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BNBCalc Short Term Rental Investment Analysis 588 Bell St 0807s, Seattle, WA, 98121

2 bed • 2 bath • 6 guests • $900,000

BNB

Calc

Annual Revenue

$73,363

Profit (Cash Flow)

-$10,565

Cap Rate

5.6%

Annual Revenue

$73,363

AirDNA projects $320/night at 71% occupancy ($82,983). Airbtics projects $222/night at 75% occupancy ($60,813). Airbtics predicts this property will perform in the 44% revenue percentile

BNB Calc projects a 83% occupancy rate, $242 rate per night.

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

Percentiles25%50%75%90%
Revenue$49,127$67,504$75,774$86,405
Occupancy66%77%83%89%
Nightly Rate$197$233$242$253

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Historic 2BR Apt in ❤️ of DT Seattle Free Parking+99 WalkScore

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$174
86%
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2B2B Space Needle Airbnb+ Parking (small SUV only)

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$141
96%
221$120❌❌❌Y / Y⭐️ 5 (388)
Spacious 2 Bedroom in the Heart of Seattle!

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$49,266
$197
65%
212$80✅✅❌Y / Y⭐️ 5 (128)
Stunning 2 Bedroom 2 Bath Home in Seattle!⁴

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$54,152
$233
62%
222$80✅✅❌Y / Y⭐️ 5 (126)
Baby Friendly Loft w/ AC, Parking by Space Needle

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$42,238
$139
75%
21.51$157❌❌❌Y / Y⭐️ 5 (142)
2BR VIEW! 98% Walk Score-FREE pkg-hot tub-pool

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$80,474
$247
88%
212$115✅✅❌Y / Y⭐️ 5 (302)
Luxurious 2BR Penthouse with Water View Seattle!

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$77,295
$241
85%
222$80✅✅❌Y / Y⭐️ 5 (54)
Brilliant 2 Bedroom Home in the Heart of Seattle!

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$51,430
$197
69%
212$80✅✅❌Y / Y⭐️ 5 (61)
Elegant 2 Bedroom Home in the Heart of Seattle!

No image available

$57,228
$194
78%
212$80✅✅❌Y / Y⭐️ 5 (142)
Exquisite 2 Bedroom Home in Downtown Seattle!

No image available

$50,333
$206
64%
212$80✅✅❌Y / Y⭐️ 5 (148)
Spacious 2 BR Condo in the Heart of the City

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$60,307
$202
78%
212$80✅✅❌Y / Y⭐️ 5 (67)
#1 Location/2BR/Across From Space Needle!

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$84,808
$345
64%
213$249❌❌❌Y / Y⭐️ 5 (327)
Luxurious 2BR Penthouse in the Heart of Seattle!

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$73,452
$236
83%
222$80✅✅❌Y / Y⭐️ 5 (147)
DT Designer's 2BR Condo Parking, Tub, Pool - 99 wa

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$59,731
$238
66%
211$160✅✅❌Y / Y⭐️ 4.5 (270)
Cozy Belltown Condo with amazing Elliott Bay Views

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$103,484
$297
94%
222$130✅✅❌Y / Y⭐️ 5 (272)
Mid-Century Penthouse, Walk score 99. 2bd 2bath

No image available

$77,370
$236
89%
221$165✅✅❌Y / Y⭐️ 5 (222)
Beautiful 2 Story Penthouse w/ Pool & Free Parking

No image available

$66,935
$210
85%
21.52$80✅✅❌Y / Y⭐️ 5 (93)
Corner Unit in the middle of it all - 99 Walkscore

No image available

$75,418
$251
80%
212$128✅✅✅Y / Y⭐️ 4.5 (215)
Gorgeous Open Penthouse in the Heart of Seattle!

No image available

$82,709
$248
89%
22.52$80✅✅❌Y / Y⭐️ 5 (73)
Spectacular 2BR 2BA in Heart of Seattle! +Pool/Pkg

No image available

$73,429
$238
82%
222$80✅✅❌Y / Y⭐️ 5 (79)
Fabulous Penthouse in Seattle!

No image available

$70,653
$235
80%
222$80✅✅❌Y / Y⭐️ 5 (68)
Lovely 2BR condo w/ pool in the heart of Seattle!

No image available

$63,853
$233
73%
222$80✅✅❌Y / Y⭐️ 5 (103)
Gorgeous Penthouse in the Heart of Seattle!

No image available

$71,421
$236
80%
222$80✅✅❌Y / Y⭐️ 5 (76)
Stunning Waterview Condo in the Heart of Seattle!

No image available

$92,217
$262
95%
222$80✅✅❌Y / Y⭐️ 5 (54)
Dazzling 2BR Penthouse in Belltown!+Pool & Parking

No image available

$58,432
$208
74%
21.52$80✅✅❌Y / Y⭐️ 5 (156)
Charming Condo, 99 Walk Score, Free Park, Pool/Spa

No image available

$67,357
$193
93%
211$150✅✅❌Y / Y⭐️ 4.5 (93)
Spacious 2 Bedroom Condo with Pool & Free Parking!

No image available

$60,256
$235
68%
222$80✅✅❌Y / Y⭐️ 5 (66)
Penthouse Suite Downtown, Top Floor 4 Beds, 2Baths

No image available

$62,184
$253
62%
221$214❌✅✅Y / Y⭐️ 4.5 (43)
Stylish 2 Bedroom Home in the Heart of Seattle!

