948 W Shore Dr Culver, IN, 46511
5 bed • 5 bath • 15 guests
Est. $16,787/mo

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Airbnb Investor Score
-$156,862
Annual Profit
2.3%
Cap Rate
-19.2%
Cash on Cash
$106,801
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
AirDNA projects $513/night at 57% occupancy ($106,800.99). Airbtics projects $712/night at 50% occupancy ($130,026).
Top 36% of comparables
Top 73% of comparables
Seasonality
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Airbnb Comparables
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$129,610
Avg annual revenue
50%
Avg occupancy rate
$712
Avg nightly rate
Any type
House
Apartment
Any min stay
Weekly min
Monthly min
Revenue per year
$45k
$125k
$205k
$290k
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-$156,862
Profit
Revenue
$106,801
Operating Expenses
$27,564
Operating Income
$79,237
Mortgage & Taxes
$236,099
Profit (Cash Flow)
-$156,862
$818,250
Cash Investment
Down Payment
$700,000
Renos & Furnishing
$13,250
Closing Costs
$105,000
Total
$818,250
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-19.17%
Cap Rate
2.26%
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
$166,114
Deductible property tax
$34,650
Your total deduction
$459,348
Your adjusted annual income
$150,000 - $459,348 = -$309,348
Taxes on -$309,348 (30%)
-$92,804
Your old tax bill
$45,000
Your new tax bill
-$92,804
Estimated tax savings
$137,804
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
17,860 sqft
Year built:
1952
Size:
3,679 sqft
Type:
SFR
Parking:
3
Heating:
CENTRAL
Sold Comparables
Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
---|---|---|---|---|---|---|---|---|
403 S Main St | 4 | 3 | 1,742 | - | 15,642 | 1980 | $0 | 206 |
450 S Main St | - | 2 | 1,016 | - | 14,124 | 1972 | $0 | - |
416 S Main St | 3 | 3 | 1,450 | - | 7,686 | 2021 | $0 | 34 |
712 Nueva Gorda St | 3 | 1 | 1,042 | - | 6,480 | 1890 | $0 | - |
1150 South St | 5 | 7 | 3,645 | - | 26,079 | 2022 | $0 | - |
18243 W Shore Cir | 3 | 3 | 3,700 | - | 22,216 | 1998 | $749,000 | 54 |
1223 Hoosier Ln | 4 | 2 | 1,780 | - | 18,731 | 1930 | $425,000 | 222 |
712 Peru Ct | 4 | 5 | 2,946 | - | 9,282 | 1920 | $0 | - |
1140 South St | 3 | 2 | 2,374 | - | 25,875 | 1959 | $2,500,000 | - |
1207 W Shore Dr | 3 | 1 | 2,080 | - | 10,560 | 1920 | $483,000 | 82 |
Property Details
- MLS Status: property-details-mls-status-sold
- Property Use: Single Family Residence
- Stories: 2
- Lot size: 17,860 sqft
- Building area: 3,679 sqft
- Garage: Yes
- Heating: Central
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 50-21-21-000-089.001-013
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2023
- Assessed Value: $1,336,000
- County Est. Land Value: $936,300
- Assessed Land Value: $936,300
- County Est. Structure Value: $399,700
Market Estimate: -