BNBCalc Short Term Rental Investment Analysis 38 Elliott St, Charleston, SC 29401

2 bed • 2 bath • 6 guests • $2,429,000

BNB

Calc

Annual Revenue

$116,674

Profit (Cash Flow)

-$76,027

Cap Rate

3.6%

Annual Revenue

$116,674

AirDNA projects $484/night at 66% occupancy ($116,673). Airbtics projects $369/night at 63% occupancy ($84,908). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 66% occupancy rate, $484 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$44,974	$76,899	$137,338	$180,344
Occupancy	44%	65%	83%	89%
Nightly Rate	$267	$310	$439	$539

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Dianna Browns Place \| Historic District	$192,587	$536	96%	2	2	2	$175	❌	❌	❌	Y / Y	⭐️ 5 (99)
Historic Charleston Right Outside Your Front Door	$153,525	$855	48%	2	2	1	$300	❌	❌	✅	Y / Y	⭐️ 5 (33)
Honeydew \| On Broad Street!	$108,577	$305	94%	2	1	2	$115	❌	❌	✅	Y / Y	⭐️ 4.8 (200)
Quarters on Vendue - Two Bedroom Suite	$114,057	$429	70%	2	2	1	$149	❌	❌	❌	Y / Y	⭐️ 4.6 (277)
86 Church Street kitchen house	$138,524	$456	83%	2	2	2	$0	❌	❌	❌	Y / Y	⭐️ 4.9 (93)
Charming Carriage House in the Center of Town!	$58,094	$431	36%	2	1	2	$145	❌	❌	❌	Y / Y	⭐️ 4.8 (63)
Deluxe 2 BR Suite w/ Piazza - Steps to King St.	$144,133	$482	79%	2	2	1	$149	❌	❌	❌	Y / Y	⭐️ 4.8 (60)
Walk to Charleston’s Best Dining and Entertainment	$161,304	$855	50%	2	2	1	$300	❌	❌	✅	Y / Y	⭐️ 4.9 (24)
Charming Charleston Suite \|Sleeps 4\| Historic Area	$64,934	$192	89%	2	1	3	$69	❌	❌	❌	N / Y	⭐️ 4.7 (250)
Historic Kitchen House - South of Broad (Charming)	$135,955	$572	64%	2	2	2	$149	❌	❌	❌	Y / Y	⭐️ 5 (149)
Deluxe Two Bedroom Suite - Steps to King Street	$102,595	$459	58%	2	2	1	$139	❌	❌	❌	Y / Y	⭐️ 4.8 (161)
Josephine's Apartment	$93,677	$247	97%	2	2	1	$175	❌	❌	❌	Y / Y	⭐️ 5 (238)
The Elegance \| An Architectural Wonder	$134,352	$386	93%	2	2	2	$130	❌	❌	❌	Y / Y	⭐️ 4.8 (114)
Luxury Pied-à-terre in the French Quarter!	$130,736	$423	82%	2	1	2	$300	❌	❌	✅	Y / Y	⭐️ 4.7 (218)
HEART of Downtown Overlooking Iconic King Street!	$100,865	$311	85%	2	2	2	$175	❌	❌	✅	N / Y	⭐️ 4.8 (162)
Luxury &Historic 2-Bed on King St, Walk Everywhere	$115,764	$395	77%	2	1	3	$260	❌	❌	❌	Y / Y	⭐️ 4.7 (28)
Charming 2 Bdrm/3 bath Cottage by Marion Square	$120,853	$377	85%	2	4	2	$195	❌	❌	❌	Y / Y	⭐️ 5 (359)
Spacious Condo~Perfect for Bachelor/ette Parties	$79,918	$431	49%	2	1	3	$150	❌	❌	❌	Y / Y	⭐️ 4.8 (260)
Heart of Downtown, Spacious with Natural Light	$53,772	$175	83%	2	2	30	$175	❌	❌	✅	Y / Y	⭐️ 4.8 (13)
Wonderful 2BR 2nd-Floor \| Elevator	$54,818	$427	32%	2	2	2	$206	❌	❌	❌	Y / Y	⭐️ 4.8 (99)
Amazing 2BR 2nd-Floor \| Elevator	$31,441	$306	26%	2	2	1	$175	❌	❌	❌	Y / Y	⭐️ 4.8 (63)
Overlooking King St, Walk Everywhere w/Parking!	$123,785	$454	72%	2	2	3	$285	❌	❌	❌	Y / Y	⭐️ 4.7 (40)
2BR 2nd-Floor King Street Suite \| Elevator	$50,799	$302	42%	2	2	1	$175	❌	❌	❌	Y / Y	⭐️ 4.8 (87)
Beautiful 2BR 2nd-Floor \| Elevator	$38,576	$310	34%	2	2	1	$0	❌	❌	❌	Y / Y	⭐️ 4.7 (67)
2BR 2nd-Floor Downtown \| Central AC \| W/D	$48,648	$297	41%	2	2	1	$175	❌	❌	❌	Y / Y	⭐️ 4.8 (117)
Exquisite Condo in the Heart of Charleston!	$29,228	$155	51%	2	2	30	$250	❌	❌	❌	Y / Y	⭐️ 5 (2)
Downtown 2BR 2nd-Floor \| W/D \| Central AC	$24,978	$284	21%	2	2	1	$175	❌	❌	❌	Y / Y	⭐️ 4.5 (88)
The Belvedere - Queen's Quarters	$100,756	$669	41%	2	2	3	$100	❌	❌	❌	Y / Y	⭐️ 5 (2)
Downtown Charleston Peninsula Home	$55,055	$189	79%	2	2	28	$250	❌	❌	✅	Y / Y	⭐️ 5 (37)
Gorgeous Downtown Apartment, 2 Blocks to King St!	$48,210	$178	74%	2	1	30	$350	❌	❌	❌	Y / Y	⭐️ 0 (0)
2BR/1.5BA Downtown on Colonial Lake with Parking	$93,640	$301	85%	2	2	29	$250	❌	❌	✅	Y / Y	⭐️ 5 (41)
Heart of Downtown, King + Queen Beds, Free Parking	$88,724	$274	88%	2	2	30	$175	❌	❌	✅	Y / Y	⭐️ 4.7 (14)
Historic Guesthouse with pool on the Battery	$26,088	$162	44%	2	1	30	$150	✅	❌	❌	Y / Y	⭐️ 5 (3)
Hydrangea House- 2BD/2BA French Quarter Home	$40,523	$172	62%	2	2	30	$375	❌	❌	❌	Y / Y	⭐️ 4 (1)
Charleston Monthly Rental Downtown South of Broad	$30,612	$246	34%	2	2	31	$0	❌	❌	✅	Y / Y	⭐️ 5 (1)
Elegantly Restored 200 year-old Carriage House	$90,407	$530	44%	2	1	1	$300	❌	❌	❌	Y / Y	⭐️ 5 (4)
Charming unit! Unique! Location!	$64,897	$286	62%	2	1	3	$0	❌	❌	❌	Y / Y	⭐️ 5 (19)
Charming 2 bedroom condo in historic Charleston	$40,626	$185	60%	2	2	28	$0	❌	❌	❌	Y / Y	⭐️ 5 (1)
Middle King Historic Meets Modern - Monthly Rental	$106,425	$434	67%	2	3	30	$250	❌	❌	❌	Y / Y	⭐️ 5 (61)
Chic Downtown 2-Bed Home on Lake	$85,644	$300	78%	2	2	30	$250	❌	❌	✅	Y / Y	⭐️ 5 (1)

