BNBCalc Short Term Rental Investment Analysis 2015 2nd Ave, Seattle, WA 98121

2 bed • 2 bath • 6 guests • $11,061

BNB

Calc

Annual Revenue

$45,517

Profit (Cash Flow)

$25,173

Cap Rate

234.3%

Annual Revenue

$45,517

AirDNA projects $317/night at 71% occupancy ($82,205). Airbtics projects $186/night at 67% occupancy ($45,516). Airbtics predicts this property will perform in the 43% revenue percentile

BNB Calc projects a 67% occupancy rate, $186 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$35,388	$51,019	$59,636	$74,105
Occupancy	60%	69%	77%	80%
Nightly Rate	$149	$186	$217	$251

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Gorgeous 2 BR Penthouse in the Heart of the City	$76,805	$250	79%	2	1	2	$75	✅	✅	❌	Y / Y	⭐️ 4.9 (96)
True Wallingford Craftsman	$73,806	$267	74%	2	1	4	$80	❌	❌	❌	Y / Y	⭐️ 5 (208)
Garden Apartment in Madison Valley	$45,325	$136	89%	2	1	3	$40	❌	❌	✅	Y / Y	⭐️ 4.7 (347)
2/1 Plush Modern Hilltop Retreat	$33,789	$141	60%	2	1	3	$100	❌	❌	❌	Y / Y	⭐️ 4.8 (198)
Cozy Nest in Heart of City near Convention Cntr	$56,714	$220	66%	2	1	3	$110	❌	❌	❌	Y / Y	⭐️ 4.8 (304)
Teeny Tiny Guestyhouse!	$18,816	$97	53%	2	1	3	$0	❌	❌	❌	N / Y	⭐️ 5 (531)
Elegant Vintage Craftsman Apartment With Garden	$30,373	$175	44%	2	1	1	$115	❌	❌	❌	Y / Y	⭐️ 4.9 (345)
St. John's Apt. 309 Walkscore 99	$58,124	$190	73%	2	2	3	$175	❌	❌	❌	Y / Y	⭐️ 4.8 (187)
Elegant Madison Park Townhome	$60,141	$208	79%	2	3	3	$99	❌	❌	❌	Y / Y	⭐️ 5 (20)
2-Bed West Seattle Tiny Home w/views of Downtown	$40,188	$183	60%	2	1	1	$0	❌	❌	❌	N / Y	⭐️ 0 (0)

Return Metrics

278.34% 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)	$25,173	$50,346	$75,520	$100,693	$125,866	$251,733	$755,201
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$8,848	$8,848	$8,848	$8,848	$8,848	$8,848	$8,848
Down Payment	$2,212	$2,212	$2,212	$2,212	$2,212	$2,212	$2,212
Property Appreciation	$331	$673	$1,025	$1,388	$1,761	$3,804	$15,786
Total Return	$36,566	$62,081	$87,606	$113,142	$138,689	$266,599	$782,049

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

278.34%

Cap Rate

234.33%

Return on Investment

283.21%

2015 2nd Ave Seattle, WA, 98121

2 bed • 2 bath • 6 guests

Purchase Price

Est. $53/mo

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Contact Agent

Seattle

Guide

Zoning

Market

Guide

Laws

Market Data

2806

Airbnb Investor Score

$25,173

Annual Profit

234.3%

Cap Rate

278.3%

Cash on Cash

$45,517

Annual Revenue

This property is projected to be in the top 43% revenue percentile compared to similar properties nearby.
Projected nightly rate is $317/night at 71% occupancy.Projected nightly rate is $186/night at 67% occupancy.

Occupancy Rate

Top 51% of comparables

Avg Daily Rate

Top 51% of comparables

Seasonality

10 Airbnb Comparables

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

$49,408

Avg annual revenue

67%

Avg occupancy rate

$186

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

$55k

$80k

$25,173

Profit

Revenue

$45,517

Operating Expenses

$19,597

Operating Income

$25,920

Mortgage & Taxes

$746

Profit (Cash Flow)

$25,173

$9,044

Cash Investment

Down Payment

$2,212

Renos & Furnishing

$6,500

Closing Costs

$332

Total

$9,044

DSCR Ratio

Strong

34.74

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

278.34%

Cap Rate

234.33%

Return on Investment

283.21%

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

$525

Deductible property tax

$110

Your total deduction

-$22,715

Your adjusted annual income

$150,000 - -$22,715 = $172,715

Taxes on $172,715 (30%)

$51,814

Your old tax bill

$45,000

Your new tax bill

$51,814

Estimated tax savings

-$6,814

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:

6,360 sqft

Year built:

2016

Size:

539,039 sqft

Type:

MFR

Parking:

235

Heating:

BASEBOARD

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
1200 Stewart St	-	-	1,395,172	-	13,560	2018	$0	-
1922 9th Ave	-	-	24,608	-	7,200	1929	$0	-
888 Western Ave	-	-	281,358	-	23,980	2013	$0	-
111 Terry Ave N	-	-	664,970	-	14,160	2017	$322,240,000	-
800 Columbia St	-	-	218,697	-	7,200	-	$475,000	-
	-	-	0	-	7,200	-	$639,900	-
	-	-	3,077	-	7,200	1949	$639,900	-
1727 Summit Ave	-	-	38,020	-	18,600	1960	$0	-
7 Harrison St	-	1	20,755	-	7,200	1908	$0	-
305 Bellevue Ave E	-	-	50,170	-	21,240	1908	$18,000,000	-

Property Details

MLS Status: N/A

Property Use: Apartments (Generic)

Stories: 39

Lot size: 6,360 sqft

Building area: 539,039 sqft

Garage: Yes

Heating: Baseboard

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: DMC 240/290-440

Land Use: Residential

Parcel Number: 197720-0885

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2022

Assessed Value: $220,329,000

County Est. Land Value: $6,678,000

Assessed Land Value: $6,678,000

County Est. Structure Value: $213,651,000

Market Estimate: $123,382,280

Sale history

Date	Sale Price	% Financed	Buyer
10/27/17	$224,936,000	0%	Wa Tower 12 Apartments Llc
10/27/17	$224,936,000	60%	Wa Tower 12 Apartments Llc
06/16/15	$0	0%	Tower 12 Lp
06/05/15	$0	0%	Tower 12 Lp
03/26/15	$0	0%	Tower 12 Lp
03/20/14	$16,000,000	0%	2v Lp
Invalid Date	$3,086,200	67%	Inn At Pike Place Llc

Ownership

Name: Wa Tower 12 Apartments Llc

Owner Occupied: No

Owner Mailing Address: 9757 Ne Juanita Dr Ste 300, Kirkland, Wa 98034

Years Owned: 79

Home Equity: -

Mortgage Balance Remaining: $79,250,000

Financed amount: 67%

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No