BNBCalc Short Term Rental Investment Analysis 70 Carroll Ave UNIT 709, Newport, RI, 02840

2 bed • 1 bath • 6 guests • $360,000

BNB

Calc

Annual Revenue

$80,076

Profit (Cash Flow)

$31,702

Cap Rate

15.6%

Annual Revenue

$80,076

AirDNA projects $375/night at 51% occupancy ($69,852). Airbtics projects $378/night at 58% occupancy ($80,076). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 58% occupancy rate, $378 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$37,317	$74,916	$126,126	$184,123
Occupancy	44%	60%	73%	80%
Nightly Rate	$228	$335	$463	$619

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
The Peaceful Puffin	$62,648	$254	65%	2	1	1	$130	❌	❌	✅	Y / Y	⭐️ 5 (329)
Walk to The Heart of All That is Newport	$31,165	$143	58%	2	1	2	$115	❌	❌	❌	Y / Y	⭐️ 5 (109)
Downtown Thames St Condo - Great Walkability!	$69,031	$307	60%	2	2	1	$200	❌	❌	✅	Y / N	⭐️ 5 (55)
Coastal Condo w/Washer & Dryer - On Thames St	$43,219	$303	35%	2	2	2	$240	❌	❌	❌	Y / Y	⭐️ 5 (10)
Amazing roof deck-near everything!	$145,677	$638	62%	2	2.5	2	$150	❌	❌	✅	Y / Y	⭐️ 5 (178)
Harbor front apartment	$62,905	$201	83%	2	1	2	$80	❌	❌	❌	N / Y	⭐️ 5 (317)
The Best Location with parking & walkability!	$53,572	$232	60%	2	1	1	$175	❌	❌	✅	Y / Y	⭐️ 4.7 (123)
2 Bedrooms w/Loft & En-Suite Baths, Walk to Harbor	$80,494	$340	61%	2	2	2	$240	❌	❌	❌	Y / Y	⭐️ 5 (38)
Downtown Cottage	$121,529	$445	74%	2	2	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (78)
Newport Condo with Harbor View and Rooftop Deck!	$133,292	$585	60%	2	2	3	$200	❌	❌	❌	Y / Y	⭐️ 5 (38)
Open Concept w/ Fireplace, 5 min to Mansions	$64,342	$418	40%	2	3	30	$240	❌	❌	❌	Y / Y	⭐️ 4.5 (29)
Thames Street & Wharf Private Home with Parking	$106,344	$340	83%	2	1.5	2	$175	❌	❌	❌	Y / Y	⭐️ 5 (123)
Wharf Harbor Holiday in Downtown Newport	$107,888	$443	66%	2	2	2	$200	❌	❌	❌	Y / Y	⭐️ 5 (88)
Downtown Newport newly remodeled Home	$84,651	$433	53%	2	2	2	$200	❌	❌	❌	Y / Y	⭐️ 5 (96)
Luxury Accommodations	$196,474	$832	64%	2	2.5	2	$195	❌	❌	❌	Y / Y	⭐️ 5 (32)
2 Bedrooms w/Loft, Deck & Fireplace on Thames St	$130,250	$433	80%	2	2	2	$240	❌	❌	✅	Y / Y	⭐️ 5 (19)
Thames Guest House	$41,055	$189	57%	2	2	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (59)
Beautiful Downtown Apartment on Thames Street	$38,178	$171	61%	2	1	1	$0	❌	❌	✅	Y / Y	⭐️ 5 (204)
Sunny Side on Thames #3	$77,398	$281	75%	2	1	3	$185	❌	❌	❌	Y / Y	⭐️ 4.9 (11)
Downtown Newport Luxury on Thames	$47,814	$184	71%	2	1	1	$0	❌	❌	✅	Y / Y	⭐️ 5 (216)
'Lisa' downtown 2 bed	$36,711	$126	75%	2	2	2	$125	❌	❌	✅	Y / Y	⭐️ 4.8 (99)
Luxury Accommodations	$222,789	$826	73%	2	2.5	2	$195	❌	❌	❌	Y / Y	⭐️ 5 (69)
Atlantic Street Guesthouse	$59,733	$438	36%	2	1	1	$100	❌	❌	✅	Y / Y	⭐️ 5 (280)
Downtown Newport Penthouse on Thames	$39,118	$167	64%	2	1	1	$0	❌	❌	✅	Y / Y	⭐️ 5 (207)
NEW renovated 2-bedroom in-law suite off Thames	$53,458	$330	42%	2	1	1	$105	❌	❌	✅	N / Y	⭐️ 5 (58)
Carey Cottage	$65,358	$389	45%	2	1	2	$150	❌	❌	❌	N / Y	⭐️ 5 (29)
Summer Wind Cottage - Downtown	$118,350	$538	58%	2	2	3	$173	❌	❌	❌	Y / Y	⭐️ 5 (61)
Elegant Home, 7 Mins to Castle Hill & Ocean Cliff	$53,631	$290	46%	2	3.5	2	$240	❌	❌	❌	Y / Y	⭐️ 4.5 (54)
Newly Renovated 2BR/1BA \| Walk to Beach & Thames	$31,418	$148	58%	2	1	30	$225	❌	❌	✅	Y / Y	⭐️ 4 (4)
Irish American Inn - NEWPORT JAZZ - Free parking	$52,835	$593	24%	2	1	1	$125	❌	❌	❌	Y / Y	⭐️ 5 (89)
Irish American Inn - Cliff Walk - Free Parking	$48,326	$520	25%	2	1	1	$125	❌	❌	❌	Y / Y	⭐️ 5 (115)
NEW 2BA/1BA Off Thames \| Free Parking	$85,059	$299	75%	2	1	1	$150	❌	❌	❌	Y / Y	⭐️ 4.7 (71)
Sunny and Airy 2 BR apt in great location	$85,225	$400	58%	2	1	2	$100	❌	❌	❌	Y / Y	⭐️ 4.5 (41)
Irish American Inn - AMERICA'S CUP - Free Parking	$53,135	$617	23%	2	1	1	$125	❌	❌	❌	Y / Y	⭐️ 5 (93)
Luxury condo on Thames St 2bd/2bath-1S	$86,173	$781	30%	2	2	3	$175	❌	❌	❌	Y / Y	⭐️ 5 (15)
Inn-town location in the heart of Downtown Newport	$87,323	$292	81%	2	1	3	$95	❌	❌	❌	Y / Y	⭐️ 5 (188)
Perfectly Located Newport Loft	$67,034	$555	33%	2	1	5	$250	❌	❌	❌	Y / Y	⭐️ 4.6 (83)
Modern Beach Bungalow close to everything.	$23,837	$167	39%	2	1	30	$200	❌	❌	❌	Y / N	⭐️ 5 (7)
Corner Cove Cottage by STAY	$60,116	$219	75%	2	2	30	$275	❌	❌	❌	Y / Y	⭐️ 0 (1)
Coastal 2 bed with a view	$98,130	$269	99%	2	1	2	$110	❌	❌	❌	Y / Y	⭐️ 4.8 (76)

