BNBCalc Short Term Rental Investment Analysis 368 Thayer St, Providence, RI, 02906

1 bed • 1 bath • 3 guests • $278,000

BNB

Calc

Annual Revenue

$41,232

Profit (Cash Flow)

$19,440

Cap Rate

8.0%

Annual Revenue

$41,232

AirDNA projects $165/night at 71% occupancy ($42,788). Airbtics projects $159/night at 71% occupancy ($41,232). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 71% occupancy rate, $159 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$30,633	$39,918	$53,695	$74,106
Occupancy	66%	73%	79%	89%
Nightly Rate	$124	$146	$180	$220

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
College Hill, Private Entrance, Walk to Brown&RISD	$29,975	$119	62%	1	1.5	1	$80	❌	❌	❌	N / Y	⭐️ 5 (132)
Sunny College Hill loft studio	$66,058	$170	100%	1	1	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (26)
Mid-Century Glam - East Side clean + free parking	$27,540	$129	55%	1	1	1	$49	❌	❌	❌	Y / Y	⭐️ 5 (244)
East Side - clean + parking + walkable PVD	$25,293	$136	49%	1	1	1	$45	❌	❌	❌	N / Y	⭐️ 5 (322)
“New England Scholar” style retreat in Providence!	$33,754	$112	77%	1	1	1	$42	❌	❌	❌	Y / Y	⭐️ 5 (713)
Well-Appointed Townhouse Near Brown w/ Parking	$29,913	$139	57%	1	1	2	$70	❌	❌	❌	Y / Y	⭐️ 5 (191)
Machiya Suite by PVDBNBs (1 Bed, 1 Bath)	$99,441	$350	77%	1	1	2	$80	❌	✅	❌	Y / Y	⭐️ 5 (64)
Quintessential New England loft next to Brown/RISD	$89,111	$309	77%	1	1	1	$40	❌	❌	✅	Y / Y	⭐️ 5 (647)
PVDCoop: Artsy Cozy, Close, East Side Apt.	$33,097	$121	71%	1	1	1	$55	❌	❌	❌	Y / Y	⭐️ 5 (553)
Downtown Condo with Parking	$46,632	$136	89%	1	1	1	$75	❌	❌	✅	Y / Y	⭐️ 5 (486)
\| CityStar Apartment \| Spacious Studio \|	$27,201	$103	66%	1	1	3	$79	❌	❌	❌	N / Y	⭐️ 5 (305)
“Simeon’s House” walk to restaurants, Brown & RISD	$47,089	$150	84%	1	1	2	$80	❌	❌	❌	Y / Y	⭐️ 5 (224)
Walking Distance to RISD, Brown, & Hospitals	$36,600	$125	80%	1	1	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (58)
Historic Downtown Arcade Condo	$42,408	$149	74%	1	1	1	$45	❌	❌	❌	Y / Y	⭐️ 5 (212)
ReverePlace Loft- Providence	$27,903	$111	67%	1	1	30	$40	❌	❌	❌	Y / Y	⭐️ 4.5 (152)
Downtown - Near Colleges, Conventions, PPAC, Mall	$35,271	$129	73%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (335)
A Cozy Loft In Downtown Providence	$34,027	$119	76%	1	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (231)
Mid Century Inspired Condo: Dogs Stay Free	$46,705	$164	76%	1	1	2	$75	❌	❌	✅	Y / Y	⭐️ 5 (73)
The Halsey Studio - Peaceful 1 Bedroom w/ Parking	$38,190	$177	57%	1	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (86)
Historic College Hill/Benefit Street	$71,462	$244	79%	1	1	4	$150	❌	❌	❌	N / Y	⭐️ 5 (66)
Jennifer’s Charming Stay Walk to Brown University	$50,364	$140	92%	1	1	1	$75	❌	❌	❌	Y / Y	⭐️ 5 (166)
Walking Distance to Brown, RISD & Downtown.	$50,274	$202	68%	1	1	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (84)
College Hill Hideaway	$30,654	$215	37%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (30)
Garden House - Tranquil Stay in College Hill	$58,217	$224	67%	1	1	2	$100	❌	❌	❌	N / Y	⭐️ 5 (54)
CityView 1BR/Pool/Gym/Parking	$58,863	$188	85%	1	1	5	$50	✅	❌	❌	Y / Y	⭐️ 5 (48)
Dwntwn 1BR/Pool/Gym/Parking/Hi-Speed WiFi/King Bed	$52,557	$181	79%	1	1	5	$50	✅	❌	❌	Y / Y	⭐️ 5 (177)
Bright and cozy East Side suite	$36,036	$133	73%	1	1	2	$50	❌	❌	❌	Y / Y	⭐️ 5 (110)
The Abbott Suite	$42,363	$115	100%	1	1	2	$30	❌	❌	❌	Y / Y	⭐️ 5 (44)
Place with a View	$31,587	$137	59%	1	1	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (79)
Beautifully detailed on East Side, walk to Brown	$58,097	$220	71%	1	1	5	$175	❌	❌	❌	Y / Y	⭐️ 5 (38)
Downtown PVD Loft FREE garage parking	$39,709	$163	66%	1	1	2	$70	❌	❌	❌	Y / Y	⭐️ 5 (115)
Bright Downtown Loft	$38,219	$149	68%	1	1	3	$95	❌	❌	❌	Y / Y	⭐️ 4.8 (41)
Fabulous East Side Studio, walk to Brown	$34,079	$180	51%	1	1	5	$100	❌	❌	❌	Y / Y	⭐️ 5 (60)
Nook in the Arcade	$27,502	$87	85%	1	1	4	$45	❌	❌	❌	Y / Y	⭐️ 5 (107)
Hope Village apt w kitchen, laundry	$27,611	$82	90%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 4.9 (78)
East Side Private Apt walk to Brown	$38,465	$143	71%	1	1	30	$120	❌	❌	❌	Y / Y	⭐️ 4.5 (263)
On Washington & Mathewson	$27,041	$152	46%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 4.8 (229)
Lovely 1-bedroom with parking on Brown Campus	$41,035	$156	70%	1	1	1	$100	❌	❌	✅	Y / Y	⭐️ 5 (108)
Spring Ready,Garden View,Steps to Brown & RISD	$52,272	$193	74%	1	1	1	$0	❌	❌	✅	Y / Y	⭐️ 5 (27)
Funky Studio on the Eastside	$32,325	$110	78%	1	1	5	$100	❌	❌	❌	Y / Y	⭐️ 5 (160)

