (Cash Flow)

$7,276

$49,650

Cash Investment

Down Payment

$36,000

Renos & Furnishing

$8,250

Closing Costs

$5,400

Total

$49,650

DSCR Ratio

Strong

1.60

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

14.65%

Cap Rate

10.78%

Return on Investment

29.09%

STR Tax Calculator (USA)

On purchasing an Airbnb property, you can subtract the bonus depreciation value and interest payments 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

$8,543

Deductible property tax

$1,782

Your total deduction

$33,443

Your adjusted annual income

$150,000 - $33,443 = $116,557

Taxes on $116,557 (30%)

$34,967

Your old tax bill

$45,000

Your new tax bill

$34,967

Estimated tax savings

$10,033

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

Year built:

Size:

Type:

SFR

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: SFR

Stories: -

Lot size: -

Building area: -

Garage: No

Heating:

Pool: No

Fireplaces: -

Basement: No

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: -

Parcel Number: -

Flood Zone: No

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -