BNBCalc Short Term Rental Investment Analysis 845 Bakewell Street, Covington, KY

2 bed • 1.5 bath • 12 guests • $324,900

BNB

Calc

Annual Revenue

$27,689

Profit (Cash Flow)

-$11,507

Cap Rate

3.2%

Annual Revenue

$27,689

AirDNA projects $144/night at 51% occupancy ($26,823). Airbtics projects $133/night at 57% occupancy ($27,689). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 57% occupancy rate, $133 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$18,939	$27,598	$39,590	$50,904
Occupancy	46%	57%	69%	80%
Nightly Rate	$108	$126	$150	$164

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
The Main Event! Enjoy Private Parking!	$30,628	$125	63%	2	2	1	$90	❌	❌	❌	Y / Y	⭐️ 5 (102)
Main St. Mecca by shops, restaurants and bars	$23,519	$96	63%	2	1	1	$60	❌	❌	✅	Y / Y	⭐️ 5 (168)
Entire Penthouse 3rd FL 2 Queens & 2 bathrooms #E	$23,502	$157	39%	2	2	2	$99	❌	❌	❌	Y / Y	⭐️ 5 (116)
Main Street Oasis - with Parking	$33,741	$125	67%	2	2.5	1	$110	❌	❌	❌	Y / Y	⭐️ 5 (110)
Back to the Future w/ Marty + Doc - Close to Cincy	$25,838	$171	39%	2	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (49)
Goldie on Greer - Perfect for 4!	$37,854	$152	65%	2	1	1	$80	❌	❌	✅	Y / Y	⭐️ 5 (69)
Heart of Mainstrasse 3	$26,280	$88	71%	2	1	1	$117	❌	❌	❌	Y / Y	⭐️ 5 (33)
Heart of Mainstrasse 4	$22,455	$71	76%	2	1	1	$117	❌	❌	❌	Y / Y	⭐️ 5 (63)
Lovely 2 bedroom rental in Covington Mainstrasse	$15,956	$112	37%	2	1	1	$60	❌	❌	✅	Y / Y	⭐️ 4.5 (36)
Deluxe Penthouse Suite In The Heart Of MainStrasse	$30,080	$135	59%	2	1	30	$65	❌	❌	❌	Y / Y	⭐️ 5 (176)
LUXE Spot Suites	$43,366	$124	92%	2	2	1	$58	❌	❌	❌	Y / Y	⭐️ 4.5 (3)
MainStrasse Village - Casper Otten House	$23,798	$124	51%	2	1	2	$65	❌	❌	❌	Y / Y	⭐️ 5 (259)
House of Liebe - “Actually, I want to live here!”	$24,771	$138	48%	2	1	1	$25	❌	❌	✅	Y / Y	⭐️ 5 (553)
Historic home in the heart of downtown	$28,839	$108	69%	2	1	1	$60	❌	❌	✅	Y / Y	⭐️ 5 (369)
Charming Covington Townhome with Skyline Views!	$31,066	$164	49%	2	2	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (102)
Clean 2BR centrally located to Cin/Cov attractions	$21,623	$144	40%	2	1	1	$60	❌	❌	❌	N / Y	⭐️ 5 (88)
Historic Orange House Apartment	$18,890	$87	58%	2	1	2	$35	❌	❌	❌	Y / Y	⭐️ 5 (98)
Hannaford Townhome W/ Free Parking. Prime Location	$35,736	$134	69%	2	2	1	$70	❌	❌	✅	Y / Y	⭐️ 5 (274)
Lee Street Retreat - The Best of Covington	$22,251	$111	51%	2	1	1	$80	❌	❌	❌	Y / Y	⭐️ 4.5 (48)
Heart of Madison 2	$30,522	$95	80%	2	1	1	$117	❌	❌	❌	Y / Y	⭐️ 5 (38)
The Heart of Madison 3	$29,239	$108	68%	2	1	1	$117	❌	❌	❌	Y / Y	⭐️ 5 (46)
StayYork \| Covington	$40,136	$255	39%	2	2	2	$142	❌	❌	✅	Y / Y	⭐️ 5 (24)
Luxury 2BR within walking distance to Nightlife!!	$29,068	$114	66%	2	1	1	$50	❌	❌	❌	Y / Y	⭐️ 4.8 (122)
Welcome to Jurassic Park! - Dino Themed Condo	$33,960	$200	45%	2	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (11)
Urban Modern Relaxation - Close to Cincy	$35,524	$132	72%	2	1	1	$75	❌	❌	✅	Y / Y	⭐️ 5 (32)
Pickle Factory Wenzel Luxe 1800s Aristocrat	$31,973	$156	56%	2	2	1	$0	❌	❌	❌	N / Y	⭐️ 5 (78)
Pickle Factory In A Pickle Retro Loft 2 bedroom	$34,265	$151	62%	2	2	1	$0	❌	❌	❌	N / Y	⭐️ 5 (82)
Covington Corner Haus Upper Unit• clean & stylish	$22,231	$108	53%	2	2	1	$75	❌	❌	❌	Y / N	⭐️ 4.5 (128)
The Haven - Covington home close to Cincinnati	$26,820	$154	46%	2	1	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (232)
The One About Friends - Central Perk Oasis	$24,842	$135	47%	2	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (47)
The Tres House - "everyday we found something new"	$24,195	$138	47%	2	1.5	1	$35	❌	❌	✅	Y / Y	⭐️ 5 (452)
The Gilded Cincy-View Condo	$24,506	$114	49%	2	1.5	1	$135	❌	❌	❌	Y / Y	⭐️ 5 (114)
The Covington Cottage – Modern 2 BDR Charmer	$21,828	$71	84%	2	1	1	$0	❌	❌	❌	Y / Y	⭐️ 5 (24)
Steps to Madison; 2 BR w/Patio and Parking	$16,708	$103	40%	2	1.5	2	$150	❌	❌	❌	Y / Y	⭐️ 4.5 (89)
Just Across The River - 2 Parking+Steps to Madison	$44,570	$148	80%	2	1.5	1	$77	❌	❌	❌	Y / Y	⭐️ 5 (71)
Hot Tub Riverfront Bungalow w/Stunning Views	$52,309	$150	93%	2	1.5	2	$95	❌	✅	❌	Y / Y	⭐️ 5 (201)
The Happy Traveler #2 - In Historic MainStrasse	$36,741	$128	78%	2	1	1	$65	❌	❌	❌	Y / Y	⭐️ 5 (66)
Covington Home w/ Patio - 3 Mi to Cincinnati!	$21,280	$102	57%	2	2	2	$0	❌	❌	✅	Y / Y	⭐️ 0 (3)

Return Metrics

-14.18% 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)	-$11,507	-$23,014	-$34,521	-$46,028	-$57,535	-$115,071	-$345,215
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$259,920	$259,920	$259,920	$259,920	$259,920	$259,920	$259,920
Down Payment	$64,980	$64,980	$64,980	$64,980	$64,980	$64,980	$64,980
Property Appreciation	$9,747	$19,786	$30,127	$40,777	$51,748	$111,738	$463,717
Total Return	$323,139	$321,672	$320,505	$319,649	$319,112	$321,566	$443,402

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-14.18%

Cap Rate

3.2%

Return on Investment

1.76%

845 Bakewell St Covington, Kentucky, 41011

2 bed • 1.5 bath • 12 guests

Purchase Price

Est. $1,558/mo

Inquire about this property

Contact Agent

-52

Airbnb Investor Score

-$11,507

Annual Profit

3.2%

Cap Rate

-14.2%

Cash on Cash

$27,689

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $144/night at 51% occupancy.Projected nightly rate is $133/night at 57% occupancy.

Occupancy Rate

Top 51% of comparables

Avg Daily Rate

Top 46% of comparables

Seasonality

40 Airbnb Comparables

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

$28,143

Avg annual revenue

57%

Avg occupancy rate

$133

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

$25k

$40k

$55k

-$11,507

Profit

Revenue

$27,689

Operating Expenses

$17,280

Operating Income

$10,410

Mortgage & Taxes

$21,917

Profit (Cash Flow)

-$11,507

$81,102

Cash Investment

Down Payment

$64,980

Renos & Furnishing

$6,375

Closing Costs

$9,747

Total

$81,102

DSCR Ratio

Weak

0.47

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-14.18%

Cap Rate

3.2%

Return on Investment

1.76%

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

$15,420

Deductible property tax

$3,217

Your total deduction

$44,574

Your adjusted annual income

$150,000 - $44,574 = $105,426

Taxes on $105,426 (30%)

$31,628

Your old tax bill

$45,000

Your new tax bill

$31,628

Estimated tax savings

$13,372

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:

1,742 sqft

Year built:

Size:

2,850 sqft

Type:

MULTI_FAMILY

Parking:

Heating:

Forced Air

Sold Comparables

Property Details

MLS Status: N/A

Property Use: MULTI_FAMILY

Stories: 2

Lot size: 1,742 sqft

Building area: 2,850 sqft

Garage: No

Heating: Forced air

Pool: No

Fireplaces: -

Basement: No

Cooling: Central Air

View: Neighborhood

Parking: Driveway

Amenities: Gas Cooktop, Dishwasher, Microwave, Refrigerator

Price per square foot: $114

Lot Info

Zoning: -

Land Use: -

Parcel Number: 0404414025.00

Flood Zone: No

Tax Info

Year Assessed: 2020

Assessed Value: $55,000

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -

Schools

Middle School: Holmes Middle School with 3/10 star rating
High School: Holmes High School with 1/10 star rating