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BNBCalc Short Term Rental Investment Analysis 624 Jefferson St NE, Minneapolis, MN, 55413

1 bed • 1 bath • 2 guests • $341,000

BNB

Calc

Annual Revenue

$41,715

Profit (Cash Flow)

$19,236

Cap Rate

6.6%

Annual Revenue

$41,715

AirDNA projects $126/night at 72% occupancy ($33,134). Airbtics projects $133/night at 72% occupancy ($34,975). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 81% occupancy rate, $141 rate per night.

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

Percentiles25%50%75%90%
Revenue$25,522$35,205$44,353$63,957
Occupancy67%72%81%88%
Nightly Rate$100$127$141$190

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
MINNeSTAY* Sable 701 Loft | Walk to Shops/Dining

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51%
121$129❌❌❌Y / Y⭐️ 4.8 (40)
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$197
55%
111$80❌❌✅Y / Y⭐️ 4.9 (176)
Minneapolis Townhome w/ Loft < 3 Mi to Dtwn!

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$42,127
$164
68%
122$110❌❌❌Y / Y⭐️ 4.9 (37)
Vibes & Style at The Dollhouse! Arts District Gem

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$38,750
$141
72%
111$85❌❌✅Y / Y⭐️ 5 (69)
Super Cool Storefront House with Sauna!

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$45,160
$126
95%
112$75❌❌❌Y / Y⭐️ 5 (620)
Private One Bedroom near U of M, Dinkytown #A304

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$71
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111$25❌❌❌Y / Y⭐️ 4.7 (271)
Charming One Bedroom Apt near the U of M # B206

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$19,740
$70
75%
111$25❌❌❌Y / Y⭐️ 4.7 (337)
Two Queen Beds- Entire 1 Bedroom Apt #C307

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$25,266
$85
78%
111$40❌❌✅Y / Y⭐️ 4.7 (306)
Centrally Located Updated Apt by the U of M-#C308

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$20,041
$76
70%
111$30❌❌✅Y / Y⭐️ 4.7 (326)
Cozy, Private Loft in NE Minneapolis Arts District

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$30,502
$97
84%
112$40❌❌❌Y / Y⭐️ 5 (101)
MINNeSTAY* Sable 703 | North Loop | Target Field

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$31,791
$122
65%
111$69❌❌❌Y / Y⭐️ 4.7 (46)
MINNeSTAY* Sable 301 - Studio | North Loop

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$42,612
$190
57%
111$69❌❌❌Y / Y⭐️ 4.8 (75)
MINNeSTAY* Sable 82 Alcove | Northloop

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$37,085
$139
68%
111$69❌❌❌Y / Y⭐️ 4.8 (25)
1-BR Loft in the Heart of Northeast Arts District

No image available

$20,767
$87
62%
112$60❌❌✅Y / Y⭐️ 4.9 (100)
Sunny Loft with a Sauna and Deck - Walkable!

No image available

$28,811
$108
70%
112$75❌❌❌Y / Y⭐️ 4.9 (644)
MINNeSTAY* Sable 305 North Loop | Modern | Fun

No image available

$32,915
$138
59%
111$79❌❌❌Y / Y⭐️ 4.5 (11)
MINNeSTAY* Sable 408 Shop-Drink-Dine | North Loop

No image available

$41,137
$128
82%
111$69❌❌❌Y / Y⭐️ 4.8 (134)
MINNeSTAY* Sable 702 | Shops/Dining | North Loop

No image available

$37,649
$121
80%
111$69❌❌❌Y / Y⭐️ 4.8 (134)
MINNeSTAY* Sable 608 One Bedroom | Target Field

No image available

$40,871
$139
75%
111$79❌❌❌Y / Y⭐️ 4.8 (78)
MINNeSTAY* Sable 704 - One Bedroom | North Loop

No image available

$39,944
$141
72%
111$79❌❌❌Y / Y⭐️ 5 (50)
MINNeSTAY* Sable 603 | Stylish Condo | Weekend Fun

No image available

$29,533
$122
61%
111$69❌❌❌Y / Y⭐️ 5 (48)
MINNeSTAY* Sable 602 North Loop | Target Field

No image available

$35,346
$121
74%
111$69❌❌❌Y / Y⭐️ 4.7 (65)
MINNeSTAY* Sable 206 - Alcove | North Loop

No image available

$33,239
$122
69%
111$69❌❌❌Y / Y⭐️ 4.7 (36)
MINNeSTAY* Sable 507 North Loop | Shop-Drink-Dine

No image available

$38,684
$123
81%
111$69❌❌❌Y / Y⭐️ 4.8 (108)
MINNeSTAY* Sable 607 | Biz Travelers | North Loop

No image available

$32,487
$128
64%
111$69❌❌❌Y / Y⭐️ 4.8 (65)
Victorian 3rd Floor Studio

No image available

$31,850
$100
83%
111$35❌❌❌N / Y⭐️ 5 (108)
☆Bikes, Rainfall Shower, Fireplace + Parking☆

