BNBCalc Short Term Rental Investment Analysis 2404 Ridge Ave 2-1, Evanston, IL 60201

1 bed • 1 bath • 3 guests • $4,000

BNB

Calc

Annual Revenue

$34,596

Profit (Cash Flow)

$16,149

Cap Rate

410.5%

Annual Revenue

$34,596

AirDNA projects $155/night at 69% occupancy ($39,062). Airbtics projects $128/night at 74% occupancy ($34,595). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 74% occupancy rate, $128 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$21,081	$37,898	$49,990	$56,363
Occupancy	71%	81%	85%	89%
Nightly Rate	$82	$146	$161	$170

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Harmony of Evanston 1 BDR Exec Suite w/pool & Gym	$56,556	$161	88%	1	1	2	$80	✅	❌	❌	Y / Y	⭐️ 5 (71)
Charming one bedroom apartment	$49,272	$162	79%	1	1	3	$65	❌	❌	❌	Y / Y	⭐️ 5 (73)
"Joy of Evanston" 1BDR, KING EXEC Suite, pool+Gym	$56,342	$179	86%	1	1	2	$0	✅	❌	❌	Y / Y	⭐️ 5 (54)
Coach House Art Studio, By Downtown & Northwestern	$50,230	$133	100%	1	1	2	$45	❌	❌	❌	N / Y	⭐️ 4.9 (130)
Evanston Adorable 1BR Apt w/ Onsite Laundry	$17,671	$68	71%	1	1	1	$0	❌	❌	❌	Y / Y	⭐️ 4.8 (37)
Gleaming 1BR 2nd Flr Value by NU w/Netflix	$19,910	$80	68%	1	1	2	$0	❌	❌	❌	N / Y	⭐️ 4.9 (10)
Homey 1BR Value Apt near NU w/Netflix	$24,595	$80	84%	1	1	2	$0	❌	❌	❌	N / Y	⭐️ 4.5 (82)
Great Location in Beautiful Evanston close to NWU!	$41,319	$159	71%	1	1	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (10)
Entire Studio apartment in downtown Evanston	$34,477	$91	83%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 4.5 (51)

Return Metrics

312.35% 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)	$16,148	$32,297	$48,445	$64,594	$80,743	$161,486	$484,458
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$3,200	$3,200	$3,200	$3,200	$3,200	$3,200	$3,200
Down Payment	$800	$800	$800	$800	$800	$800	$800
Property Appreciation	$120	$243	$370	$502	$637	$1,375	$5,709
Total Return	$20,268	$36,540	$52,816	$69,096	$85,380	$166,861	$494,167

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

312.35%

Cap Rate

410.46%

Return on Investment

315.43%

2404 Ridge Ave 2-1 Evanston, IL, 60201

1 bed • 1 bath • 3 guests

Purchase Price

Est. $19/mo

This property is for sale!

Contact Agent

Evanston

Zoning

Laws

4474

Airbnb Investor Score

$16,148

Annual Profit

410.5%

Cap Rate

312.4%

Cash on Cash

$34,596

Annual Revenue

This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $155/night at 69% occupancy.Projected nightly rate is $128/night at 74% occupancy.

Occupancy Rate

Top 71% 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.

$36,219

Avg annual revenue

74%

Avg occupancy rate

$128

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

$25k

$40k

$60k

$16,149

Profit

Revenue

$34,596

Operating Expenses

$18,177

Operating Income

$16,418

Mortgage & Taxes

$270

Profit (Cash Flow)

$16,149

$5,170

Cash Investment

Down Payment

$800

Renos & Furnishing

$4,250

Closing Costs

$120

Total

$5,170

DSCR Ratio

Strong

60.85

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

312.35%

Cap Rate

410.46%

Return on Investment

315.43%

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

$190

Deductible property tax

$40

Your total deduction

-$15,166

Your adjusted annual income

$150,000 - -$15,166 = $165,166

Taxes on $165,166 (30%)

$49,550

Your old tax bill

$45,000

Your new tax bill

$49,550

Estimated tax savings

-$4,550

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:

SFR

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: SFR

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: -