Return Metrics

35.59% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$31,701	$63,403	$95,105	$126,806	$158,508	$317,017	$951,052
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$3,536	$7,291	$11,277	$15,510	$20,003	$46,985	$288,000
Down Payment	$72,000	$72,000	$72,000	$72,000	$72,000	$72,000	$72,000
Property Appreciation	$10,800	$21,924	$33,381	$45,183	$57,338	$123,809	$513,814
Total Return	$118,038	$164,618	$211,764	$259,500	$307,850	$559,812	$1,824,866

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

35.59%

Cap Rate

15.55%

Return on Investment

51.69%

70 Carroll Ave Newport, Rhode Island, 02840

2 bed • 1 bath • 6 guests

Purchase Price

Est. $1,727/mo

Inquire about this property

Contact Agent

193

Airbnb Investor Score

$31,701

Annual Profit

15.6%

Cap Rate

35.6%

Cash on Cash

$80,076

Annual Revenue

BNBCalc predicts this property will get $378 per night with 58% occupancy, putting it in the top 48% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 63% of comparables

Avg Daily Rate

Top 44% of comparables

Seasonality

40 Airbnb Comparables

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

$78,142

Avg annual revenue

58%

Avg occupancy rate

$378

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

$90k

$155k

$225k

$31,702

Profit

Revenue

$80,076

Operating Expenses

$24,090

Operating Income

$55,986

Mortgage & Taxes

$24,284

Profit (Cash Flow)

$31,702

$89,050

Cash Investment

Down Payment

$72,000

Renos & Furnishing

$6,250

Closing Costs

$10,800

Total

$89,050

DSCR Ratio

Strong

2.31

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

35.59%

Cap Rate

15.55%

Return on Investment

51.69%

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

$17,086

Deductible property tax

$3,564

Your total deduction

$4,825

Your adjusted annual income

$150,000 - $4,825 = $145,175

Taxes on $145,175 (30%)

$43,552

Your old tax bill

$45,000

Your new tax bill

$43,552

Estimated tax savings

$1,448

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:

1962

Size:

708 sqft

Type:

CONDO

Parking:

Heating:

Natural Gas, Baseboard

Sold Comparables

Property Details

MLS Status: N/A

Property Use: CONDO

Stories: 1

Lot size: -

Building area: 708 sqft

Garage: No

Heating: Natural gas, baseboard

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: None

View: -

Parking: No Garage, Unassigned, Driveway

Amenities: Oven/Range, Refrigerator

Price per square foot: $508

Lot Info

Zoning: -

Land Use: -

Parcel Number: NEWPM040B0003L0709

Flood Zone: No

Tax Info

Year Assessed: 2024

Assessed Value: $286,400

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -

Schools

High School: Rogers High School with 3/10 star rating