Return Metrics

-13.45% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$76,026	-$152,053	-$228,080	-$304,106	-$380,133	-$760,267	-$2,280,801
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$23,862	$49,197	$76,094	$104,650	$134,967	$317,018	$1,943,200
Down Payment	$485,800	$485,800	$485,800	$485,800	$485,800	$485,800	$485,800
Property Appreciation	$72,870	$147,926	$225,233	$304,860	$386,876	$835,372	$3,466,820
Total Return	$506,506	$530,869	$559,048	$591,204	$627,510	$877,924	$3,615,019

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-13.45%

Cap Rate

3.61%

Return on Investment

3.66%

38 Elliott St Charleston, SC, 29401

2 bed • 2 bath • 6 guests

Purchase Price

Est. $11,650/mo

This property is for sale!

Contact Agent

-47

Airbnb Investor Score

-$76,026

Annual Profit

3.6%

Cap Rate

-13.5%

Cash on Cash

$116,674

Annual Revenue

BNBCalc predicts this property will get $369 per night with 63% occupancy, putting it in the top 48% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 48% of comparables

Avg Daily Rate

Top 16% of comparables

Seasonality

40 Airbnb Comparables

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

$86,952

Avg annual revenue

63%

Avg occupancy rate

$369

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

$80k

$135k

$195k

-$76,027

Profit

Revenue

$116,674

Operating Expenses

$28,848

Operating Income

$87,826

Mortgage & Taxes

$163,853

Profit (Cash Flow)

-$76,027

$565,170

Cash Investment

Down Payment

$485,800

Renos & Furnishing

$6,500

Closing Costs

$72,870

Total

$565,170

DSCR Ratio

Weak

0.54

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-13.45%

Cap Rate

3.61%

Return on Investment

3.66%

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

$115,283

Deductible property tax

$24,047

Your total deduction

$317,561

Your adjusted annual income

$150,000 - $317,561 = -$167,561

Taxes on -$167,561 (30%)

-$50,268

Your old tax bill

$45,000

Your new tax bill

-$50,268

Estimated tax savings

$95,268

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: No

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -