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BNBCalc Short Term Rental Investment Analysis 700 Mooring Rd # B1 Ocean City MD 21842

2 bed • 2 bath • 6 guests • $349,100

BNB

Calc

Report by:

brettamdor@email.com

Annual Revenue

$24,362

Profit (Cash Flow)

$17,251

Cap Rate

5.4%

Annual Revenue

$24,362

AirDNA projects $179/night at 58% occupancy ($37,919). Airbtics projects $266/night at 56% occupancy ($54,406). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 57.99999999999999% occupancy rate, $115 rate per night.

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

Percentiles25%50%75%90%
Revenue$42,196$52,170$73,191$90,176
Occupancy47%56%60%69%
Nightly Rate$236$244$321$346

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
Beautiful Bayside Waterfront Townhouse
$55,437
$246
58%
232$125❌❌✅Y / Y⭐️ 5 (23)
2BR Bayview | Dock | Pool | Balcony | W/D
$18,996
$173
30%
213$0✅❌❌Y / Y⭐️ 4.5 (15)
Lucy’s Bayside Paradise
$45,328
$209
55%
222$130❌❌❌Y / Y⭐️ 4.8 (85)
94th Bayside Condo
$43,093
$258
44%
222$70❌❌❌Y / Y⭐️ 4.9 (86)
Canalfront 2 Bed/2 Bath-Pvt Balcony-Sleeps 4-WiFi
$87,028
$343
67%
222$135❌❌❌Y / Y⭐️ 4.9 (23)
Canalfront 2 Bedroom, Sleeps 6, Balcony, Boat Slip
$61,212
$342
46%
222$135❌❌❌Y / Y⭐️ 5 (45)
Awesome 2-Bedroom townhome Bayside 94th St OCMD
$128,454
$374
91%
233$150❌❌✅Y / Y⭐️ 5 (19)
Quaint North Ocean City Condo on the bay with pool
$53,537
$235
59%
224$120✅❌❌Y / Y⭐️ 5 (29)
OC condo! Couple blocks away from the beach!
$47,788
$242
50%
222$130❌❌❌Y / Y⭐️ 5 (47)
Bayside Paradise. paddle boards, kayaks and more
$57,068
$243
61%
222$100❌❌❌Y / Y⭐️ 4.8 (18)

Return Metrics

4.79% cash on cash return is a fair return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$17,251$34,502$51,753$69,004$86,255$172,511$517,535
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$0$0$0$0$0$0$0
Down Payment$349,100$349,100$349,100$349,100$349,100$349,100$349,100
Property Appreciation$10,473$21,260$32,370$43,815$55,602$120,061$498,257
Total Return$376,824$404,862$433,224$461,919$490,958$641,673$1,364,892

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

4.79%

Cap Rate

5.43%

Return on Investment

7.71%

property-location

700 Mooring Rd # B1 Ocean City MD 21842 Ocean City, MD, 21842

2 bed • 2 bath • 6 guests

Est. $1,674/mo

Agent

This property is for sale!

Contact Agent

$24,362

Annual Revenue

BNBCalc predicts this property will get $266 per night with 56% occupancy, putting it in the top 46% revenue percentile compared to similar properties nearby.

Top 41% of comparables

Top 91% of comparables


Seasonality

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10

Airbnb Comparables

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

$59,794

Avg annual revenue

56%

Avg occupancy rate

$266

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

$55k

$90k

$130k

Sign up to see the data on 10 all comparables

$17,251

Profit

Revenue

$24,362

Operating Expenses

$5,400

Operating Income

$18,962

Mortgage & Taxes

$1,711

Profit (Cash Flow)

$17,251

$359,573

Cash Investment

Down Payment

$349,100

Renos & Furnishing

$0

Closing Costs

$10,473

Total

$359,573

DSCR Ratio

Strong

11.08

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

4.79%

Cap Rate

5.43%

Profit (Cummulative)

$17,251

$0

$0

$10,473

$0

Total Gain

$27,724

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

$1,711

Your total deduction

$9,970

Your adjusted annual income

$150,000 - $9,970 = $140,030


Taxes on $140,030 (30%)

$42,009

Your old tax bill

$45,000

Your new tax bill

$42,009


Estimated tax savings

$2,991

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:

1984

Size:

1,000 sqft

Type:

CONDO

Parking:

-

Heating:

FORCED AIR

Sold Comparables


Property Details

  • MLS Status: Active
  • Property Use: Condominium
  • Stories: 0
  • Lot size: -
  • Building area: 1,000 sqft
  • Garage: No
  • Heating: Forced air
  • Pool: No
  • Fireplaces: 0
  • Basement: Yes
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: R-2
  • Land Use: Residential
  • Parcel Number: 10-252857
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $114,000
  • County Est. Land Value: $57,000
  • Assessed Land Value: $57,000
  • County Est. Structure Value: $57,000
  • Market Estimate: $349,318


Sale history

DateSale Price% FinancedBuyer
09/26/22$247,000110%Omid Land Group Llc
Invalid Date$72,0000%Regina Osborn

Ownership

  • Name: Omid Land Group Llc
  • Owner Occupied: No
  • Owner Mailing Address: 12020 Georgia Ave # H, Silver Spring, Md 20902
  • Years Owned: 19
  • Home Equity: -
  • Mortgage Balance Remaining: $438,000
  • Financed amount: -
  • Owner Type: Investor
  • Lien: No
  • Inherited: No
  • Foreclosure: No