BNBCalc Short Term Rental Investment Analysis 2323 Perkins Lane West, Seattle, WA

1 bed • 1 bath • 4 guests • $2,217,800

BNB

Calc

Annual Revenue

$46,076

Profit (Cash Flow)

-$123,200

Cap Rate

1.2%

Annual Revenue

$46,076

AirDNA projects $122/night at 75% occupancy ($33,419). Airbtics projects $121/night at 80% occupancy ($35,355). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 87% occupancy rate, $145 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$25,807	$33,945	$48,077	$61,960
Occupancy	73%	80%	87%	95%
Nightly Rate	$94	$112	$145	$170

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Magnolia ADU	$29,494	$111	70%	1	1	2	$88	❌	❌	❌	Y / Y	⭐️ 5 (188)
Private mother-in-law studio apartment.	$26,523	$72	96%	1	1	2	$49	❌	❌	❌	N / Y	⭐️ 5 (689)
Seattle Backyard Suite	$31,695	$125	68%	1	1	2	$45	❌	❌	❌	Y / Y	⭐️ 5 (86)
Peaceful Seattle Garden Suite in Fabulous Location	$25,428	$77	87%	1	1	2	$70	❌	❌	❌	Y / Y	⭐️ 5 (70)
Cute Studio and Breakfast with Yard and Nearby Bus	$26,579	$85	81%	1	1	1	$30	❌	❌	❌	Y / Y	⭐️ 5 (772)
Full Kitchen W/ free parking and patio deck	$26,040	$112	60%	1	1	30	$75	❌	❌	❌	Y / Y	⭐️ 4.5 (151)
'the Hut': a Garden in Magnolia	$35,732	$107	90%	1	1	2	$30	❌	❌	❌	N / Y	⭐️ 5 (159)
Cozy & Efficient Guest Suite in Magnolia!	$24,310	$74	87%	1	1	2	$75	❌	❌	❌	Y / Y	⭐️ 4.5 (96)
Relaxing charm in the Great Northwest	$31,258	$128	64%	1	1	1	$75	❌	❌	❌	N / Y	⭐️ 5 (394)
Cozy Studio in Upper Queen Anne.	$28,360	$98	76%	1	1	1	$50	❌	❌	❌	N / Y	⭐️ 5 (434)
Awesome Apt. Near Seattle Center & Amazon Campus.	$48,508	$138	95%	1	1	1	$75	❌	❌	❌	Y / Y	⭐️ 5 (314)
Modern Queen Anne Guest Unit w/AC- Maple Grove	$46,784	$169	71%	1	1	2	$130	❌	❌	❌	Y / Y	⭐️ 5 (123)
New Modern Townhouse- Seattle/Ballard	$35,472	$112	83%	1	1	2	$85	❌	❌	❌	Y / Y	⭐️ 5 (94)
Emerald City Gem	$47,782	$154	83%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (107)
New! Urban Condo + Parking 2 Blocks to Ballard	$36,901	$134	71%	1	1	2	$130	❌	❌	❌	Y / Y	⭐️ 4.5 (49)
Modern & Spacious Studio- Heart of Ballard/Seattle	$29,979	$93	79%	1	1	1	$70	❌	❌	❌	N / Y	⭐️ 5 (310)
Quiet & Cozy Apartment in Ballard	$30,209	$96	80%	1	1	1	$105	❌	❌	✅	Y / Y	⭐️ 4.5 (70)
Cozy Room \| Private Bath \| Central Fremont	$20,870	$68	80%	1	1	1	$80	❌	❌	❌	Y / Y	⭐️ 5 (36)
Lovely 1-bedroom retreat with hot tub	$32,511	$91	94%	1	1	2	$75	❌	✅	❌	N / Y	⭐️ 5 (143)
Queen Anne Chateau \| Walk Everywhere 1BR Craftsman	$52,326	$208	67%	1	1	3	$120	❌	❌	❌	Y / Y	⭐️ 5 (32)
Seattle's Ballard new studio	$28,679	$158	47%	1	1	1	$150	❌	❌	❌	N / Y	⭐️ 5 (88)
Top Floor Water View Oasis ★ Space Needle & Cruise	$54,628	$191	77%	1	1	1	$100	❌	❌	❌	Y / Y	⭐️ 5 (73)
Cute, cozy Ballard apt with enhanced cleaning	$31,343	$90	95%	1	1	2	$50	❌	❌	❌	N / Y	⭐️ 5 (430)
Top Floor Water View Oasis • Space Needle & Cruise	$54,246	$190	77%	1	1	1	$100	❌	❌	❌	Y / Y	⭐️ 5 (156)
Queen Anne Retreat - 1 Blk from CPA - Free Parking	$31,364	$144	56%	1	1	1	$50	❌	❌	❌	Y / Y	⭐️ 5 (223)
Fremont Sunrise View with Free Parking	$47,080	$167	76%	1	1	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (433)
2-level Flat in downtown Fremont	$35,145	$118	80%	1	2	2	$85	❌	❌	❌	Y / Y	⭐️ 5 (439)
Urban oasis with sunset views- 1bd/1ba/parking/EV	$35,534	$95	94%	1	1	1	$95	❌	❌	❌	Y / Y	⭐️ 5 (246)
Relaxing and comfortable Loft!	$28,346	$102	74%	1	1	30	$120	❌	❌	❌	Y / Y	⭐️ 5 (111)
Lovely condo overlooking the Fremont Bridge	$55,321	$164	87%	1	1	1	$100	❌	❌	✅	N / Y	⭐️ 5 (189)
Seattle Queen Anne Castle 1Br Amazing City View	$44,959	$150	81%	1	1	2	$70	❌	❌	❌	N / Y	⭐️ 5 (409)
Light-filled one bedroom cottage with garage.	$43,465	$132	85%	1	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (237)
The Arena in Lower Queen Anne \| 29 Nights	$38,001	$131	73%	1	1	1	$100	❌	❌	✅	Y / Y	⭐️ 4.9 (322)
Sunbreak Suite in Fremont with Park Views	$34,982	$103	87%	1	1	1	$115	❌	❌	❌	Y / Y	⭐️ 5 (84)
Cozy backyard guesthouse in Sunset Hill	$37,453	$104	98%	1	1	2	$50	❌	❌	❌	Y / Y	⭐️ 5 (120)
Premium Downtown Seattle Apartment (Central)	$24,631	$68	93%	1	1	1	$165	❌	❌	✅	Y / Y	⭐️ 5 (62)
Queen Anne City-view Apartment	$32,847	$112	78%	1	1	2	$97	❌	❌	❌	Y / Y	⭐️ 5 (392)
The Cortado in Fremont, Stylish One Bedroom.	$39,328	$122	87%	1	1	2	$60	❌	❌	❌	Y / Y	⭐️ 5 (155)
Seattle Historic Fremont Remodel	$30,311	$94	82%	1	1	2	$100	❌	❌	❌	N / Y	⭐️ 5 (371)
Cozy Condo with Parking near Space Needle	$66,743	$183	98%	1	1	2	$65	❌	❌	❌	Y / Y	⭐️ 4.5 (118)

