BNBCalc Short Term Rental Investment Analysis 720 3rd Ave Ne 324, Minneapolis, MN 55413

2 bed • 1 bath • 6 guests • $195,000

BNB

Calc

Annual Revenue

$44,103

Profit (Cash Flow)

$11,536

Cap Rate

12.7%

Annual Revenue

$44,103

AirDNA projects $139/night at 79% occupancy ($40,107). Airbtics projects $175/night at 69% occupancy ($44,103). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 69% occupancy rate, $175 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$26,303	$42,938	$55,649	$111,028
Occupancy	60%	74%	80%	86%
Nightly Rate	$116	$153	$183	$344

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Rustic Modern Historic Loft w/ 2BR in North Loop	$49,033	$160	80%	2	2	1	$100	❌	❌	❌	Y / Y	⭐️ 4.8 (97)
Luxe Warehouse in the North Loop Minneapolis 2/2	$37,833	$181	56%	2	2	1	$75	✅	❌	✅	Y / Y	⭐️ 4.9 (80)
MINNeSTAY* Sable 901 Penthouse \| Private Balcony	$76,346	$464	44%	2	2	1	$149	❌	❌	❌	Y / Y	⭐️ 4.8 (56)
MINNeSTAY* Sable 705 - Two Bedroom \| Skyline View	$58,934	$196	79%	2	2	1	$129	❌	❌	❌	Y / Y	⭐️ 4.8 (84)
MINNeSTAY* Sable 805 Two Bedroom \| Private Balcony	$54,928	$205	69%	2	2	1	$129	❌	❌	❌	Y / Y	⭐️ 4.8 (75)
Sonder at Sora \| Two-Bedroom Apartment w/ Balcony	$54,768	$172	87%	2	2	1	$0	❌	❌	❌	Y / Y	⭐️ 4.7 (86)
Sonder at East End \| Superior 2BR w/ Balcony	$45,238	$206	60%	2	2	1	$0	✅	❌	❌	Y / Y	⭐️ 4.8 (138)
Posh 2 BR Apartment in the Heart of The North Loop	$46,245	$190	66%	2	2	2	$60	❌	❌	✅	Y / Y	⭐️ 4.8 (166)
Sonder at Second & Second \| Two-Bedroom w/ Balcony	$78,119	$464	46%	2	2	1	$0	❌	❌	❌	Y / Y	⭐️ 4.7 (320)
A Place You'll Surely Enjoy! 2 Relaxing Units	$64,398	$391	45%	2	2	1	$0	❌	❌	✅	N / Y	⭐️ 0 (0)
Hygge Hideaway w Hot Tub in NE	$82,062	$339	64%	2	2	3	$180	❌	✅	✅	Y / Y	⭐️ 5 (28)
2BR DT - Amazing View from Balcony!	$48,878	$142	90%	2	2	1	$75	✅	❌	❌	Y / Y	⭐️ 4.8 (53)
Fall Sale: Updated bungalow near U of M & downtown	$42,563	$118	98%	2	2	4	$59	❌	❌	✅	Y / Y	⭐️ 4.9 (45)
Favorite Fresh NE Minneapolis UofM Downtown Arts	$47,140	$168	74%	2	1	2	$125	❌	❌	✅	Y / Y	⭐️ 5 (89)
"Boho Bungalow" Minneapolis by Roxy Rentals	$44,128	$154	74%	2	1	2	$200	❌	❌	✅	Y / Y	⭐️ 5 (112)
The Treehouse	$40,250	$152	72%	2	1	3	$25	❌	❌	❌	Y / Y	⭐️ 4.8 (45)
Eat, pray and fall in love with Northeast Mpls.	$43,405	$210	56%	2	1	3	$150	❌	❌	✅	Y / Y	⭐️ 5 (54)
Modern Hotel Style- Sleeps 6 #A301	$18,116	$68	68%	2	1	1	$55	❌	❌	❌	Y / Y	⭐️ 4.8 (362)
BrewhausNE;Hot-tub,pond,pizza oven, great location	$40,533	$129	83%	2	1	1	$65	✅	✅	❌	Y / Y	⭐️ 4.8 (485)
2 bedroom apartment in hip northeast Minneapolis	$24,430	$84	75%	2	1	2	$90	❌	❌	❌	Y / Y	⭐️ 4.9 (111)
AC \| YoutubeTV \| 100+ mbps \| 10m to UofM, Trgt Fld	$32,346	$98	85%	2	1	3	$100	❌	❌	❌	Y / Y	⭐️ 5 (218)
Old world charm meets modern swag in unique duplex	$43,313	$161	71%	2	1	1	$75	❌	❌	❌	Y / Y	⭐️ 5 (145)
Spacious Warehouse Loft in Trendy North Loop 2BR	$43,584	$140	79%	2	1	1	$150	❌	❌	❌	Y / Y	⭐️ 4.9 (91)
Remodeled charmer in Northeast MPLS Arts District	$39,959	$124	82%	2	1	2	$90	❌	❌	✅	Y / Y	⭐️ 4.9 (316)
A Historical Home to Stay for Sports & Recreation	$13,419	$90	31%	2	1	2	$95	❌	❌	❌	Y / Y	⭐️ 4.4 (24)
Cozy Northeast Gem: NE Minneapolis	$23,091	$76	75%	2	1	2	$170	❌	❌	❌	N / Y	⭐️ 4.7 (35)
Fresh and Vibrant☆Bikes☆Spa Shower+Free Parking	$26,290	$140	45%	2	1	1	$69	❌	❌	✅	Y / Y	⭐️ 4.7 (115)
☆One of a Kind Near River/DT☆Spa Shower, Bikes+Pkg	$27,774	$148	46%	2	1	1	$69	❌	❌	✅	Y / Y	⭐️ 4.5 (133)
Rustic Luxe 2/1 in the North Loop Minneapolis	$52,162	$181	78%	2	1	1	$75	❌	❌	✅	Y / Y	⭐️ 4.9 (118)
Probably the best place ever?	$57,628	$180	85%	2	1	1	$44	❌	✅	✅	Y / Y	⭐️ 5 (629)
Luxury apartment near downtown	$48,802	$163	78%	2	1	2	$90	❌	❌	✅	Y / Y	⭐️ 4.9 (235)
Charming NE Home Near the Best Coffee, Food & Art!	$33,733	$104	86%	2	1	2	$75	❌	❌	❌	Y / Y	⭐️ 4.9 (380)
The Nordeaster / 1BR+Den in NE Arts District	$23,898	$105	60%	2	1	2	$40	❌	❌	❌	Y / Y	⭐️ 5 (50)
"A Classic Row-House in Downtown Minneapolis"	$31,968	$112	77%	2	1	2	$60	❌	❌	❌	Y / Y	⭐️ 5 (293)
Sunny, Spacious Minneapolis Getaway!	$45,813	$143	83%	2	2	1	$75	✅	❌	❌	Y / Y	⭐️ 4.9 (71)
Sun-filled Retro Haven: NE Minneapolis	$39,704	$163	63%	2	1	2	$160	❌	❌	✅	N / Y	⭐️ 4.6 (21)
Mpls ♥︎Exposed Brick Classic & Cool♥︎ - 2Bdr 2Bath	$21,342	$87	66%	2	1	2	$50	❌	❌	❌	Y / Y	⭐️ 4.6 (129)
Hidden Gem: Walkable 2BR w/Pool, Gym & Balcony!	$50,601	$152	87%	2	2	1	$75	✅	❌	❌	Y / Y	⭐️ 4.8 (46)
The Roosevelt	$24,433	$79	75%	2	1	2	$125	❌	❌	✅	Y / Y	⭐️ 5 (54)

Return Metrics

22.57% 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)	$11,535	$23,071	$34,607	$46,142	$57,678	$115,357	$346,071
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$156,000	$156,000	$156,000	$156,000	$156,000	$156,000	$156,000
Down Payment	$39,000	$39,000	$39,000	$39,000	$39,000	$39,000	$39,000
Property Appreciation	$5,850	$11,875	$18,081	$24,474	$31,058	$67,063	$278,316
Total Return	$212,385	$229,946	$247,688	$265,617	$283,736	$377,420	$819,387

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

22.57%

Cap Rate

12.66%

Return on Investment

37.77%

720 3rd Ave Ne 324 Minneapolis, MN, 55413

2 bed • 1 bath • 6 guests

Purchase Price

Est. $935/mo

This property is for sale!

Contact Agent

132

Airbnb Investor Score

$11,535

Annual Profit

12.7%

Cap Rate

22.6%

Cash on Cash

$44,103

Annual Revenue

This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $139/night at 79% occupancy.Projected nightly rate is $175/night at 69% occupancy.

Occupancy Rate

Top 58% of comparables

Avg Daily Rate

Top 33% of comparables

Seasonality

40 Airbnb Comparables

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

$42,893

Avg annual revenue

69%

Avg occupancy rate

$175

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

$10k

$35k

$60k

$85k

$11,536

Profit

Revenue

$44,103

Operating Expenses

$19,413

Operating Income

$24,690

Mortgage & Taxes

$13,154

Profit (Cash Flow)

$11,536

$51,100

Cash Investment

Down Payment

$39,000

Renos & Furnishing

$6,250

Closing Costs

$5,850

Total

$51,100

DSCR Ratio

Strong

1.88

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

22.57%

Cap Rate

12.66%

Return on Investment

37.77%

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

$9,255

Deductible property tax

$1,930

Your total deduction

$8,645

Your adjusted annual income

$150,000 - $8,645 = $141,355

Taxes on $141,355 (30%)

$42,406

Your old tax bill

$45,000

Your new tax bill

$42,406

Estimated tax savings

$2,594

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: -