BNBCalc Short Term Rental Investment Analysis 107 Convention Center Drive, Ocean City, MD

2 bed • 2 bath • 9 guests • $300,000

BNB

Calc

Annual Revenue

$49,779

Profit (Cash Flow)

$9,391

Cap Rate

9.9%

Annual Revenue

$49,779

AirDNA projects $240/night at 40% occupancy ($35,063). Airbtics projects $199/night at 49% occupancy ($35,614). Airbtics predicts this property will perform in the 43% revenue percentile

BNB Calc projects a 59% occupancy rate, $231 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$26,685	$38,495	$51,752	$66,749
Occupancy	41%	51%	59%	68%
Nightly Rate	$174	$199	$231	$257

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Thunder island	$17,824	$98	47%	2	2	2	$135	✅	❌	❌	Y / Y	⭐️ 4.8 (106)
2bed/2bath/Pool/Next To Conv Ctr/ On Bay/Mid Town	$45,303	$206	59%	2	2	3	$150	✅	❌	❌	Y / Y	⭐️ 5 (40)
Updated OC Bay view Condo-37th Street-Pool/Marina	$50,900	$203	68%	2	2	3	$85	✅	❌	❌	Y / Y	⭐️ 5 (46)
Blue Haven	$31,962	$189	45%	2	2	2	$100	❌	❌	❌	N / N	⭐️ 5 (36)
Family Condo w/ Pool: Walk to Ocean City Beach!	$35,391	$152	57%	2	2	2	$181	✅	❌	❌	Y / Y	⭐️ 4.7 (39)
Bradley on the Bay 317D- Located in the heart of	$23,470	$99	44%	2	2	1	$212	✅	❌	❌	Y / Y	⭐️ 3.6 (9)
Beach condo on the Bay! Next to Convention Ctr (C)	$42,162	$162	70%	2	2	2	$110	✅	❌	❌	Y / Y	⭐️ 4.6 (133)
Luxurious Condo; Excellent Amenities & Furnishings	$33,810	$298	31%	2	2	5	$125	✅	❌	❌	Y / Y	⭐️ 4.8 (4)
Thunder Island 133C - Ocean City, MD	$58,425	$256	59%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 0 (1)
Bradley On The Bay	$41,232	$206	52%	2	2	2	$170	❌	❌	❌	Y / Y	⭐️ 4.9 (25)
Ocean City, MD, Thunder Island bayfront condo.	$44,410	$250	46%	2	2	1	$90	✅	❌	❌	Y / Y	⭐️ 5 (3)
Condo on the bay with Amazing Waterfront Views (B)	$67,443	$230	79%	2	2	2	$110	✅	❌	❌	Y / Y	⭐️ 4.7 (84)
Bayside Boaters' Paradise \| Pool \| Family Fun	$35,776	$190	51%	2	2	2	$90	✅	❌	❌	Y / Y	⭐️ 4.8 (53)
Gorgeous Midtown Condo.Linens Provided!	$33,470	$198	44%	2	2	3	$180	✅	❌	❌	Y / Y	⭐️ 5 (20)
Thunder Island 117C - Ocean City, MD	$56,951	$271	54%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 0 (3)
Thunder Island 147D - Ocean City, MD	$47,630	$202	57%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 0 (0)
Bayside Pearl @ Thunder Island (170D) 2 Bed 2 Bath	$36,869	$232	42%	2	2	2	$200	✅	❌	❌	Y / Y	⭐️ 4.9 (10)
Thunder Island 75B - Ocean City, MD	$36,167	$176	50%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 0 (1)
Thunder Island 109C - Ocean City, MD	$43,964	$200	55%	2	2	3	$105	✅	❌	❌	Y / Y	⭐️ 0 (0)
Thunder Island 128C - Ocean City, MD	$42,123	$176	60%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 0 (1)
Thunder Island 126C - Ocean City, MD	$61,471	$250	65%	2	2	3	$105	✅	❌	❌	Y / Y	⭐️ 0 (0)
Ocean Block, Ocean View 2 Bedroom Condo 37th St.	$57,644	$227	68%	2	2	3	$79	❌	❌	❌	Y / Y	⭐️ 5 (8)
Thunder Island 141D - Ocean City, MD	$30,562	$179	41%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 0 (2)
Thunder Island 61B - Ocean City, MD	$31,525	$167	39%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 0 (0)
Thunder Island 81B - Ocean City, MD	$41,505	$210	54%	2	2	2	$0	✅	❌	❌	Y / Y	⭐️ 0 (1)
Thunder Island 148D - Ocean City, MD	$58,239	$231	64%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 1 (1)
Thunder Island 80B - Ocean City, MD	$37,851	$192	44%	2	2	2	$105	✅	❌	❌	Y / Y	⭐️ 0 (0)
Thunder Island 112C - Ocean City, MD	$42,037	$169	59%	2	2	3	$105	✅	❌	❌	Y / Y	⭐️ 0 (2)
417 Diamond Beach	$108,865	$293	100%	2	2	7	$90	❌	❌	❌	Y / Y	⭐️ 5 (19)
Thunder Island 161D - Ocean City, MD	$54,895	$280	51%	2	2	3	$105	✅	❌	❌	Y / Y	⭐️ 0 (1)
Thunder Island 132C - Ocean City, MD	$38,043	$187	54%	2	2	3	$105	✅	❌	❌	Y / Y	⭐️ 0 (1)
Thunder Island 168D - Ocean City, MD	$28,517	$159	49%	2	2	2	$0	✅	❌	❌	Y / Y	⭐️ 0 (1)
Bradley Bayfront Condo	$56,920	$192	81%	2	2	2	$0	✅	❌	❌	Y / Y	⭐️ 5 (10)

Return Metrics

12.43% cash on cash return is a good return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$9,390	$18,781	$28,172	$37,563	$46,953	$93,907	$281,722
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000
Down Payment	$60,000	$60,000	$60,000	$60,000	$60,000	$60,000	$60,000
Property Appreciation	$9,000	$18,270	$27,818	$37,652	$47,782	$103,174	$428,178
Total Return	$318,390	$337,051	$355,990	$375,215	$394,736	$497,082	$1,009,901

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

12.43%

Cap Rate

9.87%

Return on Investment

28.26%

107 Convention Center Dr Ocean City, Maryland, 21842

2 bed • 2 bath • 9 guests

Purchase Price

Est. $1,439/mo

Inquire about this property

Contact Agent

Airbnb Investor Score

$9,390

Annual Profit

9.9%

Cap Rate

12.4%

Cash on Cash

$49,779

Annual Revenue

This property is projected to be in the top 43% revenue percentile compared to similar properties nearby.
Projected nightly rate is $240/night at 40% occupancy.Projected nightly rate is $199/night at 49% occupancy.

Occupancy Rate

Top 28% of comparables

Avg Daily Rate

Top 26% of comparables

Seasonality

40 Airbnb Comparables

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

$39,569

Avg annual revenue

49%

Avg occupancy rate

$199

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

$45k

$75k

$110k

$9,391

Profit

Revenue

$49,779

Operating Expenses

$20,151

Operating Income

$29,628

Mortgage & Taxes

$20,237

Profit (Cash Flow)

$9,391

$75,500

Cash Investment

Down Payment

$60,000

Renos & Furnishing

$6,500

Closing Costs

$9,000

Total

$75,500

DSCR Ratio

Strong

1.46

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

12.43%

Cap Rate

9.87%

Return on Investment

28.26%

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

$14,238

Deductible property tax

$2,970

Your total deduction

$21,227

Your adjusted annual income

$150,000 - $21,227 = $128,773

Taxes on $128,773 (30%)

$38,632

Your old tax bill

$45,000

Your new tax bill

$38,632

Estimated tax savings

$6,368

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:

Year built:

1984

Size:

931 sqft

Type:

APARTMENT

Parking:

Heating:

Forced air

Sold Comparables

Property Details

MLS Status: N/A

Property Use: APARTMENT

Stories: -

Lot size: -

Building area: 931 sqft

Garage: No

Heating: Forced air

Pool: No

Fireplaces: -

Basement: No

Cooling: Central

View: -

Parking: Off-street

Amenities: Dishwasher, Dryer, Washer

Price per square foot: $520

Lot Info

Zoning: -

Land Use: -

Parcel Number: 266173

Flood Zone: No

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -

Schools

High School: Stephen Decatur High School with 5/10 star rating