No image available

$57,402
$200
76%
212$80✅✅❌Y / Y⭐️ 5 (111)
Brilliant 2 Bedroom 2 Bath Home in Seattle!⁶

No image available

$54,272
$233
61%
222$80✅✅❌Y / Y⭐️ 5 (159)
Condo near the Space Needle

No image available

$29,955
$129
60%
222$200❌❌❌Y / Y⭐️ 5 (79)
Space Needle Downtown Modern Top Story Penthouse

No image available

$73,198
$253
72%
221$214❌✅✅Y / Y⭐️ 5 (41)
Chic 2 Bedroom 2 Bath Home in Heart of Seattle!

No image available

$64,623
$237
73%
222$80✅✅❌Y / Y⭐️ 5 (121)
Beautiful Home in the Heart of Seattle!

No image available

$58,028
$231
67%
222$80✅✅❌Y / Y⭐️ 5 (93)
Spacious 2BR 2BA in Heart of Seattle! +Pool/Pkg

No image available

$66,544
$246
72%
222$80✅✅❌Y / Y⭐️ 5 (47)
2BR Soundview Washington State Conv.Center 7th-fl

No image available

$42,707
$248
42%
222$167✅✅✅Y / Y⭐️ 4.4 (46)
Spacious 2 Bedroom Home at the Heart of Seattle

No image available

$46,158
$197
61%
212$80✅✅❌Y / Y⭐️ 5 (22)
Cozy home nearby most attractions Seattle center

No image available

$53,049
$170
81%
221$150✅❌❌Y / Y⭐️ 5 (265)
Lovely 2 Bed/Bath Penthouse w/ Space Needle View

No image available

$64,952
$222
79%
222$140❌❌❌Y / Y⭐️ 5 (156)
Immaculate Modern 2BR Condo with Pool & Parking!

No image available

$59,228
$193
81%
212$80✅✅❌Y / Y⭐️ 5 (60)

Return Metrics

-4.94% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)-$10,565-$21,130-$31,696-$42,261-$52,827-$105,654-$316,963
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$720,000$720,000$720,000$720,000$720,000$720,000$720,000
Down Payment$180,000$180,000$180,000$180,000$180,000$180,000$180,000
Property Appreciation$27,000$54,810$83,454$112,957$143,346$309,524$1,284,536
Total Return$916,434$933,679$951,757$970,696$990,519$1,103,870$1,867,573

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

-4.94%

Cap Rate

5.57%

Return on Investment

11.83%

property-location

588 Bell St Seattle, Washington, 98121

2 bed • 2 bath • 6 guests

Est. $4,317/mo

Agent

Inquire about this property

Contact Agent

$2,153,100

Zestimate

Seattle

Guide

Zoning

Market

Guide


Laws


Market Data

-6

Airbnb Investor Score

-$10,565

Annual Profit

5.6%

Cap Rate

-4.9%

Cash on Cash

$73,363

Annual Revenue

This property is projected to be in the top 44% revenue percentile compared to similar properties nearby.
Projected nightly rate is $320/night at 71% occupancy.Projected nightly rate is $222/night at 75% occupancy.

Top 26% of comparables

Top 26% of comparables


Seasonality

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40

Airbnb Comparables

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

$63,570

Avg annual revenue

75%

Avg occupancy rate

$222

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

$30k

$55k

$80k

$105k

Sign up to see the data on 40 all comparables

-$10,565

Profit

Revenue

$73,363

Operating Expenses

$23,217

Operating Income

$50,146

Mortgage & Taxes

$60,711

Profit (Cash Flow)

-$10,565

$213,500

Cash Investment

Down Payment

$180,000

Renos & Furnishing

$6,500

Closing Costs

$27,000

Total

$213,500

DSCR Ratio

Weak

0.83

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

-4.94%

Cap Rate

5.57%

Profit (Cummulative)

-$10,565

$720,000

$6,500

$27,000

$0

Total Gain

$25,276

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

$42,715

Deductible property tax

$8,910

Your total deduction

$100,624

Your adjusted annual income

$150,000 - $100,624 = $49,376


Taxes on $49,376 (30%)

$14,813

Your old tax bill

$45,000

Your new tax bill

$14,813


Estimated tax savings

$30,187

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:

2015

Size:

1,523 sqft

Type:

CONDO

Parking:

2

Heating:

90%+ High Efficiency, Forced Air

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: CONDO
  • Stories: 1
  • Lot size: -
  • Building area: 1,523 sqft
  • Garage: Yes
  • Heating: 90%+ high efficiency, forced air
  • Pool: No
  • Fireplaces: 0
  • Basement: No
  • Cooling: 90%+ High Efficiency, Central Air, Forced Air
  • View: City, Lake, Mountain(s), See Remarks, Sound, Territorial
  • Parking: Common Garage
  • Amenities: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Garbage Disposal, Water Heater: Central Boiler, Water Heater Location: Roof, Cooking-Gas, Dryer-Electric, Ice Maker, Washer
  • Price per square foot: $1,413

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 3589003270
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $1,962,000
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $2,153,100


Schools

  • Elementary School: Lowell Elementary School with 3/10 star rating
  • Middle School: Edmonds S. Meany Middle School with 5/10 star rating
  • High School: Garfield High School with 8/10 star rating

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