No image available

$22,914
$149
37%
111$69❌❌✅Y / Y⭐️ 4.6 (90)
MINNeSTAY* Sable 308 North Loop | Weekend Escape

No image available

$33,483
$122
69%
111$69❌❌❌Y / Y⭐️ 4.8 (63)
Sonder at East End | One-Bedroom Apartment

No image available

$36,278
$236
42%
111$0✅❌❌Y / Y⭐️ 4.7 (88)
The "Grand Old House" in NE Mpls

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$29,754
$100
79%
112$50❌❌❌Y / Y⭐️ 5 (291)
NE Minneapolis Brick Beauty - Unit 3

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$25,114
$92
72%
112$60❌❌❌N / Y⭐️ 5 (67)
DT, UMN, 1 BD Gym, Free Street Parking, Rooftop

No image available

$25,880
$68
97%
112$95❌❌✅Y / Y⭐️ 5 (32)
MINNeSTAY* Sable 401 Studio | Target Field | Fun

No image available

$39,270
$134
75%
111$69❌❌❌Y / Y⭐️ 4.8 (106)
DT, UMN, New 1BD GYM, Rooftop, Free Parking

No image available

$26,498
$67
98%
112$95❌❌✅Y / Y⭐️ 4.8 (39)
Spacious, Stylish, & Cozy Suite

No image available

$41,616
$129
87%
112$35❌❌❌Y / Y⭐️ 5 (221)
Modern Minimalist Northeast Apartment

No image available

$41,202
$137
80%
112$45❌❌❌Y / Y⭐️ 5 (147)
Sonder at Second & Second | One-Bedroom w/ Balcony

No image available

$37,662
$147
70%
111$0❌❌❌Y / Y⭐️ 4.7 (295)
Sonder at SECOND & SECOND | One-Bedroom Apartment

No image available

$79,777
$307
71%
111$0❌❌❌Y / Y⭐️ 4.7 (191)
MINNeSTAY* Sable 409 - One Bedroom | North Loop

No image available

$57,451
$173
88%
111$79❌❌❌Y / Y⭐️ 4.8 (82)
MINNeSTAY* Sable 807 - One Bedroom | Skyline Views

No image available

$50,420
$141
94%
111$79❌❌❌Y / Y⭐️ 4.8 (67)

Return Metrics

5.41% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$19,235$38,471$57,707$76,942$96,178$192,357$577,071
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$0$0$0$0$0$0$0
Down Payment$341,000$341,000$341,000$341,000$341,000$341,000$341,000
Property Appreciation$10,230$20,766$31,619$42,798$54,312$117,275$486,696
Total Return$370,465$400,238$430,327$460,741$491,491$650,632$1,404,768

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

5.41%

Cap Rate

6.63%

Return on Investment

8.28%

property-location

624 Jefferson St NE 3 Minneapolis, Minnesota, 55413

1 bed • 1 bath • 2 guests

Est. $1,636/mo

Agent

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Contact Agent

$341,000

Zestimate

Minneapolis

Guide

Zoning

Market

Guide


Laws


Market Data

67

Airbnb Investor Score

$19,235

Annual Profit

6.6%

Cap Rate

5.4%

Cash on Cash

$41,715

Annual Revenue

This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $126/night at 72% occupancy.Projected nightly rate is $133/night at 72% occupancy.

Top 26% of comparables

Top 28% 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.

$36,052

Avg annual revenue

72%

Avg occupancy rate

$133

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

$20k

$40k

$60k

$80k

Sign up to see the data on 40 all comparables

$19,236

Profit

Revenue

$41,715

Operating Expenses

$19,103

Operating Income

$22,612

Mortgage & Taxes

$3,376

Profit (Cash Flow)

$19,236

$345,250

Cash Investment

Down Payment

$341,000

Renos & Furnishing

$4,250

Total

$345,250

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

5.41%

Cap Rate

6.63%

Profit (Cummulative)

$19,236

$0

$4,250

$10,230

$0

Total Gain

$29,466

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

$0

Deductible property tax

$3,376

Your total deduction

$18,576

Your adjusted annual income

$150,000 - $18,576 = $131,424


Taxes on $131,424 (30%)

$39,427

Your old tax bill

$45,000

Your new tax bill

$39,427


Estimated tax savings

$5,573

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:

5,227 sqft

Year built:

1900

Size:

3,242 sqft

Type:

MULTI_FAMILY

Parking:

2

Heating:

Forced Air

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: MULTI_FAMILY
  • Stories: -
  • Lot size: 5,227 sqft
  • Building area: 3,242 sqft
  • Garage: Yes
  • Heating: Forced air
  • Pool: No
  • Fireplaces: -
  • Basement: Yes
  • Cooling: -
  • View: -
  • Parking: Garage
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 1402924420149
  • Flood Zone: No

Tax Info

  • Year Assessed: 2024
  • Assessed Value: $351,000
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $341,000


Schools

  • Elementary School: Webster Elementary with 3/10 star rating
  • Middle School: Northeast Middle School with 2/10 star rating
  • High School: Edison Senior High School with 3/10 star rating

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