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List a property you own on Airbnb

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Rent from the landlord and list it on Airbnb

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BNBCalc Short Term Rental Investment Analysis 3102 Southwest Dr

3 bed • 2 bath • 9 guests • $199,000

BNB

Calc

Annual Revenue

$28,138

Profit (Cash Flow)

-$2,624

Cap Rate

5.4%

Annual Revenue

$28,138

AirDNA projects $214/night at 36% occupancy ($28,138). Airbtics projects $181/night at 55% occupancy ($36,360). Airbtics predicts this property will perform in the 54% revenue percentile

BNB Calc projects a 36% occupancy rate, $214 rate per night.

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

Percentiles25%50%75%90%
Revenue$22,658$29,479$46,243$60,823
Occupancy46%52%63%70%
Nightly Rate$123$140$178$212

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
Cowboy Bunkhouse hot tub/lake/farm/nature

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$49,842
$171
64%
311$160❌✅❌N / Y⭐️ 5 (169)
3 Bedroom near Lucas Oil Stadium!

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$18,880
$108
40%
331$99❌❌❌Y / N⭐️ 4.8 (53)
Ultra 500 Fun House

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$27,638
$140
51%
312$79❌❌✅Y / Y⭐️ 4.8 (44)
Updated 3 BR home close to IMS & DTWN

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$43,520
$138
73%
311$109❌❌❌Y / Y⭐️ 5 (124)
New modern home in artsy Fountain Square District.

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$33,408
$182
47%
331$100❌❌❌Y / Y⭐️ 5 (76)
Great Location! 3BR Downtown Home steps from Canal

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$49,231
$175
67%
332$150✅❌✅Y / Y⭐️ 4.9 (103)
Cozy Clean Urban Indy Home

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$21,765
$124
43%
311$75❌❌❌Y / Y⭐️ 5 (93)
Beautiful Brand New Home Near Downtown

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$34,246
$195
44%
332$148❌❌✅Y / Y⭐️ 4.9 (24)
Best Loc: conv. center/DT/IUPUI

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$29,686
$122
57%
312$100❌✅✅Y / Y⭐️ 4.9 (63)
Renovated 3 Bedroom Home 5 min to Downtown!

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$24,737
$115
52%
311$135❌❌❌Y / Y⭐️ 4.9 (38)
Walk to Lucas Oil | Arcade | Firepit | Sleeps 8

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$54,604
$224
59%
332$200❌❌❌Y / Y⭐️ 5 (55)
Speedway Charm - Main Gate

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$33,838
$124
73%
312$35❌❌❌Y / Y⭐️ 4.8 (94)
Trackside 1 Block to Track

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$35,105
$147
63%
312$75❌❌✅Y / Y⭐️ 4.7 (32)
Luxury 3 Bedroom Downtown Penthouse Loft

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$109,123
$638
45%
332$250✅❌❌Y / Y⭐️ 5 (61)
Track Shack! A block from the Indy Motor Speedway!

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$22,797
$122
47%
313$150❌❌❌Y / Y⭐️ 5 (18)

Return Metrics

-4.83% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)-$2,623-$5,247-$7,870-$10,494-$13,117-$26,235-$78,705
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$159,200$159,200$159,200$159,200$159,200$159,200$159,200
Down Payment$39,800$39,800$39,800$39,800$39,800$39,800$39,800
Property Appreciation$5,970$12,119$18,452$24,976$31,695$68,439$284,025
Total Return$202,346$205,872$209,582$213,482$217,578$241,204$404,320

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

-4.83%

Cap Rate

5.42%

Return on Investment

9.76%

property-location

3102 Southwest Dr Indianapolis, Indiana, 46241-6260

3 bed • 2 bath • 9 guests

Est. $954/mo

Agent

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Contact Agent

$194,700

Zestimate

Indianapolis

Guide

Zoning

Market

Guide


Laws


Market Data

$28,138

Annual Revenue

This property is projected to be in the top 54% revenue percentile compared to similar properties nearby.
Projected nightly rate is $214/night at 36% occupancy.Projected nightly rate is $181/night at 55% occupancy.

Top 94% of comparables

Top 8% of comparables


Seasonality

Sign up to view the full seasonality chart

15

Airbnb Comparables

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

$39,228

Avg annual revenue

55%

Avg occupancy rate

$181

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

$50k

$80k

$110k

Sign up to see the data on 15 all comparables

-$2,624

Profit

Revenue

$28,138

Operating Expenses

$17,338

Operating Income

$10,800

Mortgage & Taxes

$13,424

Profit (Cash Flow)

-$2,624

$54,270

Cash Investment

Down Payment

$39,800

Renos & Furnishing

$8,500

Closing Costs

$5,970

Total

$54,270

DSCR Ratio

Weak

0.80

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

-4.83%

Cap Rate

5.42%

Profit (Cummulative)

-$2,624

$159,200

$8,500

$5,970

$0

Total Gain

$5,301

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

$9,445

Deductible property tax

$1,970

Your total deduction

$30,959

Your adjusted annual income

$150,000 - $30,959 = $119,041


Taxes on $119,041 (30%)

$35,712

Your old tax bill

$45,000

Your new tax bill

$35,712


Estimated tax savings

$9,288

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:

6,490 sqft

Year built:

1978

Size:

1,422 sqft

Type:

SFR

Parking:

1

Heating:

CENTRAL

Sold Comparables

AddressBedsBathsSquare Feet$/SqFtLot SizeYear BuiltLast SaleDays on Market
4321 Phoenix Dr31936-8,1891980$047
3022 Southwest Dr321,488-11,5431989$215,000-
4823 Mesa Dr321,388-21,5191995$235,500-
3230 Phoenix Cir22945-7,0131988$08
3049 S Roena St21788-5,1841954$123,00042
5118 Hodson Pl321,188-7,1441998$195,00043
3115 Carlsbad Dr321,753-8,4941991$218,00034
5127 Seerley Creek Rd321,164-5,0002001$199,90089
4326 Mesa Ct31936-9,0171968$90,900-
4521 Yuma Dr31936-8,9301967$173,50090

Property Details

  • MLS Status: property-details-mls-status-sold
  • Property Use: Single Family Residence
  • Stories: 1
  • Lot size: 6,490 sqft
  • Building area: 1,422 sqft
  • Garage: Yes
  • Heating: Central
  • Pool: No
  • Fireplaces: 2
  • Basement: Yes
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: -
  • Land Use: Residential
  • Parcel Number: 49-11-30-113-042.000-200
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $147,900
  • County Est. Land Value: $8,200
  • Assessed Land Value: $8,200
  • County Est. Structure Value: $139,700
  • Market Estimate: $182,594


Sale history

DateSale Price% FinancedBuyer
09/12/19$120,00098%Latifah Gray

Ownership

  • Name: Latifah Gray
  • Owner Occupied: Yes
  • Owner Mailing Address: 3102 Southwest Dr, Indianapolis, In 46241
  • Years Owned: 57
  • Home Equity: $26,874
  • Mortgage Balance Remaining: $117,826
  • Financed amount: 98%
  • Owner Type: Individual
  • Lien: No
  • Inherited: No
  • Foreclosure: No