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Rent from the landlord and list it on Airbnb

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BNBCalc Short Term Rental Investment Analysis 170 W Polk St 904, Chicago, IL 60605

2 bed β€’ 2 bath β€’ 6 guests β€’ $2,950

BNB

Calc

Report by:

Onboarding Flow User

user-for-onboarding-flow@bnbcalc.com

Annual Revenue

$78,820

Profit (Cash Flow)

$54,694

Cap Rate

1860.8%

Annual Revenue

$78,820

AirDNA projects $332/night at 65% occupancy ($78,819). Airbtics projects $392/night at 74% occupancy ($105,949). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 65% occupancy rate, $332 rate per night.

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

Percentiles25%50%75%90%
Revenue$61,617$94,912$177,916$242,011
Occupancy71%80%91%93%
Nightly Rate$234$315$521$693

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
DOWNTOWN PENTHOUSE #1 | Vintage 2bd (+Gym)
$64,706
$229
72%
212$105βŒβŒβœ…Y / Y⭐️ 4.8 (140)
Kasa | 2BD Near McCormick Place | South Loop
$58,838
$544
29%
222$96βŒβŒβœ…Y / Y⭐️ 4.8 (392)
DOWNTOWN PENTHOUSE#6 | Vintage Loft +gym&balcony
$76,778
$251
79%
223$120βœ…βŒβœ…Y / Y⭐️ 4.7 (175)
Chic Corner 2BR in the Loop | City & Lake Views
$136,926
$454
81%
222$99βŒβŒβœ…Y / Y⭐️ 4.8 (54)
Lavish 2BR/2BA Loft I Next to Grant Park & Museums
$247,189
$692
92%
223$160❌❌❌Y / Y⭐️ 4.9 (136)
Brilliant 2BR/2BA Loft I SuperHost I Sleep 6
$192,559
$705
71%
223$160❌❌❌Y / Y⭐️ 4.9 (105)
Downtown Penthouse LakeViews #1|Gym, Parking, Pool
$113,501
$299
100%
232$200βœ…βŒβœ…Y / Y⭐️ 4.8 (5)
The Downtown Oasis (2BD / 2BA)
$65,552
$200
88%
228$90βœ…βœ…βŒY / Y⭐️ 5 (4)
Downtown Penthouse Skyline 2bdrm
$113,004
$332
93%
222$0βœ…βœ…βŒY / Y⭐️ 0 (0)
Stylish South Loop Condo
$33,836
$215
43%
221$0❌❌❌Y / Y⭐️ 5 (3)

Return Metrics

761.91% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$54,694$109,388$164,082$218,776$273,470$546,941$1,640,823
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$28$59$92$127$163$385$2,360
Down Payment$590$590$590$590$590$590$590
Property Appreciation$88$179$273$370$469$1,014$4,210
Total Return$55,401$110,217$165,038$219,863$274,694$548,930$1,647,983

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

761.91%

Cap Rate

1,860.78%

Return on Investment

763.55%

property-location

170 W Polk St 904 Chicago, IL, 60605

2 bed β€’ 2 bath β€’ 6 guests

Est. $14/mo

Agent

This property is for sale!

Contact Agent

Chicago

Guide

Zoning

Market

Guide


Laws


Market Data

18669

Airbnb Investor Score

$54,694

Annual Profit

1860.8%

Cap Rate

761.9%

Cash on Cash

$78,820

Annual Revenue

BNBCalc predicts this property will get $392 per night with 74% occupancy, putting it in the top 46% revenue percentile compared to similar properties nearby.

Top 71% of comparables

Top 41% of comparables


Seasonality

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10

Airbnb Comparables

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

$110,288

Avg annual revenue

74%

Avg occupancy rate

$392

Avg nightly rate


πŸŠβ€β™‚οΈ Pool
πŸ› Hot tub
🐢 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$35k

$105k

$175k

$250k

Sign up to see the data on 10 all comparables

$54,694

Profit

Revenue

$78,820

Operating Expenses

$23,927

Operating Income

$54,893

Mortgage & Taxes

$199

Profit (Cash Flow)

$54,694

$7,179

Cash Investment

Down Payment

$590

Renos & Furnishing

$6,500

Closing Costs

$89

Total

$7,179

DSCR Ratio

Strong

275.85

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

761.91%

Cap Rate

1,860.78%

Profit (Cummulative)

$54,694

$29

$6,500

$89

$0

Total Gain

$54,812

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

$140

Deductible property tax

$29

Your total deduction

-$53,505

Your adjusted annual income

$150,000 - -$53,505 = $203,505


Taxes on $203,505 (30%)

$61,051

Your old tax bill

$45,000

Your new tax bill

$61,051


Estimated tax savings

-$16,051

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:

-

Size:

-

Type:

CONDO

Parking:

-

Heating:

-

Sold Comparables


Property Details

  • MLS Status: Active
  • Property Use: CONDO
  • Stories: -
  • Lot size: -
  • Building area: -
  • Garage: No
  • Heating:
  • Pool: No
  • Fireplaces: -
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: -
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed:
  • Assessed Value: -
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: -