Return Metrics

-23.95% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$123,200	-$246,400	-$369,600	-$492,800	-$616,000	-$1,232,000	-$3,696,002
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$1,774,240	$1,774,240	$1,774,240	$1,774,240	$1,774,240	$1,774,240	$1,774,240
Down Payment	$443,560	$443,560	$443,560	$443,560	$443,560	$443,560	$443,560
Property Appreciation	$66,534	$135,064	$205,649	$278,353	$353,238	$762,737	$3,165,382
Total Return	$2,161,133	$2,106,463	$2,053,849	$2,003,353	$1,955,037	$1,748,536	$1,687,179

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-23.95%

Cap Rate

1.19%

Return on Investment

-6.78%

2323 Perkins Ln W Seattle, Washington, 98199

1 bed • 1 bath • 4 guests

Purchase Price

Est. $10,637/mo

Inquire about this property

Contact Agent

$2,217,800

Zestimate

Seattle

Guide

Zoning

Market

Guide

Laws

Market Data

-97

Airbnb Investor Score

-$123,200

Annual Profit

1.2%

Cap Rate

-24.0%

Cash on Cash

$46,076

Annual Revenue

This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $122/night at 75% occupancy.Projected nightly rate is $121/night at 80% occupancy.

Occupancy Rate

Top 33% 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.

$36,529

Avg annual revenue

80%

Avg occupancy rate

$121

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

-$123,200

Profit

Revenue

$46,076

Operating Expenses

$19,670

Operating Income

$26,406

Mortgage & Taxes

$149,606

Profit (Cash Flow)

-$123,200

$514,344

Cash Investment

Down Payment

$443,560

Renos & Furnishing

$4,250

Closing Costs

$66,534

Total

$514,344

DSCR Ratio

Weak

0.18

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-23.95%

Cap Rate

1.19%

Return on Investment

-6.78%

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

$105,259

Deductible property tax

$21,956

Your total deduction

$343,500

Your adjusted annual income

$150,000 - $343,500 = -$193,500

Taxes on -$193,500 (30%)

-$58,050

Your old tax bill

$45,000

Your new tax bill

-$58,050

Estimated tax savings

$103,050

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:

0.33 sqft

Year built:

1939

Size:

800 sqft

Type:

APARTMENT

Parking:

Heating:

Forced air

Sold Comparables

Property Details

MLS Status: N/A

Property Use: APARTMENT

Stories: -

Lot size: 0.33 sqft

Building area: 800 sqft

Garage: No

Heating: Forced air

Pool: No

Fireplaces: -

Basement: Yes

Cooling: Other

View: Water

Parking: Off-street

Amenities: Dishwasher, Dryer, Washer

Price per square foot: $2,772

Lot Info

Zoning: -

Land Use: -

Parcel Number: 1364300036

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $1,512,000

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $2,217,800

Schools

Middle School: Mcclure Middle School with 7/10 star rating
High School: Ballard High School with 10/10 star rating