BNBCalc Short Term Rental Investment Analysis 311 Essex St, Salem, MA, 01970

4 bed • 4 bath • 8 guests • $989,800

BNB

Calc

Annual Revenue

$108,897

Profit (Cash Flow)

$14,292

Cap Rate

8.2%

Annual Revenue

$108,897

AirDNA projects $560/night at 56% occupancy ($114,540). Airbtics projects $437/night at 74% occupancy ($118,112). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 67% occupancy rate, $445 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$68,760	$105,070	$181,275	$258,600
Occupancy	67%	72%	86%	99%
Nightly Rate	$277	$393	$568	$701

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
John Edwards House	$142,621	$571	67%	4	3	2	$200	❌	❌	❌	Y / Y	⭐️ 4.8 (300)
Broom & Board: Sleek & Modern, Fast WiFi, Walk2All	$94,725	$445	58%	4	2	2	$260	❌	❌	❌	Y / Y	⭐️ 4.7 (87)
Family-Friendly - Tiki Bar Backyard in Dtwn Salem!	$73,053	$267	69%	4	2	1	$225	❌	❌	✅	Y / Y	⭐️ 4.9 (134)
Salem Charm Meets Modern Luxury Next to Downtown	$98,212	$341	77%	4	2	1	$150	❌	❌	❌	Y / Y	⭐️ 4.8 (587)
RiverView: Near Pubs Shops Train	$54,142	$280	52%	4	2	2	$260	❌	❌	❌	Y / Y	⭐️ 4.3 (74)
Salems Historic Japanese House	$59,918	$321	51%	4	1	2	$50	❌	❌	✅	Y / Y	⭐️ 4.7 (26)
Salem Contemporary Farmhouse	$76,026	$220	90%	4	3	1	$200	❌	❌	❌	N / N	⭐️ 5 (17)
Swampscott Retreat, Four Bedrooms, Come Unwind	$65,696	$301	58%	4	2	3	$300	❌	❌	❌	Y / Y	⭐️ 4.9 (26)
Family getaway by the Beach:	$52,879	$258	56%	4	1	3	$0	❌	❌	❌	N / N	⭐️ 4.7 (80)
Large, Comfortable & Conveniently located Home	$76,600	$255	81%	4	2	3	$200	❌	❌	✅	Y / Y	⭐️ 5 (77)
High Rock Home-4BR, 2BA Modern, near downtown Lynn	$105,294	$387	73%	4	2	2	$189	❌	❌	❌	Y / Y	⭐️ 5 (217)
Modern 4 Bed 2 Bath home W/ Private outdoor space	$93,305	$305	82%	4	2	2	$225	❌	❌	✅	Y / Y	⭐️ 4.8 (160)
Pet-Friendly Marblehead Home Near Preston Beach!	$118,498	$422	72%	4	3	2	$269	❌	❌	✅	Y / Y	⭐️ 4.8 (12)
North Shore Spacious Accommodations 4beds / 2baths	$51,736	$161	86%	4	2	1	$80	❌	❌	❌	Y / Y	⭐️ 4.7 (264)
Salem/Beverly Last minute Christmas opening!	$41,428	$165	68%	4	1	3	$100	❌	❌	✅	Y / Y	⭐️ 4.8 (297)
Elegant home in historic Marblehead.	$186,360	$699	72%	4	2	2	$100	❌	❌	✅	Y / Y	⭐️ 4.9 (42)
Charming 4 Bedroom House on Pond + Walk to Sea!	$156,856	$711	60%	4	3	1	$150	❌	❌	❌	Y / Y	⭐️ 4.9 (186)
Private & Convenient Home in Danvers	$99,011	$271	99%	4	3	2	$150	❌	❌	❌	Y / Y	⭐️ 4.9 (144)
Large apartment steps to the Ocean	$101,181	$400	69%	4	2	2	$150	❌	❌	✅	Y / Y	⭐️ 4.9 (151)
Cozy Marblehead getaway by the beach /w EV charger	$112,200	$340	89%	4	2	3	$180	❌	❌	❌	Y / Y	⭐️ 4.9 (32)
Rockmere Inn: Fireplace, 3 King Suites, Parking	$95,973	$356	72%	4	3	2	$360	❌	❌	❌	Y / Y	⭐️ 4.5 (57)
Hollyhock: Pvt Pool Open!, Fenced Yard, Walk2Ocean	$60,682	$356	44%	4	2	2	$310	✅	❌	✅	Y / Y	⭐️ 4.8 (12)
By the Ocean - Egg Rock House - 4 bed 4.5 bath	$174,708	$614	77%	4	5	3	$250	❌	✅	❌	Y / Y	⭐️ 5 (87)
The House by the Sea	$197,632	$700	74%	4	3	2	$250	❌	❌	❌	Y / Y	⭐️ 5 (21)
Marblehead Neck Sanctuary	$159,704	$802	53%	4	3	2	$200	❌	❌	❌	Y / Y	⭐️ 5 (11)
Charming 4 BDR - Walk to Downtown & Free parking!	$92,033	$254	99%	4	1	1	$0	❌	❌	❌	Y / Y	⭐️ 0 (27)
Whole home in Historic Salem! Off Street Parking.	$211,914	$579	100%	4	2	2	$0	❌	❌	❌	Y / Y	⭐️ 0 (5)
Instant Book/Parking/Wk + Mo Discounts	$336,383	$999	92%	4	2	1	$0	❌	❌	✅	N / Y	⭐️ 5 (9)
Beverly's Best	$68,964	$277	67%	4	2	2	$175	❌	❌	❌	Y / Y	⭐️ 4.8 (92)
Beautiful/Convenient Salem Home	$48,532	$170	78%	4	2	1	$0	❌	❌	✅	Y / Y	⭐️ 4.2 (11)
Entire Home, Parking, 15 Minute Walk to Downtown	$207,888	$568	100%	4	2	2	$0	❌	❌	❌	Y / Y	⭐️ 0 (1)
Villaggio by the Sea	$119,129	$438	73%	4	3	3	$200	❌	❌	❌	Y / Y	⭐️ 5 (23)
Magnificent Ocean View; walk to beaches and town	$92,745	$277	87%	4	4	2	$275	❌	❌	❌	Y / Y	⭐️ 4.8 (44)
Beautiful Cozy Home	$105,143	$399	72%	4	2	2	$0	❌	❌	❌	Y / N	⭐️ 4.7 (20)
Spacious 4-bedroom home in Beverly Cove	$182,634	$499	100%	4	2	2	$200	❌	❌	✅	Y / Y	⭐️ 5 (45)
Vista Del Mar: Hilltop Retreat with Ocean View	$220,948	$686	88%	4	3	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (19)
4-Bed \| Large Pool \| Redd's Pond \| Nature Trails	$132,418	$540	67%	4	2	2	$0	✅	❌	❌	Y / Y	⭐️ 0 (5)
NEW4BR SALEM Historic\|Minutes to Downtown\|Parking	$131,012	$471	76%	4	2	1	$0	❌	❌	❌	Y / Y	⭐️ 5 (2)
Modern Salem Farmhouse Waterfront access.	$225,297	$867	71%	4	3	3	$0	❌	❌	❌	Y / Y	⭐️ 0 (4)
Spacious Home - Hot Tub-Fireplace-Gym-Yard-Garage	$115,960	$537	59%	4	4	30	$350	❌	✅	❌	Y / Y	⭐️ 5 (4)

Return Metrics

4.22% 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)	$14,292	$28,584	$42,876	$57,168	$71,460	$142,920	$428,760
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$791,840	$791,840	$791,840	$791,840	$791,840	$791,840	$791,840
Down Payment	$197,960	$197,960	$197,960	$197,960	$197,960	$197,960	$197,960
Property Appreciation	$29,694	$60,278	$91,781	$124,228	$157,649	$340,408	$1,412,704
Total Return	$1,033,786	$1,078,662	$1,124,457	$1,171,196	$1,218,909	$1,473,128	$2,831,265

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

4.22%

Cap Rate

8.18%

Return on Investment

15.85%

311 Essex St Salem, MA, 01970

4 bed • 4 bath • 8 guests

Purchase Price

Est. $4,747/mo

Inquire about this property

Contact Agent

$989,800

Zestimate

Airbnb Investor Score

$14,292

Annual Profit

8.2%

Cap Rate

4.2%

Cash on Cash

$108,897

Annual Revenue

This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $560/night at 56% occupancy.Projected nightly rate is $437/night at 74% occupancy.

Occupancy Rate

Top 76% of comparables

Avg Daily Rate

Top 38% of comparables

Seasonality

40 Airbnb Comparables

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

$120,986

Avg annual revenue

74%

Avg occupancy rate

$437

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

$40k

$135k

$235k

$335k

$14,292

Profit

Revenue

$108,897

Operating Expenses

$27,837

Operating Income

$81,061

Mortgage & Taxes

$66,769

Profit (Cash Flow)

$14,292

$338,654

Cash Investment

Down Payment

$197,960

Renos & Furnishing

$111,000

Closing Costs

$29,694

Total

$338,654

DSCR Ratio

Acceptable

1.21

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

4.22%

Cap Rate

8.18%

Return on Investment

15.85%

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

$46,977

Deductible property tax

$9,799

Your total deduction

$99,084

Your adjusted annual income

$150,000 - $99,084 = $50,916

Taxes on $50,916 (30%)

$15,275

Your old tax bill

$45,000

Your new tax bill

$15,275

Estimated tax savings

$29,725

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:

2,191 sqft

Year built:

1865

Size:

3,176 sqft

Type:

SINGLE_FAMILY

Parking:

Heating:

Central, Forced Air, Hot Water, Natural Gas, Ductless

Sold Comparables

Property Details

MLS Status: N/A

Property Use: SINGLE_FAMILY

Stories: -

Lot size: 2,191 sqft

Building area: 3,176 sqft

Garage: No

Heating: Central, forced air, hot water, natural gas, ductless

Pool: No

Fireplaces: 4

Basement: Yes

Cooling: Central Air, Ductless

View: City

Parking: Off Street, Driveway

Amenities: -

Price per square foot: $306

Lot Info

Zoning: -

Land Use: -

Parcel Number: 2132717

Flood Zone: No

Tax Info

Year Assessed: 2024

Assessed Value: $1,085,600

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $974,900

Schools

Middle School: Collins Middle School with 3/10 star rating
High School: Salem Prep High School