BNBCalc Short Term Rental Investment Analysis 3515 Morgan St, Steger, IL 60475

2 bed • 1 bath • 6 guests • $115,000

BNB

Calc

Annual Revenue

$28,876

Profit (Cash Flow)

$3,685

Cap Rate

9.9%

Annual Revenue

$28,876

AirDNA projects $134/night at 59% occupancy ($28,876). Airbtics projects $151/night at 63% occupancy ($34,745). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 59% occupancy rate, $134 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$21,536	$33,619	$51,208	$67,726
Occupancy	51%	62%	77%	84%
Nightly Rate	$111	$143	$175	$213

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Cozy House with Gazebo	$32,575	$154	55%	2	2	1	$75	❌	❌	✅	N / Y	⭐️ 4.9 (101)
Quiet clean 2 bedroom get away.	$39,278	$151	67%	2	1	2	$125	❌	❌	❌	Y / Y	⭐️ 4.8 (76)
Cedar Sunset On the Lake	$39,130	$204	51%	2	2	2	$80	❌	❌	❌	Y / Y	⭐️ 4.9 (27)
The Spa of Downtown Whiting	$34,394	$173	51%	2	3	2	$110	❌	✅	❌	Y / Y	⭐️ 4.8 (137)
Getaway nestled in the woods.	$12,989	$158	21%	2	2	1	$20	❌	❌	❌	Y / N	⭐️ 1 (1)
Calumet Park Townhouse/ Chell's Hideaway	$20,803	$118	47%	2	3	4	$45	❌	❌	❌	N / Y	⭐️ 4.8 (71)
Vacation home on south end of Cedar Lake	$28,182	$100	77%	2	2	2	$0	❌	❌	❌	N / Y	⭐️ 4.8 (225)
Elegance at its best	$60,390	$275	60%	2	2	1	$0	❌	❌	❌	N / N	⭐️ 4.8 (18)
Spacious and Cozy Oasis Close to Fun	$44,330	$175	64%	2	2	1	$89	❌	❌	❌	N / N	⭐️ 4.8 (42)
Cozy two bed apartment with fenced yard for pets	$13,832	$46	77%	2	1	1	$28	❌	❌	✅	Y / Y	⭐️ 4.6 (277)
Comfy 2 BR Home Away from Home - 30 mi. to Chicago	$23,316	$81	78%	2	1	7	$110	❌	❌	❌	Y / Y	⭐️ 5 (24)
Family Friendly home in Indiana!	$29,594	$160	49%	2	2	2	$75	❌	❌	❌	Y / Y	⭐️ 4.5 (41)
Tranquil 2 bedroom ranch home	$30,567	$163	49%	2	1	2	$75	❌	❌	❌	Y / Y	⭐️ 4.8 (61)
Charming Homewood Away from Home	$44,040	$146	79%	2	1	2	$100	❌	❌	✅	Y / Y	⭐️ 4.9 (42)
Peaceful & Private Hot Tub Vacation Home Getaway	$54,725	$198	71%	2	1	2	$155	❌	✅	❌	Y / Y	⭐️ 4.9 (113)
The Broadway Special - 2 Bd/1 Bath Smart-Condo!	$38,329	$133	75%	2	1	3	$75	❌	❌	❌	Y / Y	⭐️ 4.8 (83)
Cozy Home away from home -2bd 1ba	$27,792	$119	60%	2	1	1	$55	❌	❌	❌	Y / Y	⭐️ 4.8 (90)
Cottage Feel 2 bedroom Home!	$32,175	$149	59%	2	1	2	$0	❌	❌	❌	Y / Y	⭐️ 4.7 (93)
Entire home: Private, Cozy Oasis in Quiet Locale	$40,823	$119	89%	2	1	2	$120	❌	❌	✅	Y / Y	⭐️ 5 (52)
Gorgeous Two Bedroom, Full Basement with Arcade	$15,414	$191	21%	2	2	1	$75	✅	❌	✅	Y / Y	⭐️ 4.8 (18)
The Katerina Residence	$25,913	$120	59%	2	1	2	$0	❌	❌	❌	Y / Y	⭐️ 4.8 (32)
Cozy, King/Queen bed, 2 bedrooms in Hammond IN	$28,434	$89	83%	2	1	2	$75	❌	❌	❌	N / N	⭐️ 4.8 (34)
Ray House!	$23,556	$140	44%	2	1	2	$45	❌	❌	❌	N / Y	⭐️ 4.5 (10)
Cozy Cabin in Crete With Hot Tub	$63,678	$211	80%	2	2	1	$79	❌	✅	✅	Y / Y	⭐️ 4.8 (20)
Wolfe Lake Getaway	$22,374	$79	74%	2	1	2	$75	❌	❌	❌	Y / Y	⭐️ 4.9 (57)
Our Little Green House on 1 acre! No Cleaning Fee!	$42,877	$213	55%	2	1	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (90)
Lovely 2 bedroom just a few blocks from the square	$48,521	$227	56%	2	1	2	$95	❌	❌	❌	Y / Y	⭐️ 5 (83)
Lovely 2 Bed Room Apartment, all to yourself	$30,874	$112	69%	2	1	1	$70	❌	❌	❌	Y / Y	⭐️ 4.8 (78)
Comfy 2 Bedroom 2nd Floor Entire Apartment	$20,236	$97	57%	2	1	2	$0	❌	❌	❌	N / Y	⭐️ 4.5 (17)
The Villa Pierogi of Whiting IN	$30,974	$109	75%	2	2	2	$100	❌	❌	❌	Y / Y	⭐️ 4.7 (49)
Newly renovated modern home.	$44,379	$134	88%	2	2	1	$90	❌	❌	❌	Y / N	⭐️ 5 (31)
Home in Munster	$29,203	$95	80%	2	1	1	$85	❌	❌	❌	Y / N	⭐️ 4.9 (49)
Private 5 Star 2 bedroom modern city farmhouse	$23,311	$127	45%	2	1	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (54)
Whiting’s South Shore Suite	$21,990	$94	61%	2	1	2	$90	❌	❌	✅	Y / Y	⭐️ 4.5 (33)
Multiple Free Parking, Massage Chair, Very Private	$16,770	$178	22%	2	2	2	$199	❌	❌	❌	Y / Y	⭐️ 4.8 (6)
Chicago/Grant Park/Solider Field	$77,646	$214	94%	2	2	2	$100	✅	❌	✅	Y / Y	⭐️ 4.9 (9)
Perfect safe stay	$60,151	$440	37%	2	4	2	$35	✅	❌	✅	Y / Y	⭐️ 4.8 (5)
Watertower Villa 2	$37,456	$119	84%	2	2	1	$90	❌	❌	❌	Y / Y	⭐️ 5 (16)
Cute 2 br with King and Queen	$44,360	$156	75%	2	1	2	$135	❌	❌	❌	Y / Y	⭐️ 5 (15)
2 bedroom lovely spacious Suite	$32,900	$103	84%	2	1	1	$50	❌	❌	✅	N / Y	⭐️ 4.8 (49)

Return Metrics

11.26% cash on cash return is a good return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$3,684	$7,369	$11,054	$14,738	$18,423	$36,847	$110,542
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$1,129	$2,329	$3,602	$4,954	$6,389	$15,009	$92,000
Down Payment	$23,000	$23,000	$23,000	$23,000	$23,000	$23,000	$23,000
Property Appreciation	$3,450	$7,003	$10,663	$14,433	$18,316	$39,550	$164,135
Total Return	$31,264	$39,702	$48,320	$57,127	$66,130	$114,406	$389,677

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

11.26%

Cap Rate

9.94%

Return on Investment

25.27%

3515 Morgan St Steger, IL, 60475

2 bed • 1 bath • 6 guests

Purchase Price

Est. $552/mo

This property is for sale!

Contact Agent

Airbnb Investor Score

$3,684

Annual Profit

9.9%

Cap Rate

11.3%

Cash on Cash

$28,876

Annual Revenue

BNBCalc predicts this property will get $151 per night with 63% occupancy, putting it in the top 47% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 61% of comparables

Avg Daily Rate

Top 53% of comparables

Seasonality

40 Airbnb Comparables

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

$34,707

Avg annual revenue

63%

Avg occupancy rate

$151

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

$35k

$55k

$80k

$3,685

Profit

Revenue

$28,876

Operating Expenses

$17,434

Operating Income

$11,442

Mortgage & Taxes

$7,758

Profit (Cash Flow)

$3,685

$32,700

Cash Investment

Down Payment

$23,000

Renos & Furnishing

$6,250

Closing Costs

$3,450

Total

$32,700

DSCR Ratio

Strong

1.47

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

11.26%

Cap Rate

9.94%

Return on Investment

25.27%

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

$5,458

Deductible property tax

$1,139

Your total deduction

$8,571

Your adjusted annual income

$150,000 - $8,571 = $141,429

Taxes on $141,429 (30%)

$42,429

Your old tax bill

$45,000

Your new tax bill

$42,429

Estimated tax savings

$2,571

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: -