BNBCalc Short Term Rental Investment Analysis 6615 Lake Shore Dr S 505, Richfield, MN 55423

2 bed • 1 bath • 6 guests • $169,900

BNB

Calc

Annual Revenue

$29,665

Profit (Cash Flow)

$668

Cap Rate

7.1%

Annual Revenue

$29,665

AirDNA projects $131/night at 62% occupancy ($29,665). Airbtics projects $135/night at 67% occupancy ($33,036). Airbtics predicts this property will perform in the 45% revenue percentile

BNB Calc projects a 62% occupancy rate, $131 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$24,402	$33,789	$43,365	$61,577
Occupancy	61%	68%	73%	79%
Nightly Rate	$105	$130	$155	$204

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
City Center Cove ~ Close to MOA & MSP Airport	$40,089	$132	77%	2	2	2	$120	❌	❌	❌	Y / Y	⭐️ 5 (55)
Vintage Time Capsule * Fantastic Mpls Neighborhood	$26,792	$156	45%	2	2	2	$99	❌	❌	❌	Y / Y	⭐️ 5 (95)
Comfy Beds \| Fast Wifi \| Great Location	$28,307	$105	69%	2	1	2	$89	❌	❌	❌	Y / Y	⭐️ 5 (102)
Modern Metro Getaway - 5 min from airport	$38,264	$155	63%	2	2	1	$110	❌	❌	❌	Y / Y	⭐️ 4.9 (52)
Sauna and the City	$72,354	$264	73%	2	2	2	$150	❌	❌	✅	Y / Y	⭐️ 5 (35)
Richfield Haven! 2 room private basement suite.	$17,414	$78	61%	2	1	1	$0	❌	❌	❌	Y / Y	⭐️ 4.8 (786)
Pillsbury Petite Guest Suite	$21,976	$85	66%	2	1	1	$40	❌	❌	❌	N / Y	⭐️ 5 (152)
Gracious Rambler, Centrally Located	$26,016	$105	63%	2	1	2	$60	❌	❌	❌	Y / Y	⭐️ 4.8 (130)
2br near MOA, airport, Starbucks!	$26,291	$99	68%	2	1	1	$59	❌	❌	❌	Y / Y	⭐️ 4.8 (286)
Best location- airport, mall, starbucks & dining!	$29,075	$109	68%	2	1	1	$59	❌	❌	❌	Y / Y	⭐️ 4.8 (204)
Private 2 Br 1Ba.Near parks, shops, the airport!	$22,811	$83	71%	2	1	3	$88	❌	❌	❌	Y / Y	⭐️ 4.7 (78)
Airport-MOA-2 Bedroom, FAST Wi-Fi, Parking, Office	$31,325	$115	72%	2	1	2	$145	❌	❌	❌	Y / Y	⭐️ 5 (66)
Bright & Spacious! 2 bedrm unit in Prime Location!	$14,612	$40	76%	2	1	3	$200	❌	❌	✅	Y / Y	⭐️ 4.8 (32)
Sunny Retreat Haven	$41,832	$162	66%	2	2	2	$150	❌	❌	❌	Y / Y	⭐️ 4.9 (30)
2+BR, Dog Friendly, Unit 1 -Reserved Parking	$20,842	$113	48%	2	1	2	$110	❌	❌	✅	Y / Y	⭐️ 4.9 (185)
2BR, Dog Friendly, Unit 2 -Reserved Parking	$24,839	$141	46%	2	1	1	$110	❌	❌	✅	Y / Y	⭐️ 5 (102)
Peaceful and Serene -The Sheridan House!	$31,872	$134	61%	2	1	2	$115	❌	❌	✅	Y / Y	⭐️ 4.8 (149)
Cozy Bungalow - Close to MSP	$21,178	$131	40%	2	1	1	$200	❌	❌	❌	Y / Y	⭐️ 4.1 (12)
Gigi’s Villa	$22,548	$102	59%	2	1	2	$65	❌	❌	❌	Y / Y	⭐️ 4.8 (96)
Lake Nokomis Neighborhood Getaway	$36,073	$169	56%	2	1	2	$130	❌	❌	❌	Y / Y	⭐️ 5 (67)
Upper Level Duplex - Close to Lakes - Free Cancel	$27,283	$88	83%	2	1	2	$50	❌	❌	✅	Y / Y	⭐️ 5 (54)
Winter Hideaway on Sheridan	$33,657	$134	64%	2	1	7	$125	❌	❌	✅	Y / Y	⭐️ 4.8 (13)
Pet friendly Rosemond Getaway	$41,752	$115	97%	2	1	2	$115	❌	❌	✅	Y / Y	⭐️ 4.7 (33)
Cozy Yellow Home Near Lake Nokomis	$33,975	$115	79%	2	1	2	$80	❌	❌	✅	Y / Y	⭐️ 5 (168)
Minneapolis Vacation Rental By Lake Harriet!	$35,291	$130	67%	2	1	2	$135	❌	❌	✅	N / Y	⭐️ 4.7 (15)
Luxury 2BR Oasis - MSP/Edina - By Lux Life	$45,967	$212	59%	2	2	30	$120	❌	❌	❌	Y / Y	⭐️ 4.9 (26)
Cold Plunge + Sauna in SW Minny	$52,591	$204	68%	2	1	2	$70	❌	❌	❌	Y / Y	⭐️ 5 (56)
Inviting&Cozy 2 beds,1 bath, near airport, parks!	$29,685	$104	72%	2	1	3	$94	❌	❌	❌	Y / Y	⭐️ 4.8 (37)
Charming Home Near Lakes & Downtown Minneapolis	$38,157	$136	76%	2	1	3	$75	❌	❌	❌	Y / Y	⭐️ 5 (98)
Noko Nook	$34,667	$148	64%	2	1	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (18)
2bdr modern, clean and quiet oasis	$38,616	$151	69%	2	1	2	$49	❌	❌	❌	Y / Y	⭐️ 5 (40)
Gorgeous 2br/1ba home in the heart of Minneapolis	$29,099	$123	62%	2	1	2	$90	❌	❌	❌	Y / Y	⭐️ 4.8 (130)
Minneapolis Historical Alley Home #TreeHouse	$34,187	$125	73%	2	1	2	$90	❌	❌	✅	Y / Y	⭐️ 4.7 (109)
Cozy Cottage with Fireplace On Quiet Street	$35,115	$96	93%	2	1	5	$105	❌	❌	❌	Y / Y	⭐️ 4.8 (180)
Beautiful 2BR 1BA Home - Fenced-in Yard w/Parking	$52,266	$163	86%	2	1	1	$30	❌	❌	✅	N / Y	⭐️ 5 (177)
Comfortable House 1 Block from Light Rail Station	$30,146	$108	70%	2	1	2	$95	❌	❌	✅	Y / Y	⭐️ 4.8 (323)
The Ewing: One story renovated Linden Hills home	$57,487	$244	63%	2	1	2	$175	❌	❌	❌	Y / Y	⭐️ 5 (65)
Charming Minnehaha Parkway Bungalow	$37,401	$131	76%	2	1	2	$80	❌	❌	❌	Y / Y	⭐️ 4.9 (155)
MINNeSTAY* Hygge House \| Sauna \| Cozy	$72,515	$234	78%	2	2	1	$209	❌	❌	❌	Y / Y	⭐️ 5 (7)
Clean and Cozy at 50th & France	$39,473	$177	60%	2	1	3	$75	❌	❌	❌	Y / Y	⭐️ 5 (64)

