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BNBCalc Short Term Rental Investment Analysis 2801 1st Ave APT 215, Seattle, WA, 98121

1 bed • 1 bath • 2 guests • $308,100

BNB

Calc

Annual Revenue

$39,695

Profit (Cash Flow)

$17,804

Cap Rate

6.8%

Annual Revenue

$39,695

AirDNA projects $228/night at 70% occupancy ($58,292). Airbtics projects $143/night at 76% occupancy ($39,694). Airbtics predicts this property will perform in the 43% revenue percentile

BNB Calc projects a 76% occupancy rate, $143 rate per night.

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

Percentiles25%50%75%90%
Revenue$33,529$39,217$49,158$77,383
Occupancy69%75%83%95%
Nightly Rate$127$135$153$214

Seasonality (Profit by Month)

Sign up to view the full seasonality chart

Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Premium Downtown Seattle Apartment (Central)
$24,967
$68
95%
111$165❌❌✅Y / Y⭐️ 5 (62)
Sunny Oasis in the Heart of Seattle! +Pool/Parking
$35,896
$128
72%
112$80✅✅❌Y / Y⭐️ 5 (86)
Lovely Condo in the Heart of Seattle!
$41,077
$140
75%
112$80✅✅❌Y / Y⭐️ 5 (59)
Chic Condo in the Heart of Seattle!
$38,060
$141
68%
112$80✅✅❌Y / Y⭐️ 5 (172)
Bright 1 Bedroom Penthouse in the Heart of Seattle
$48,186
$152
82%
11.52$80✅✅❌Y / Y⭐️ 5 (90)
Serene Home in the Heart of Seattle!
$32,781
$127
65%
112$80✅✅❌Y / Y⭐️ 5 (46)
Charming Condo in the Heart of Downtown Seattle!
$39,933
$137
75%
112$80✅✅❌Y / Y⭐️ 5 (148)
Chic 1BR Home in the Heart of Seattle! +Parkg/Pool
$72,898
$214
90%
112$80✅✅❌Y / Y⭐️ 5 (95)
Enchanting 1 Bedroom Home in Heart of Seattle!
$39,109
$134
75%
112$80✅✅❌Y / Y⭐️ 5 (58)
Modern Condo in the Heart of Downtown Seattle!
$58,450
$220
70%
112$80✅✅❌Y / Y⭐️ 5 (128)
Charming 1 Bedroom Home in the Heart of Seattle!
$38,068
$142
68%
112$80✅✅❌Y / Y⭐️ 5 (111)
Mid-Century Condo- King Bed, Free Parking & Pool
$75,427
$217
93%
112$120✅✅❌Y / Y⭐️ 5 (151)
City★Water View Oasis + Pool & Gym in ♥ of Seattle
$54,126
$174
82%
111$100✅✅❌Y / Y⭐️ 4.5 (13)
Chic Condo with Peek-a-boo Space Needle Views!
$31,385
$128
61%
112$80✅✅❌Y / Y⭐️ 5 (99)
Elegant Home in the Heart of Downtown Seattle!⁵
$38,265
$128
75%
112$80✅✅❌Y / Y⭐️ 5 (187)
Enjoy Everything Seattle! Pike Place Market, Space
$51,946
$226
61%
112$135✅✅❌Y / Y⭐️ 5 (79)
The House
$35,757
$98
96%
111$110✅❌❌Y / Y⭐️ 5 (239)
Welcombe Belltown
$38,360
$141
72%
111$120✅✅❌Y / Y⭐️ 5 (178)
Modern Downtown Condo w/ Balcony & Pool & Hot Tub
$48,480
$179
74%
111$0✅✅❌Y / N⭐️ 5 (240)
Quiet Belltown/Downtown Loft-Top Floor Unit - A/C
$39,743
$162
65%
11.51$100❌❌❌Y / Y⭐️ 5 (194)
Getaway in Seattle Center-321
$30,601
$98
83%
112$138❌❌❌Y / Y⭐️ 5 (85)
Stylish Home in the Heart of Seattle!
$33,245
$127
66%
112$80✅✅❌Y / Y⭐️ 5 (117)
Sunny Oasis in the Heart of Seattle! +Pool/Parking
$37,330
$129
75%
112$80✅✅❌Y / Y⭐️ 4.8 (27)
Garden Oasis in the Heart of Seattle! w/ Pool&Prkg
$36,160
$129
72%
112$80✅✅❌Y / Y⭐️ 4.8 (39)
Luxurious 1 Bedroom in the Heart of Seattle!
$33,975
$130
65%
112$80✅✅❌Y / Y⭐️ 5 (112)
Perfect Condo in the Heart of Seattle!
$41,532
$132
83%
111$110❌❌✅Y / Y⭐️ 4.5 (101)
Prime 1BR Washington State Conv.Center 6th-Floor
$23,084
$158
33%
112$114✅✅✅Y / Y⭐️ 4.2 (65)
A Moody Getaway in the Heart of Seattle
$43,125
$140
82%
111$85❌❌❌Y / Y⭐️ 5 (203)
Fashion place by SpaceNeedle&PikeMarket/DownTown
$44,772
$124
96%
111$80❌❌❌Y / Y⭐️ 5 (198)
Cozy Downtown Penthouse Condo / Space Needle View
$27,857
$87
73%
11.530$200❌❌✅Y / Y⭐️ 5 (102)
Scenic in Seattle
$40,788
$110
98%
112$95❌❌❌Y / Y⭐️ 5 (114)
1BR Belltown Heart, FREE Parking, Rooftop View
$43,045
$122
90%
111$75❌❌❌Y / Y⭐️ 5 (120)
Modern Condo w 99 walk score! Free Parking & Pool
$39,234
$136
74%
112$120✅✅❌Y / Y⭐️ 4.8 (101)
Gorgeous Condo in the Heart of Seattle!
$31,689
$129
61%
112$80✅✅❌Y / Y⭐️ 5 (122)
Location, Location!
$33,248
$110
78%
112$80❌❌❌Y / Y⭐️ 5 (443)
Elegant Penthouse Studio with Parking!
$65,910
$214
82%
112$80✅✅❌Y / Y⭐️ 5 (63)
Central Belltown apartment - close to everything!
$47,977
$147
88%
113$90❌❌❌Y / Y⭐️ 5 (190)
The Arena in Lower Queen Anne | 29 Nights
$37,729
$134
71%
111$100❌❌✅Y / Y⭐️ 4.9 (322)
City★Water View Oasis + Pool & Gym in ♥ of Seattle
$54,726
$177
82%
111$100✅✅❌Y / Y⭐️ 5 (115)
Seattle Suite: Walk to everywhere in Downtown
$54,455
$152
95%
1130$100✅✅❌Y / Y⭐️ 5 (173)

