BNBCalc Short Term Rental Investment Analysis 6720 Ridgecroft Ln

2 bed • 2 bath • 6 guests • $521,085

BNB

Calc

Annual Revenue

$34,022

Profit (Cash Flow)

-$18,631

Cap Rate

3.2%

Annual Revenue

$34,022

AirDNA projects $135/night at 69% occupancy ($34,022).

BNB Calc projects a 69% occupancy rate, $135 rate per night.

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

Return Metrics

-14.74% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$18,631	-$37,262	-$55,893	-$74,524	-$93,155	-$186,311	-$558,935
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$416,868	$416,868	$416,868	$416,868	$416,868	$416,868	$416,868
Down Payment	$104,217	$104,217	$104,217	$104,217	$104,217	$104,217	$104,217
Property Appreciation	$15,632	$31,734	$48,318	$65,400	$82,995	$179,209	$743,725
Total Return	$518,086	$515,556	$513,510	$511,960	$510,924	$513,982	$705,874

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-14.74%

Cap Rate

3.17%

Return on Investment

1.67%

6720 Ridgecroft Ln Raleigh, NC, 27615

2 bed • 2 bath • 6 guests

Purchase Price

Est. $2,499/mo

This property is for sale!

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$34,022

Annual Revenue

Projected nightly rate is $135/night at 69% occupancy.

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

-$18,631

Profit

Revenue

$34,022

Operating Expenses

$17,503

Operating Income

$16,520

Mortgage & Taxes

$35,151

Profit (Cash Flow)

-$18,631

$126,350

Cash Investment

Down Payment

$104,217

Renos & Furnishing

$6,500

Closing Costs

$15,633

Total

$126,350

DSCR Ratio

Weak

0.47

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-14.74%

Cap Rate

3.17%

Return on Investment

1.67%

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

$24,731

Deductible property tax

$5,159

Your total deduction

$68,713

Your adjusted annual income

$150,000 - $68,713 = $81,287

Taxes on $81,287 (30%)

$24,386

Your old tax bill

$45,000

Your new tax bill

$24,386

Estimated tax savings

$20,614

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:

12,632 sqft

Year built:

1974

Size:

2,832 sqft

Type:

SFR

Parking:

Heating:

CENTRAL

Sold Comparables

Property Details

MLS Status: Active

Property Use: Single Family Residence

Stories: 1

Lot size: 12,632 sqft

Building area: 2,832 sqft

Garage: Yes

Heating: Central

Pool: No

Fireplaces: 1

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: R-4

Land Use: Residential

Parcel Number: 1707.16-73-5040 0085733

Flood Zone: No

Tax Info

Year Assessed: 2022

Assessed Value: $276,102

County Est. Land Value: $90,000

Assessed Land Value: $90,000

County Est. Structure Value: $186,102

Market Estimate: -

Ownership

Name: Harvey S Sapir

Owner Occupied: Yes

Owner Mailing Address: 6720 Ridgecroft Ln, Raleigh, Nc 27615

Years Owned: 531

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No

Schools

Elementary School: North Ridge Elementary with 4/10 star rating
Middle School: West Millbrook Middle with 5/10 star rating
High School: Sanderson High with 4/10 star rating