Return Metrics

1.47% cash on cash return is a fair return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$667	$1,335	$2,003	$2,670	$3,338	$6,677	$20,032
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$135,920	$135,920	$135,920	$135,920	$135,920	$135,920	$135,920
Down Payment	$33,980	$33,980	$33,980	$33,980	$33,980	$33,980	$33,980
Property Appreciation	$5,097	$10,346	$15,754	$21,323	$27,060	$58,431	$242,491
Total Return	$175,664	$181,582	$187,657	$193,894	$200,299	$235,008	$432,423

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

1.47%

Cap Rate

7.13%

Return on Investment

16.4%

6615 Lake Shore Dr S 505 Richfield, MN, 55423

2 bed • 1 bath • 6 guests

Purchase Price

Est. $815/mo

This property is for sale!

Contact Agent

Airbnb Investor Score

$667

Annual Profit

7.1%

Cap Rate

1.5%

Cash on Cash

$29,665

Annual Revenue

This property is projected to be in the top 45% revenue percentile compared to similar properties nearby.
Projected nightly rate is $131/night at 62% occupancy.Projected nightly rate is $135/night at 67% occupancy.

Occupancy Rate

Top 73% of comparables

Avg Daily Rate

Top 48% of comparables

Seasonality

40 Airbnb Comparables

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

$34,846

Avg annual revenue

67%

Avg occupancy rate

$135

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

$15k

$35k

$55k

$75k

$668

Profit

Revenue

$29,665

Operating Expenses

$17,536

Operating Income

$12,129

Mortgage & Taxes

$11,461

Profit (Cash Flow)

$668

$45,327

Cash Investment

Down Payment

$33,980

Renos & Furnishing

$6,250

Closing Costs

$5,097

Total

$45,327

DSCR Ratio

Acceptable

1.06

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

1.47%

Cap Rate

7.13%

Return on Investment

16.4%

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

$8,064

Deductible property tax

$1,682

Your total deduction

$17,026

Your adjusted annual income

$150,000 - $17,026 = $132,974

Taxes on $132,974 (30%)

$39,892

Your old tax bill

$45,000

Your new tax bill

$39,892

Estimated tax savings

$5,108

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: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -