BNBCalc Short Term Rental Investment Analysis 2901 S Michigan Ave 509, Chicago, IL 60616

1 bed • 1 bath • 3 guests • $135,000

BNB

Calc

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Onboarding Flow User

user-for-onboarding-flow@bnbcalc.com

Annual Revenue

$26,517

Profit (Cash Flow)

$283

Cap Rate

7.0%

Annual Revenue

$26,517

AirDNA projects $121/night at 60% occupancy ($26,516). Airbtics projects $115/night at 59% occupancy ($24,781). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 60% occupancy rate, $121 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$16,037	$23,786	$37,546	$46,811
Occupancy	42%	55%	76%	86%
Nightly Rate	$100	$113	$127	$141

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Chicago Living: Your Home Away From Home	$25,955	$130	49%	1	1	2	$75	❌	❌	✅	N / Y	⭐️ 4.9 (171)
Lovely 1 Bedroom apartment near downtown chicago	$24,136	$137	45%	1	1	2	$85	❌	❌	❌	Y / Y	⭐️ 4.7 (38)
Chicago Themed Garden Unit - Historic Bronzeville	$27,463	$97	72%	1	1	3	$50	❌	❌	❌	N / Y	⭐️ 4.9 (94)
Stunning Basement Apartment w/free street parking!	$36,029	$144	61%	1	1	2	$120	❌	❌	❌	Y / Y	⭐️ 5 (54)
Spacious & Charming 2nd Floor Unit in Bronzeville	$30,682	$89	89%	1	2	1	$65	❌	❌	✅	Y / Y	⭐️ 4.7 (63)
McCormick Place \| Minutes from Lake Michigan	$33,112	$109	83%	1	1	3	$0	❌	❌	❌	Y / Y	⭐️ 4.8 (38)
Entire Elegant Condo 2 mins to Downtown King Bed	$35,578	$91	99%	1	1	2	$75	❌	❌	✅	Y / Y	⭐️ 4.8 (41)
Minutes away from McCormick/White Sox & Downtown‼️‼️	$10,834	$74	40%	1	1	2	$0	❌	❌	❌	Y / Y	⭐️ 4.5 (56)
Near McCormick Place and Minutes from Downtown!	$22,225	$113	52%	1	1	2	$35	❌	❌	❌	Y / Y	⭐️ 4.8 (340)
Bronzeville Beauty: Modern Style + Historic Charm	$32,813	$103	80%	1	1	1	$74	❌	❌	❌	Y / Y	⭐️ 5 (157)
Trendy 2bdrm unit-15mins to dwtn	$16,457	$125	35%	1	1	2	$40	❌	❌	❌	N / Y	⭐️ 4.8 (11)
Cute City Hide Away!!!	$25,535	$113	60%	1	1	32	$75	❌	❌	❌	Y / Y	⭐️ 4.8 (40)
Modern 1bdr 2nd floor condominium	$20,906	$171	31%	1	1	3	$80	❌	❌	❌	Y / Y	⭐️ 4.9 (79)
The Landmark; a comfy suite near McCormick Place	$27,078	$124	55%	1	1	3	$100	❌	❌	❌	Y / Y	⭐️ 5 (18)
Cozy 1 BedrmApt-15mins 2 Dwntown	$16,061	$114	38%	1	1	1	$30	❌	❌	❌	N / Y	⭐️ 0 (0)

Return Metrics

0.8% cash on cash return is a fair return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$282	$565	$848	$1,131	$1,414	$2,828	$8,486
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$1,326	$2,734	$4,229	$5,816	$7,501	$17,619	$108,000
Down Payment	$27,000	$27,000	$27,000	$27,000	$27,000	$27,000	$27,000
Property Appreciation	$4,050	$8,221	$12,518	$16,943	$21,502	$46,428	$192,680
Total Return	$32,659	$38,521	$44,595	$50,891	$57,417	$93,876	$336,166

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

0.8%

Cap Rate

6.95%

Return on Investment

16.03%

2901 S Michigan Ave 509 Chicago, IL, 60616

1 bed • 1 bath • 3 guests

Purchase Price

Est. $648/mo

This property is for sale!

Contact Agent

Chicago

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Zoning

Market

Guide

Laws

Market Data

Airbnb Investor Score

$282

Annual Profit

7.0%

Cap Rate

0.8%

Cash on Cash

$26,517

Annual Revenue

BNBCalc predicts this property will get $115 per night with 59% occupancy, putting it in the top 47% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 41% of comparables

Avg Daily Rate

Top 34% of comparables

Seasonality

15 Airbnb Comparables

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

$25,657

Avg annual revenue

59%

Avg occupancy rate

$115

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

$20k

$30k

$35k

$283

Profit

Revenue

$26,517

Operating Expenses

$17,127

Operating Income

$9,390

Mortgage & Taxes

$9,107

Profit (Cash Flow)

$283

$35,300

Cash Investment

Down Payment

$27,000

Renos & Furnishing

$4,250

Closing Costs

$4,050

Total

$35,300

DSCR Ratio

Acceptable

1.03

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

0.8%

Cap Rate

6.95%

Return on Investment

16.03%

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

$6,407

Deductible property tax

$1,336

Your total deduction

$13,678

Your adjusted annual income

$150,000 - $13,678 = $136,322

Taxes on $136,322 (30%)

$40,897

Your old tax bill

$45,000

Your new tax bill

$40,897

Estimated tax savings

$4,103

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:

CONDO

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: CONDO

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: -