Return Metrics

23.7% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$17,804$35,608$53,412$71,216$89,021$178,042$534,126
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$246,480$246,480$246,480$246,480$246,480$246,480$246,480
Down Payment$61,620$61,620$61,620$61,620$61,620$61,620$61,620
Property Appreciation$9,243$18,763$28,569$38,669$49,072$105,960$439,739
Total Return$335,147$362,471$390,081$417,986$446,193$592,102$1,281,966

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

23.7%

Cap Rate

6.76%

Return on Investment

40.03%

property-location

2801 1st Ave Seattle, Washington, 98121

1 bed • 1 bath • 2 guests

Est. $1,478/mo

Agent

Inquire about this property

Contact Agent

$308,100

Zestimate

Seattle

Guide

Zoning

Market

Guide


Laws


Market Data

82

Airbnb Investor Score

$70

Annual Profit

6.8%

Cap Rate

23.7%

Cash on Cash

$39,695

Annual Revenue

BNBCalc predicts this property will get $143 per night with 76% occupancy, putting it in the top 43% revenue percentile compared to similar properties nearby.

Top 53% of comparables

Top 33% of comparables


Seasonality

Sign up to view the full seasonality chart

40

Airbnb Comparables

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

$42,084

Avg annual revenue

76%

Avg occupancy rate

$143

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

$40k

$55k

$75k

Sign up to see the data on 40 all comparables

$17,804

Profit

Revenue

$39,695

Operating Expenses

$18,840

Operating Income

$20,854

Mortgage & Taxes

$3,050

Profit (Cash Flow)

$17,804

$65,870

Cash Investment

Down Payment

$61,620

Renos & Furnishing

$4,250

Total

$65,870

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

23.7%

Cap Rate

6.76%

Profit (Cummulative)

$17,804

$246,480

$4,250

$9,243

$0

Total Gain

$30,074

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

$14,623

Deductible property tax

$3,050

Your total deduction

$31,038

Your adjusted annual income

$150,000 - $31,038 = $118,962


Taxes on $118,962 (30%)

$35,688

Your old tax bill

$45,000

Your new tax bill

$35,688


Estimated tax savings

$9,312

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:

2001

Size:

447 sqft

Type:

CONDO

Parking:

1

Heating:

Forced Air, Wall Furnace

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: CONDO
  • Stories: 1
  • Lot size: -
  • Building area: 447 sqft
  • Garage: Yes
  • Heating: Forced air, wall furnace
  • Pool: No
  • Fireplaces: 0
  • Basement: No
  • Cooling: Window Unit(s)
  • View: Territorial
  • Parking: Common Garage
  • Amenities: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Garbage Disposal, Water Heater: Electric, Water Heater Location: Closet, Cooking-Gas, Dryer-Electric, Washer
  • Price per square foot: $689

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 2313301120
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $269,000
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $308,100


Schools

  • Elementary School: Lowell Elementary School with 3/10 star rating
  • Middle School: Edmonds S. Meany Middle School with 5/10 star rating
  • High School: Garfield High School with 8/10 star rating