BNBCalc Short Term Rental Investment Analysis 28 W 38th St, New York, NY 10018

2 bed • 1 bath • 6 guests • $1,550,000

BNB

Calc

Annual Revenue

$102,298

Profit (Cash Flow)

-$29,239

Cap Rate

4.9%

Annual Revenue

$102,298

Airbtics projects $389/night at 72% occupancy ($102,297). Airbtics predicts this property will perform in the 0% revenue percentile

BNB Calc projects a 72% occupancy rate, $389 rate per night.

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

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
4 beds, 2 Bedrooms next to the K-town, 14	$170,451	$483	93%	2	1	2	$169	❌	❌	❌	Y / Y	⭐️ 4.2 (138)
New York Empire Loft	$148,528	$617	64%	2	2	30	$200	❌	❌	❌	Y / Y	⭐️ 4.8 (26)
Perfect Cosy Nest - 2 Bedroom Centrally Located	$130,728	$378	93%	2	1	4	$110	❌	❌	❌	Y / Y	⭐️ 4.7 (79)
Rare Find! 2 Units! Free Breakfast! Pet-Friendly	$52,824	$283	51%	2	2	1	$0	❌	❌	✅	N / N	⭐️ 3 (1)
Midtown Apartment near Grand Central	$161,882	$459	96%	2	1	3	$140	❌	❌	❌	Y / Y	⭐️ 4.7 (35)
NamaSTay 🌍🙏✌️	$89,515	$251	97%	2	1	3	$150	❌	❌	✅	N / Y	⭐️ 4.8 (114)
Entire place Midtown Manhattan near Empire St Bldg	$64,475	$237	68%	2	1	31	$150	❌	❌	✅	N / Y	⭐️ 4.8 (84)
Luxury Flatiron Condo5THAVECity Views+ DOORMAN	$183,391	$554	88%	2	1	5	$149	❌	❌	❌	Y / Y	⭐️ 4.8 (19)
2 Deluxe 2 Doubles at The Evelyn, Pets Are Welcome	$24,596	$160	42%	2	2	1	$0	❌	❌	✅	N / N	⭐️ 0 (0)
2 bed room walk to all Fast WiFi best location	$99,708	$340	72%	2	1	4	$200	❌	❌	❌	N / Y	⭐️ 4.5 (47)
2 bed room fast WiFi best location walk to all	$80,883	$287	77%	2	1	4	$0	❌	❌	❌	N / Y	⭐️ 4.4 (21)
Midtown Oasis - Steps from Empire State Building	$82,454	$623	35%	2	1	1	$139	❌	❌	✅	N / Y	⭐️ 4.2 (13)
Two bedrooms Apartments	$49,318	$245	55%	2	1	30	$100	❌	❌	❌	N / N	⭐️ 4.5 (4)
Cozy 2 bedroom NYC	$116,219	$475	66%	2	1	3	$140	❌	❌	❌	Y / Y	⭐️ 4.7 (14)
NYC Empire State 2 Bedroom Loft	$160,571	$457	96%	2	1	3	$0	❌	❌	❌	Y / Y	⭐️ 4.5 (7)

Return Metrics

-8.06% 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)	-$29,239	-$58,478	-$87,717	-$116,957	-$146,196	-$292,392	-$877,177
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$1,240,000	$1,240,000	$1,240,000	$1,240,000	$1,240,000	$1,240,000	$1,240,000
Down Payment	$310,000	$310,000	$310,000	$310,000	$310,000	$310,000	$310,000
Property Appreciation	$46,500	$94,395	$143,726	$194,538	$246,874	$533,070	$2,212,256
Total Return	$1,567,260	$1,585,916	$1,606,009	$1,627,581	$1,650,678	$1,790,677	$2,885,079

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-8.06%

Cap Rate

4.85%

Return on Investment

8.95%

28 W 38th St New York, NY, 10018

2 bed • 1 bath • 6 guests

Purchase Price

Est. $7,434/mo

Inquire about this property

Contact Agent

$102,298

Annual Revenue

This property is projected to be in the top 0% revenue percentile compared to similar properties nearby.
Airbtics projects $389/night at 72% occupancy ($102,297).

Occupancy Rate

Top 48% of comparables

Avg Daily Rate

Top 48% of comparables

15 Airbnb Comparables

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

$107,702

Avg annual revenue

72%

Avg occupancy rate

$389

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

$25k

$75k

$130k

$185k

-$29,239

Profit

Revenue

$102,298

Operating Expenses

$26,979

Operating Income

$75,319

Mortgage & Taxes

$104,558

Profit (Cash Flow)

-$29,239

$362,750

Cash Investment

Down Payment

$310,000

Renos & Furnishing

$6,250

Closing Costs

$46,500

Total

$362,750

DSCR Ratio

Weak

0.72

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-8.06%

Cap Rate

4.85%

Return on Investment

8.95%

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

$73,565

Deductible property tax

$15,345

Your total deduction

$183,658

Your adjusted annual income

$150,000 - $183,658 = -$33,658

Taxes on -$33,658 (30%)

-$10,097

Your old tax bill

$45,000

Your new tax bill

-$10,097

Estimated tax savings

$55,097

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com