BNBCalc Short Term Rental Investment Analysis 1515 Government St, Ocean Springs, MS, 39564

2 bed • 2 bath • 6 guests • $400,000

BNB

Calc

Annual Revenue

$30,133

Profit (Cash Flow)

$2,575

Cap Rate

1.6%

Annual Revenue

$30,133

AirDNA projects $186/night at 51% occupancy ($34,647). Airbtics projects $164/night at 59% occupancy ($35,341). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 33% occupancy rate, $250 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$25,476	$34,311	$49,037	$68,308
Occupancy	48%	57%	71%	84%
Nightly Rate	$140	$158	$182	$214

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Downtown Ocean Springs Duplex w/ A/C 1 Mi to Beach	$25,089	$160	40%	2	1	2	$83	❌	❌	❌	Y / Y	⭐️ 4.5 (56)
The Orange Magnolia Unit A	$24,609	$150	43%	2	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (98)
Above It All	$42,894	$205	56%	2	1	3	$125	❌	❌	❌	Y / Y	⭐️ 5 (89)
The Orange Magnolia Unit B	$26,494	$141	49%	2	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (93)
Vintage Mississippi—7 days 15% off & 25% off Month	$23,684	$99	63%	2	1	1	$50	❌	❌	❌	Y / Y	⭐️ 5 (135)
Downtown Cottage- Walk/Cart Everywhere-2 King Beds	$42,918	$168	66%	2	1	2	$101	❌	❌	✅	Y / Y	⭐️ 5 (61)
Agave House Prime Spot & Pets OK	$38,073	$182	50%	2	1	2	$150	❌	❌	✅	Y / Y	⭐️ 5 (24)
The Belle of Bellande in downtown Ocean Springs	$55,028	$221	66%	2	1	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (34)
Charming Coastal Cottage	$28,025	$151	50%	2	1	2	$39	❌	❌	❌	Y / Y	⭐️ 5 (60)
Magnolia Cottage. Home in Downtown Ocean Springs	$33,384	$149	58%	2	2	2	$125	❌	❌	✅	Y / Y	⭐️ 5 (63)
The Happy Clam-Golf Cart Included	$30,648	$158	50%	2	1	2	$75	❌	❌	✅	Y / Y	⭐️ 5 (58)
Lemon Cottage	$43,432	$138	84%	2	2	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (336)
the Bird House/Center of Ocean Springs	$52,489	$162	87%	2	2	1	$100	❌	❌	✅	Y / Y	⭐️ 5 (273)
Art House - block to downtown & indoor jacuzzi!	$56,837	$180	82%	2	1	2	$100	❌	✅	✅	Y / Y	⭐️ 5 (191)
Downtown Condo Ocean Springs, MS	$28,329	$176	43%	2	2.5	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (128)
Taylor’s Cottage of Ocean Springs.	$28,110	$147	50%	2	1	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (31)
Britt's Creek Condo-perfect place in Ocean Springs	$24,474	$112	54%	2	2.5	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (79)
Downtown Ocean Springs Cottage- The Anna Lee!	$27,715	$129	53%	2	2	2	$125	❌	❌	✅	Y / Y	⭐️ 5 (66)
'Moon Pie Cottage' Near Dtwn Ocean Springs!	$40,682	$159	67%	2	1	2	$104	❌	❌	✅	Y / Y	⭐️ 4.5 (36)
Downtown/Beach Cottage Ocean Springs	$42,545	$124	92%	2	2	2	$120	❌	❌	❌	Y / Y	⭐️ 5 (150)
The Gallery in Ocean Springs - walk to downtown!	$22,850	$133	41%	2	2	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (152)
Downtown Ocean Springs Cottage with Golf Cart!	$38,807	$158	64%	2	2	1	$125	❌	❌	❌	Y / Y	⭐️ 5 (89)
Adorable Cottage in Dtwn Ocean Springs sleeps 4	$27,450	$147	48%	2	1	2	$125	❌	❌	✅	Y / Y	⭐️ 4.9 (12)
Come stay at Cottage in the Springs. Unit 26	$38,423	$144	71%	2	2	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (25)
Azalea Cottage - Ocean Springs perfect location!	$28,797	$120	61%	2	1	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (252)
Oakshade - The Main Suite	$43,634	$157	74%	2	1	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (219)
“Only 1 weekend available in April” Downtown OS!	$67,062	$245	74%	2	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (6)
Lazy Daze Cottage downtown Ocean Springs	$36,401	$125	76%	2	2	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (83)
The Orchard House in Downtown OS	$37,343	$179	57%	2	2	2	$0	❌	❌	❌	N / N	⭐️ 5 (10)
Clark Cottage - W/Golf Cart, near Downtown, Beach	$30,780	$145	58%	2	2	2	$0	❌	❌	✅	Y / Y	⭐️ 5 (10)
Cottage only minutes from DT OS!	$60,772	$184	90%	2	0	1	$45	❌	❌	✅	Y / Y	⭐️ 4.8 (46)
Newly renovated! Great location!	$42,798	$137	83%	2	2	2	$140	❌	❌	✅	Y / Y	⭐️ 5 (48)
Blue Crest	$42,727	$129	89%	2	1	1	$65	❌	❌	❌	Y / Y	⭐️ 5 (42)
Pelican Cove Cottage. NearDowntown.Free golf cart	$31,964	$264	31%	2	2	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (8)
Cheerful 2 BR Bungalow downtown Ocean Springs	$26,126	$188	37%	2	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (25)
1 Mi to Downtown: Modern Ocean Springs Cottage	$48,203	$181	69%	2	2.5	2	$129	❌	❌	❌	Y / N	⭐️ 5 (21)
Sage Cottage (Downtown Ocean Springs)	$23,189	$198	32%	2	2	1	$0	❌	❌	❌	Y / Y	⭐️ 5 (26)
The Porter House - perfect location in Downtown OS	$46,321	$226	56%	2	2.5	2	$0	❌	❌	✅	Y / Y	⭐️ 5 (15)
Cute Comfy Birds Jr. Cottage near beach & Dwtn OS	$30,374	$193	43%	2	2	1	$0	❌	❌	❌	Y / Y	⭐️ 5 (11)
Mermaid Manor - Downtown Ocean Springs	$20,364	$214	26%	2	2	2	$0	❌	❌	✅	Y / Y	⭐️ 5 (5)

