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BNBCalc Short Term Rental Investment Analysis 408 N Forest Ave, Indianapolis, IN 46201

4 bed • 2 bath • 12 guests • $239,999

BNB

Calc

Annual Revenue

$40,535

Profit (Cash Flow)

$5,396

Cap Rate

9.0%

Annual Revenue

$40,535

AirDNA projects $358/night at 31% occupancy ($40,534). Airbtics projects $282/night at 49% occupancy ($50,469). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 31% occupancy rate, $358 rate per night.

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

Percentiles25%50%75%90%
Revenue$29,629$43,423$76,872$114,540
Occupancy39%47%60%65%
Nightly Rate$196$237$335$464

Seasonality (Profit by Month)

Sign up to view the full seasonality chart

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Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
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45%
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60%
432$145❌❌❌Y / Y⭐️ 5 (54)
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40%
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431$210❌❌✅Y / Y⭐️ 5 (121)
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432$230❌✅✅Y / Y⭐️ 4.9 (66)
Fountain Square Chateau Downtown Indy

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432$190❌❌❌Y / Y⭐️ 4.9 (145)
Huge home 1-min to Bottleworks w/ Hot Tub!

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431$200❌✅❌Y / Y⭐️ 4.8 (41)
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66%
421$165❌❌❌Y / Y⭐️ 4.9 (13)
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432$225❌❌✅Y / Y⭐️ 5 (67)
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48%
422$185❌❌❌Y / Y⭐️ 4.7 (51)
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74%
432$120❌❌❌Y / Y⭐️ 4.8 (135)
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$22,192
$191
30%
422$185❌❌❌Y / Y⭐️ 4.8 (50)
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$416
60%
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$461
30%
431$200❌❌✅Y / Y⭐️ 4.8 (38)
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$208
64%
432$90❌❌❌Y / Y⭐️ 4.9 (36)
Historic Fletcherplace sleeps 12 Indy downtown

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$216
59%
432$225✅❌❌Y / Y⭐️ 4.8 (54)
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No image available

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$83
46%
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Serenity in the Square: Peaceful Deck & Fire Pit

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$200
55%
421$175❌❌❌Y / Y⭐️ 5 (15)
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$225
33%
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39%
452$185❌❌✅Y / Y⭐️ 5 (3)
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47%
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84%
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47%
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35%
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65%
442$185❌❌✅Y / Y⭐️ 5 (46)

Return Metrics

8.21% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$5,395$10,791$16,187$21,582$26,978$53,956$161,870
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$191,999$191,999$191,999$191,999$191,999$191,999$191,999
Down Payment$47,999$47,999$47,999$47,999$47,999$47,999$47,999
Property Appreciation$7,199$14,615$22,254$30,121$38,225$82,539$342,541
Total Return$252,594$265,406$278,440$291,703$305,203$376,495$744,411

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

8.21%

Cap Rate

8.99%

Return on Investment

22.76%

property-location

408 N Forest Ave Indianapolis, IN, 46201

4 bed • 2 bath • 12 guests

Est. $1,151/mo

Agent

This property is for sale!

Contact Agent

Indianapolis

Guide

Zoning

Market

Guide


Laws


Market Data

60

Airbnb Investor Score

$5,395

Annual Profit

9.0%

Cap Rate

8.2%

Cash on Cash

$40,535

Annual Revenue

This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $358/night at 31% occupancy.Projected nightly rate is $282/night at 49% occupancy.

Top 93% of comparables

Top 23% of comparables


Seasonality

Sign up to view the full seasonality chart

40

Airbnb Comparables

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

$54,088

Avg annual revenue

49%

Avg occupancy rate

$282

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

$65k

$115k

$175k

Sign up to see the data on 40 all comparables

$5,396

Profit

Revenue

$40,535

Operating Expenses

$18,950

Operating Income

$21,585

Mortgage & Taxes

$16,190

Profit (Cash Flow)

$5,396

$65,700

Cash Investment

Down Payment

$48,000

Renos & Furnishing

$10,500

Closing Costs

$7,200

Total

$65,700

DSCR Ratio

Strong

1.33

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

8.21%

Cap Rate

8.99%

Profit (Cummulative)

$5,396

$191,999

$10,500

$7,200

$0

Total Gain

$14,953

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

$11,391

Deductible property tax

$2,376

Your total deduction

$26,941

Your adjusted annual income

$150,000 - $26,941 = $123,059


Taxes on $123,059 (30%)

$36,918

Your old tax bill

$45,000

Your new tax bill

$36,918


Estimated tax savings

$8,082

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:

7,000 sqft

Year built:

1955

Size:

2,890 sqft

Type:

SFR

Parking:

2

Heating:

CENTRAL

Sold Comparables

AddressBedsBathsSquare Feet$/SqFtLot SizeYear BuiltLast SaleDays on Market
236 N Temple Ave312,170-4,9911955$115,00077
206 N Forest Ave21720-3,6151940$063
845 N Keystone Ave312,936-7,0091920$055
1407 Marlowe Ave211,680-2,2001995$052
528 N Beville Ave333,362-5,2272019$0108
320 N Lasalle St11530-4,3121910$210,00060
1305 N Dearborn St221,729-6,0981910$0-
330 S Oakland Ave3-1,896-5,2711950$40,000-
514 Woodruff Place Middle Dr322,560-3,4001928$445,000-
510 Woodruff Place Middle Dr321,830-3,4001928$445,00073

Property Details

  • MLS Status: Active
  • Property Use: Single Family Residence
  • Stories: 1
  • Lot size: 7,000 sqft
  • Building area: 2,890 sqft
  • Garage: Yes
  • Heating: Central
  • Pool: No
  • Fireplaces: 0
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: ZO01
  • Land Use: Residential
  • Parcel Number: 49-10-05-187-014.000-101
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $109,700
  • County Est. Land Value: $12,500
  • Assessed Land Value: $12,500
  • County Est. Structure Value: $97,200
  • Market Estimate: $262,842


Sale history

DateSale Price% FinancedBuyer
06/01/23$82,0000%Promised Land Real Estate Llc
12/30/13$00%Strakis 2 Llc
02/23/04$00%S & S Housing Llc
01/29/04$26,6500%Deutsche Bank Natl Trust Company

Ownership

  • Name: Promised Land Real Estate Llc
  • Owner Occupied: No
  • Owner Mailing Address: 10838 Spring Green Dr, Indianapolis, In 46229
  • Years Owned: 14
  • Home Equity: -
  • Mortgage Balance Remaining: $202,000
  • Financed amount: -
  • Owner Type: Investor
  • Lien: No
  • Inherited: No
  • Foreclosure: No