Return Metrics

154.4% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$19,439	$38,879	$58,319	$77,759	$97,199	$194,399	$583,199
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$0	$0	$0	$0	$0	$0	$0
Down Payment	$0	$0	$0	$0	$0	$0	$0
Property Appreciation	$8,340	$16,930	$25,778	$34,891	$44,278	$95,608	$396,778
Total Return	$27,779	$55,810	$84,098	$112,651	$141,478	$290,008	$979,978

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

154.4%

Cap Rate

7.98%

Return on Investment

220.65%

368 Thayer St Providence, Rhode Island, 02906

1 bed • 1 bath • 3 guests

Purchase Price

Est. $1,333/mo

Inquire about this property

Contact Agent

$278,000

Zestimate

Providence

Guide

Zoning

Guide

Laws

461

Airbnb Investor Score

$10,173

Annual Profit

8.0%

Cap Rate

154.4%

Cash on Cash

$41,232

Annual Revenue

This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $165/night at 71% occupancy.Projected nightly rate is $159/night at 71% occupancy.

Occupancy Rate

Top 58% 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.

$42,873

Avg annual revenue

71%

Avg occupancy rate

$159

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

$50k

$75k

$100k

$19,440

Profit

Revenue

$41,232

Operating Expenses

$19,040

Operating Income

$22,192

Mortgage & Taxes

$2,752

Profit (Cash Flow)

$19,440

$4,250

Cash Investment

Down Payment

Renos & Furnishing

$4,250

Total

$4,250

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

154.4%

Cap Rate

7.98%

Return on Investment

220.65%

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

Deductible property tax

$2,752

Your total deduction

$11,494

Your adjusted annual income

$150,000 - $11,494 = $138,506

Taxes on $138,506 (30%)

$41,552

Your old tax bill

$45,000

Your new tax bill

$41,552

Estimated tax savings

$3,448

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:

653 sqft

Type:

APARTMENT

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: N/A

Property Use: APARTMENT

Stories: -

Lot size: -

Building area: 653 sqft

Garage: No

Heating:

Pool: No

Fireplaces: -

Basement: No

Cooling: -

View: -

Parking: Off Street

Amenities: Dishwasher

Price per square foot: $425

Lot Info

Zoning: -

Land Use: -

Parcel Number: PROVM10L466U3

Flood Zone: No

Tax Info

Year Assessed: 2024

Assessed Value: $188,200

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $278,000

Schools

Elementary School: Martin Luther King El. School with 6/10 star rating
Middle School: Nathan Bishop Middle School with 3/10 star rating
High School: Hope High School with 2/10 star rating