Return Metrics

80.48% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$2,575	$5,150	$7,726	$10,301	$12,876	$25,753	$77,261
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$0	$0	$0	$0	$0	$0	$0
Down Payment	$0	$0	$0	$0	$0	$0	$0
Property Appreciation	$24,000	$49,440	$76,406	$104,990	$135,290	$316,339	$1,897,396
Total Return	$26,575	$54,590	$84,132	$115,292	$148,167	$342,092	$1,974,658

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

80.48%

Cap Rate

1.63%

Return on Investment

830.48%

1515 Government St 304 Ocean Springs, Mississippi, 39564

2 bed • 2 bath • 6 guests

Purchase Price

Est. $1,919/mo

Inquire about this property

Contact Agent

$260,500

Zestimate

204

Airbnb Investor Score

-$10,757

Annual Profit

1.6%

Cap Rate

80.5%

Cash on Cash

$30,133

Annual Revenue

BNBCalc predicts this property will get $164 per night with 59% occupancy, putting it in the top 46% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 93% of comparables

Avg Daily Rate

Top 3% of comparables

Seasonality

40 Airbnb Comparables

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

$36,496

Avg annual revenue

59%

Avg occupancy rate

$164

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

$20k

$35k

$50k

$70k

$2,575

Profit

Revenue

$30,133

Operating Expenses

$23,597

Operating Income

$6,535

Mortgage & Taxes

$3,960

Profit (Cash Flow)

$2,575

$3,200

Cash Investment

Down Payment

Renos & Furnishing

Closing Costs

$3,200

Total

$3,200

DSCR Ratio

Weak

0.38

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

80.48%

Cap Rate

1.63%

Return on Investment

830.48%

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

Deductible property tax

$3,960

Your total deduction

$41,090

Your adjusted annual income

$150,000 - $41,090 = $108,910

Taxes on $108,910 (30%)

$32,673

Your old tax bill

$45,000

Your new tax bill

$32,673

Estimated tax savings

$12,327

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:

2023

Size:

888 sqft

Type:

CONDO

Parking:

Heating:

Central, Electric

Sold Comparables

Property Details

MLS Status: N/A

Property Use: CONDO

Stories: 1

Lot size: -

Building area: 888 sqft

Garage: Yes

Heating: Central, electric

Pool: No

Fireplaces: -

Basement: No

Cooling: Central Air, Electric

View: -

Parking: Detached

Amenities: Dishwasher, Free-Standing Electric Range, Free-Standing Gas Range, Microwave

Price per square foot: $293

Lot Info

Zoning: -

Land Use: -

Parcel Number: Unassigned

Flood Zone: No

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $260,500

Schools

High School: Ocean Springs High School with 9/10 star rating