465 W Church St Elmira, NY, 14901
5 bed • 4 bath • 15 guests
Est. $815/mo
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Airbnb Investor Score
$24,048
Annual Profit
20.9%
Cap Rate
46.2%
Cash on Cash
$56,540
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $307/night at 40% occupancy.Projected nightly rate is $258/night at 60% occupancy.
Top 43% of comparables
Top 38% of comparables
Seasonality
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24
Airbnb Comparables
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$55,877
Avg annual revenue
60%
Avg occupancy rate
$258
Avg nightly rate
Any type
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Any min stay
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Revenue per year
$15k
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$24,049
Profit
Revenue
$56,540
Operating Expenses
$21,030
Operating Income
$35,510
Mortgage & Taxes
$11,461
Profit (Cash Flow)
$24,049
$52,077
Cash Investment
Down Payment
$33,980
Renos & Furnishing
$13,000
Closing Costs
$5,097
Total
$52,077
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
46.17%
Cap Rate
20.9%
STR Tax Calculator (USA)
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
$8,064
Deductible property tax
$1,682
Your total deduction
-$1,184
Your adjusted annual income
$150,000 - -$1,184 = $151,184
Taxes on $151,184 (30%)
$45,355
Your old tax bill
$45,000
Your new tax bill
$45,355
Estimated tax savings
-$355
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
8,840 sqft
Year built:
1870
Size:
3,833 sqft
Type:
MFR
Parking:
2
Heating:
Forced Air Unit
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 401 Columbia St | 5 | 3 | 2,870 | - | 0 | 1870 | $125,000 | 312 |
| 301 W Clinton St | 6 | 2 | 3,478 | - | 0 | 1888 | $180,000 | 0 |
| 513 College Ave | 6 | 3 | 1,440 | - | 0 | 1870 | $0 | - |
| 218 W 3rd St | 3 | 2 | 3,222 | - | 0 | 1890 | $0 | - |
| 403 Columbia St | 5 | 2 | 2,156 | - | 0 | 1890 | $58,500 | - |
| 510-512 Columbia St | 6 | 2 | 2,752 | - | 0 | 1870 | $0 | - |
| 608-610 Columbia St | 6 | 2 | 3,200 | - | 0 | 1920 | $55,000 | - |
| 372 W Water St | 6 | 4 | 3,794 | - | 0 | 1865 | $0 | - |
| 356 Columbia St | - | - | 3,172 | - | 0 | 1950 | $52,900 | 1 |
| 507 Columbia St | 5 | 2 | 2,478 | - | 0 | 1900 | $0 | 389 |
Property Details
- MLS Status: N/A
- Property Use: Duplex (2 Units, Any Combination)
- Stories: -
- Lot size: 8,840 sqft
- Building area: 3,833 sqft
- Garage: Yes
- Heating: Forced air unit
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: NMU
- Land Use: Residential
- Parcel Number: 070400 89.18-6-2
- Flood Zone: No
Tax Info
- Year Assessed: 2020
- Assessed Value: $70,000
- County Est. Land Value: $14,399
- Assessed Land Value: $9,500
- County Est. Structure Value: $91,701
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 10/16/20 | $83,600 | 100% | Dwayne Balcom |
| Invalid Date | $82,000 | 100% | James Capriotti |
| 10/01/18 | $82,000 | 100% | James Capriotti |
| 07/30/10 | $0 | 0% | David Collins |
Ownership
- Name: Dwayne Balcom
- Owner Occupied: Yes
- Owner Mailing Address: 465 W Church St, Elmira, NY 14901
- Years Owned: 49
- Home Equity: -
- Mortgage Balance Remaining: $0
- Financed amount: -
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No