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BNBCalc Short Term Rental Investment Analysis 417 South Thompson Avenue, Sioux Falls, SD

2 bed • 1.5 bath • 6 guests • $193,000

BNB

Calc

Report by:

Chris Dieleman

chris@stay605.com

www.stay605.com

Annual Revenue

$23,777

Profit (Cash Flow)

-$6,013

Cap Rate

3.6%

Annual Revenue

$23,777

AirDNA projects $112/night at 59% occupancy ($24,135). Airbtics projects $105/night at 62% occupancy ($23,777). Airbtics predicts this property will perform in the 50% revenue percentile

BNB Calc projects a 62% occupancy rate, $105 rate per night.

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

Percentiles25%50%75%90%
Revenue$17,502$22,819$27,891$40,318
Occupancy55%62%69%74%
Nightly Rate$83$95$104$140

Seasonality (Profit by Month)

Sign up to view the full seasonality chart

Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Peaceful 2 BR w/ King Bed, 9 Min to Downtown
$23,910
$90
70%
211$50❌❌✅Y / Y⭐️ 5 (250)
Cozy Hive Retreat | Central | Fenced | 2 Bed
$24,419
$98
62%
211$75❌❌✅Y / Y⭐️ 5 (80)
Convenient 2King bed+2Bath near Downtown&Airport
$32,428
$219
40%
222$40❌❌❌Y / Y⭐️ 5 (14)
The Cottage | Sleeps 6 | Off I-229 | Dog Friendly
$22,854
$104
56%
211$60❌❌✅Y / Y⭐️ 5 (117)
The Adventure Suite
$25,309
$72
92%
212$65❌❌✅Y / Y⭐️ 5 (162)
Cool River Retreat (near downtown/full kitchen)
$26,670
$104
68%
223$65❌❌❌Y / Y⭐️ 5 (118)
Sweet Retreat
$33,091
$137
65%
211$35❌❌❌Y / Y⭐️ 5 (94)
Home away from home
$21,594
$100
59%
222$0❌❌❌Y / Y⭐️ 5 (366)
Entire main floor
$21,408
$104
55%
211$25❌❌❌Y / Y⭐️ 5 (369)
The Comfy Place
$20,861
$79
64%
211$50❌❌✅N / Y⭐️ 5 (923)
The Dutch on 7th
$22,818
$92
64%
211$55❌❌❌N / Y⭐️ 5 (218)
The Cute Place
$20,815
$82
60%
211$50❌❌✅N / Y⭐️ 5 (780)
Copper Cabin Cedar Lodge-unique retreat sleeps 1-6
$39,700
$147
72%
211$60❌❌✅Y / Y⭐️ 5 (33)
Cozy Cottage in the City
$18,615
$85
55%
211$50❌❌❌Y / Y⭐️ 5 (380)
2 Bedroom house- close to downtown
$16,683
$76
55%
211$60❌❌❌Y / Y⭐️ 4.5 (168)
The Lounge: Hot Tub, 86" TV, Golf + Fenced Yard
$29,109
$113
63%
211$105❌✅✅Y / Y⭐️ 5 (229)
Mid-Century Connection | 3 minutes to Sanford
$24,555
$83
74%
211$90❌❌❌Y / Y⭐️ 5 (72)
The Cozy Corner - A 2BR Retreat
$28,117
$97
74%
212$115❌❌❌Y / Y⭐️ 4.5 (17)
The Happy Place
$23,576
$98
60%
211$50❌❌✅Y / Y⭐️ 5 (432)
The Lake House in Sioux Falls
$23,308
$99
62%
222$60❌❌❌Y / Y⭐️ 5 (41)
Mid Century Modern Midtown - centrally located
$27,535
$97
74%
221$90❌❌❌Y / Y⭐️ 5 (167)
Charming Cottage - by hospitals & universities
$17,548
$80
55%
211$80❌❌❌Y / Y⭐️ 5 (272)
The Loft on Phillips - Sioux Falls
$59,901
$339
44%
222$150❌❌❌Y / Y⭐️ 5 (32)
Stay on Spring | A Classy Stay Downtown | #6
$19,183
$84
57%
211$50❌❌✅Y / Y⭐️ 5 (129)
Skots West Villa-Sanf.Med,MidcoAqu. &CountryClub
$23,950
$72
86%
211$40❌❌❌Y / Y⭐️ 5 (265)
Cozy Chateau close to Starbucks & Downtown
$20,210
$88
58%
211$50❌❌❌Y / Y⭐️ 5 (281)
The Mustard Door
$27,028
$112
64%
212$65❌❌✅Y / Y⭐️ 5 (77)
Downtown Home with Dog park-right by bike trail
$15,213
$97
40%
211$42❌❌✅Y / Y⭐️ 5 (344)
The Safari Suite
$24,438
$69
90%
212$65❌❌✅Y / Y⭐️ 5 (149)
Remodeled 1921 Charmer with King Bed
$23,705
$91
69%
211$30❌❌❌Y / Y⭐️ 5 (526)
The Lounge #2: Golf/Foosball + Fenced Yard
$24,249
$103
57%
211$105❌❌✅Y / Y⭐️ 5 (139)
Park View on Phillips 1
$36,458
$125
78%
212$100❌❌❌Y / Y⭐️ 5 (110)
Two Master Suites McKennan Park Craftsman
$26,416
$140
50%
22.54$120❌❌❌Y / Y⭐️ 5 (48)
Lower level on fireside
$11,158
$84
35%
211$20❌❌❌Y / Y⭐️ 5 (537)
Cottage on Lake | Sleeps 5 | By Sanford/Augie/USF
$19,458
$86
58%
211$60❌❌❌Y / Y⭐️ 4.9 (41)
Upper East Villa-by Sanford,MidcoAqu.&CountryClub
$18,782
$78
62%
211$40❌❌❌Y / Y⭐️ 5 (247)
Skots East Villa-by Sanf.Med,MidcoAqu.&CountryClub
$24,217
$87
72%
211$39❌❌❌Y / Y⭐️ 5 (341)
Upper West Villa-by Sanford,MidcoAqu.&CountryClub
$21,382
$83
67%
211$38❌❌❌Y / Y⭐️ 5 (250)
McKennan Magic
$30,950
$151
56%
211$0❌❌❌Y / Y⭐️ 5 (18)
Quick Trip Perfection - Comfy and Cozy
$19,064
$93
55%
211$50❌❌❌Y / Y⭐️ 5 (22)

