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BNBCalc Short Term Rental Investment Analysis 6607 Wakefield Ave

3 bed • 2 bath • 9 guests • $411,400

BNB

Calc

Annual Revenue

$55,459

Profit (Cash Flow)

$6,817

Cap Rate

8.4%

Annual Revenue

$55,459

AirDNA projects $292/night at 52% occupancy ($55,458). Airbtics projects $182/night at 56% occupancy ($37,225). Airbtics predicts this property will perform in the 49% revenue percentile

BNB Calc projects a 52% occupancy rate, $292 rate per night.

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

Percentiles25%50%75%90%
Revenue$21,545$34,974$53,255$74,475
Occupancy47%60%67%73%
Nightly Rate$121$152$208$269

Seasonality (Profit by Month)

Sign up to view the full seasonality chart

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Rate/night
Occupancy
Beds
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Night
Cleaning
Pool
Tub
Pets
W/D
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Return Metrics

6.61% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$6,817$13,634$20,451$27,269$34,086$68,172$204,518
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$329,120$329,120$329,120$329,120$329,120$329,120$329,120
Down Payment$82,280$82,280$82,280$82,280$82,280$82,280$82,280
Property Appreciation$12,342$25,054$38,147$51,634$65,525$141,487$587,175
Total Return$430,559$450,088$469,999$490,303$511,011$621,059$1,203,094

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

6.61%

Cap Rate

8.4%

Return on Investment

22.49%

property-location

6607 Wakefield Ave Cleveland, Ohio, 44102-3952

3 bed • 2 bath • 9 guests

Est. $1,973/mo

Agent

Inquire about this property

Contact Agent

$411,400

Zestimate

Cleveland

Guide

Zoning

Market

Guide


Laws


Market Data

$55,459

Annual Revenue

This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $292/night at 52% occupancy.Projected nightly rate is $182/night at 56% occupancy.

Top 66% of comparables

Top 8% 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.

$36,992

Avg annual revenue

56%

Avg occupancy rate

$182

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

$10k

$40k

$65k

$95k

Sign up to see the data on 40 all comparables

$6,817

Profit

Revenue

$55,459

Operating Expenses

$20,890

Operating Income

$34,569

Mortgage & Taxes

$27,752

Profit (Cash Flow)

$6,817

$103,122

Cash Investment

Down Payment

$82,280

Renos & Furnishing

$8,500

Closing Costs

$12,342

Total

$103,122

DSCR Ratio

Acceptable

1.25

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

6.61%

Cap Rate

8.4%

Profit (Cummulative)

$6,817

$329,120

$8,500

$12,342

$0

Total Gain

$23,201

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

$19,525

Deductible property tax

$4,073

Your total deduction

$35,112

Your adjusted annual income

$150,000 - $35,112 = $114,888


Taxes on $114,888 (30%)

$34,466

Your old tax bill

$45,000

Your new tax bill

$34,466


Estimated tax savings

$10,534

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:

4,000 sqft

Year built:

2020

Size:

2,098 sqft

Type:

SFR

Parking:

2

Heating:

Forced Air Unit

Sold Comparables

AddressBedsBathsSquare Feet$/SqFtLot SizeYear BuiltLast SaleDays on Market
1919 W 77th St311,338-4,8651900$0-
4906 Bridge Ave322,244-3,9601910$494,000-
2123 W 81st St311,222-4,0001890$126,000-
1443 W 50th St331,820-4,2001920$415,000-
7612 Colgate Ave311,297-4,4101900$50,000-
7907 Elton Ave311,286-4,4101915$28,500839
7412 Dudley Ave31724-4,4101915$115,000-
7705 Camden Ave311,013-4,1601900$65,500-
3169 W 58th St311,308-5,0751900$0-
1866 W 48th St311,360-2,0721890$0-

Property Details

  • MLS Status: property-details-mls-status-cancelled
  • Property Use: Single Family Residence
  • Stories: -
  • Lot size: 4,000 sqft
  • Building area: 2,098 sqft
  • Garage: Yes
  • Heating: Forced air unit
  • Pool: No
  • Fireplaces: -
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: 2F
  • Land Use: Residential
  • Parcel Number: 002-25-008
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $12,600
  • County Est. Land Value: $36,000
  • Assessed Land Value: $12,600
  • County Est. Structure Value: $333,900
  • Market Estimate: -


Sale history

DateSale Price% FinancedBuyer
06/18/20$369,90095%Jessica Edelstein, Ryan Mitchell Krisby
05/25/12$2,500100%Grace Assets Llc
01/20/05$12,600100%Laura A Steelman
10/08/04$44,000100%Better Solutions Enterprises Inc
12/23/99$62,00097%Don Mathews
11/19/98$26,500100%Milton Clement
09/25/98$26,500100%Thomas E Lisena
05/08/98$00%William Robert Kencsan, Joseph Kencson

Ownership

  • Name: Jessica Edelstein
  • Owner Occupied: Yes
  • Owner Mailing Address: 6609 Wakefield Ave, Cleveland, OH 44102
  • Years Owned: 52
  • Home Equity: $59,595
  • Mortgage Balance Remaining: $351,405
  • Financed amount: -
  • Owner Type: Individual
  • Lien: No
  • Inherited: No
  • Foreclosure: No

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