Return Metrics

-11.84% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)-$6,012-$12,025-$18,038-$24,051-$30,064-$60,128-$180,385
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$154,400$154,400$154,400$154,400$154,400$154,400$154,400
Down Payment$38,600$38,600$38,600$38,600$38,600$38,600$38,600
Property Appreciation$5,790$11,753$17,896$24,223$30,739$66,375$275,461
Total Return$192,777$192,728$192,857$193,171$193,675$199,247$288,076

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

-11.84%

Cap Rate

3.63%

Return on Investment

3.29%

property-location

417 S Thompson Ave Sioux Falls, South Dakota, 57103

2 bed • 1.5 bath • 6 guests

Est. $926/mo

Agent

Inquire about this property

Contact Chris

$193,000

Zestimate

Sioux Falls

Guide

Zoning

Guide


Laws

-42

Airbnb Investor Score

-$6,012

Annual Profit

3.6%

Cap Rate

-11.8%

Cash on Cash

$23,777

Annual Revenue

This property is projected to be in the top 50% revenue percentile compared to similar properties nearby.
Projected nightly rate is $112/night at 59% occupancy.Projected nightly rate is $105/night at 62% occupancy.

Top 51% of comparables

Top 28% of comparables


Seasonality

Sign up to view the full seasonality chart

40

Airbnb Comparables

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

$24,767

Avg annual revenue

62%

Avg occupancy rate

$105

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

$25k

$45k

$60k

Sign up to see the data on 40 all comparables

-$6,013

Profit

Revenue

$23,777

Operating Expenses

$16,771

Operating Income

$7,006

Mortgage & Taxes

$13,019

Profit (Cash Flow)

-$6,013

$50,765

Cash Investment

Down Payment

$38,600

Renos & Furnishing

$6,375

Closing Costs

$5,790

Total

$50,765

DSCR Ratio

Weak

0.54

<0>Get a pre-qualification letter</0>

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

-11.84%

Cap Rate

3.63%

Profit (Cummulative)

-$6,013

$154,400

$6,375

$5,790

$0

Total Gain

$1,673

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

$9,160

Deductible property tax

$1,911

Your total deduction

$26,013

Your adjusted annual income

$150,000 - $26,013 = $123,987


Taxes on $123,987 (30%)

$37,196

Your old tax bill

$45,000

Your new tax bill

$37,196


Estimated tax savings

$7,804

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:

2,787 sqft

Year built:

1979

Size:

1,608 sqft

Type:

SINGLE_FAMILY

Parking:

-

Heating:

Forced air, Gas

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: SINGLE_FAMILY
  • Stories: -
  • Lot size: 2,787 sqft
  • Building area: 1,608 sqft
  • Garage: No
  • Heating: Forced air, gas
  • Pool: No
  • Fireplaces: -
  • Basement: Yes
  • Cooling: Central
  • View: -
  • Parking: Garage - Attached
  • Amenities: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
  • Price per square foot: $120

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 28367
  • Flood Zone: No

Tax Info

  • Year Assessed: 2022
  • Assessed Value: $123,000
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $193,000


Schools

  • Elementary School: Cleveland Elementary - 14 with 3/10 star rating
  • Middle School: Ben Reifel Middle School - 68
  • High School: Washington High School - 01 with 3/10 star rating