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BNBCalc Short Term Rental Investment Analysis 720 W Randolph St 907, Chicago, IL, 60661

2 bed • 2 bath • 6 guests • $700,000

BNB

Calc

Annual Revenue

$79,769

Profit (Cash Flow)

$8,499

Cap Rate

8.0%

Annual Revenue

$79,769

AirDNA projects $345/night at 98% occupancy ($123,488). Airbtics projects $336/night at 65% occupancy ($79,769). Airbtics predicts this property will perform in the 49% revenue percentile

BNB Calc projects a 65% occupancy rate, $336 rate per night.

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

Percentiles25%50%75%90%
Revenue$42,893$76,275$116,866$157,251
Occupancy58%65%71%85%
Nightly Rate$198$314$442$497

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
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61%
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$218
92%
222$149❌❌✅Y / Y⭐️ 5 (212)
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$193,335
$852
62%
222$0✅❌❌Y / Y⭐️ 5 (68)
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$58,635
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83%
225$100❌❌❌Y / Y⭐️ 5 (27)
Fantastic West Loop 2 bedroom
$75,959
$289
70%
224$250❌❌❌Y / Y⭐️ 5 (35)
Fulton House #1 (2bd/ 1ba)
$84,556
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71%
213$99❌❌❌Y / Y⭐️ 5 (71)
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$58,776
$217
72%
212$75❌❌❌Y / Y⭐️ 5 (391)
Comfy River West Apt with Free Parking
$50,437
$205
65%
212$75❌❌❌Y / Y⭐️ 5 (218)
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$69,613
$317
60%
222$0✅✅✅Y / Y⭐️ 5 (74)
Elizabeth | Chic Artists Loft | West Loop
$67,233
$196
91%
21.51$149❌❌❌N / Y⭐️ 5 (214)
Enjoy Vibrant area without tourist crowd|TheVeruca
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$465
54%
222$0❌❌✅Y / Y⭐️ 5 (32)
Clean & Best Location 2BR+2BA | Mapletree Suites
$50,248
$187
71%
222$110❌❌❌Y / Y⭐️ 5 (90)
Perfect Spot & Spacious 2BR+2BA | Mapletree Suites
$51,396
$187
73%
222$110❌❌❌Y / Y⭐️ 5 (109)
Wow! Movie-Worthy Apartment. See Why|The Kroc
$129,717
$537
66%
222$0✅❌✅Y / Y⭐️ 5 (31)
Unwind in the Garden of an elegant, Modern Home
$39,556
$151
71%
212$79❌❌✅Y / Y⭐️ 5 (332)
Large Chic 2BD/2BA Condo - Free Parking!
$68,965
$199
94%
222$100❌❌✅Y / Y⭐️ 4.5 (109)
Location! Close to Fulton Mkt & Downtown 2 bedroom
$51,368
$239
56%
212$99❌❌❌Y / Y⭐️ 5 (220)
Private rooftop | Breathtaking skyline view
$115,188
$442
69%
221$197✅❌❌Y / Y⭐️ 5 (23)
Location! Noble Square near Fulton Mkt & downtown
$41,112
$205
52%
211$99❌❌❌Y / Y⭐️ 5 (252)
★★★Charming 2BR near downtown, +FREE parking★★★
$29,997
$108
69%
213$135❌❌✅Y / Y⭐️ 5 (201)
Guests Rave about This Apt Design.See Why |TheDeco
$101,235
$461
60%
222$0✅❌✅Y / Y⭐️ 4.5 (23)
Most Stylish Apartments You’ll Ever Stay In|TheNeo
$101,917
$442
63%
222$0✅❌✅Y / Y⭐️ 5 (9)
Balance Work, Play & Rest @WestLoop |TheFlame
$87,877
$343
70%
222$0❌❌✅Y / Y⭐️ 5 (29)
✨Spacious Centrally Located West Loop Loft✨
$62,262
$182
92%
224$120❌❌✅Y / Y⭐️ 5 (250)
Sun-Soaked West Loop Penthouse - Private Rooftop
$132,527
$800
45%
232$150❌❌✅Y / Y⭐️ 5 (52)
Sophisticated River West 2 Bedroom - Near the L
$35,445
$138
65%
221$127❌❌❌Y / Y⭐️ 5 (310)
"The Annex II" Huge 1,600 Sq foot Apartment
$70,739
$325
59%
212$140❌❌❌Y / Y⭐️ 5 (136)
Hey! Peace Seekers: Luxury and Quiet Here|The Oak
$91,650
$491
51%
222$0❌❌✅Y / Y⭐️ 4.5 (19)
Best Group/Family Amenities in Downtown|The Cooke
$101,225
$439
63%
222$0✅❌✅Y / Y⭐️ 5 (49)
Stay in a Renovated Heritage Landmark|TheJones
$103,564
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72%
222$0✅❌✅Y / Y⭐️ 5 (38)
Families Love Our Amenities|10Min to MillenniumPar
$151,158
$700
59%
222$0✅❌✅Y / Y⭐️ 5 (39)
Trendy & Luxe 2BR/2BA - West Town near 'L' & Dtwn
$30,134
$128
62%
222$165❌❌✅Y / Y⭐️ 5 (41)
Most Relaxing Sleep & Breathtaking Views |TheTerra
$62,605
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222$0❌❌✅Y / Y⭐️ 4.5 (18)
New 2 bed 2 bath Private Balcony with Skyline View
$38,033
$130
78%
222$75✅❌✅Y / Y⭐️ 5 (39)
RenovatedBuilding w/Top Amenities@Downtown|TheFord
$101,045
$493
56%
222$0✅❌✅Y / Y⭐️ 5 (46)
Fulton Market Industrial Modern Designer Loft
$60,249
$356
46%
21.532$100❌❌✅Y / Y⭐️ 5 (120)
Why Guests Call This Chicago’s Best Spot|TheViolet
$75,103
$360
57%
222$0✅❌❌Y / Y⭐️ 5 (17)
Unbeatable Views,Group Amenities&Location|TheLily
$116,973
$376
85%
222$0✅❌❌Y / Y⭐️ 4.5 (27)
Stay Once&Never Book Elsewhere in Chicago|TheLotus
$71,850
$293
67%
222$0✅❌❌Y / Y⭐️ 5 (25)
Level Two Bedroom Suite | Fulton Market
$41,724
$456
25%
221$0✅✅✅Y / Y⭐️ 5 (25)

Return Metrics

5.07% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$8,499$16,998$25,498$33,997$42,497$84,994$254,984
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$560,000$560,000$560,000$560,000$560,000$560,000$560,000
Down Payment$140,000$140,000$140,000$140,000$140,000$140,000$140,000
Property Appreciation$21,000$42,630$64,908$87,856$111,491$240,741$999,083
Total Return$729,499$759,628$790,407$821,854$853,989$1,025,736$1,954,068

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

5.07%

Cap Rate

7.95%

Return on Investment

21.71%

property-location

720 W Randolph St Chicago, Illinois, 60661

2 bed • 2 bath • 6 guests

Est. $3,357/mo

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Zoning

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Laws


Market Data

42

Airbnb Investor Score

$8,499

Annual Profit

8.0%

Cap Rate

5.1%

Cash on Cash

$79,769

Annual Revenue

BNBCalc predicts this property will get $336 per night with 65% occupancy, putting it in the top 49% revenue percentile compared to similar properties nearby.

Top 51% of comparables

Top 41% 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.

$77,772

Avg annual revenue

65%

Avg occupancy rate

$336

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

$30k

$85k

$135k

$195k

Sign up to see the data on 40 all comparables

$8,499

Profit

Revenue

$79,769

Operating Expenses

$24,050

Operating Income

$55,719

Mortgage & Taxes

$47,220

Profit (Cash Flow)

$8,499

$167,500

Cash Investment

Down Payment

$140,000

Renos & Furnishing

$6,500

Closing Costs

$21,000

Total

$167,500

DSCR Ratio

Acceptable

1.18

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

5.07%

Cap Rate

7.95%

Profit (Cummulative)

$8,499

$560,000

$6,500

$21,000

$0

Total Gain

$36,376

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

$33,223

Deductible property tax

$6,930

Your total deduction

$61,745

Your adjusted annual income

$150,000 - $61,745 = $88,255


Taxes on $88,255 (30%)

$26,476

Your old tax bill

$45,000

Your new tax bill

$26,476


Estimated tax savings

$18,524

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:

2003

Size:

1,500 sqft

Type:

CONDO

Parking:

1

Heating:

Natural Gas

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: CONDO
  • Stories: -
  • Lot size: -
  • Building area: 1,500 sqft
  • Garage: Yes
  • Heating: Natural gas
  • Pool: No
  • Fireplaces: 1
  • Basement: Yes
  • Cooling: Central Air
  • View: -
  • Parking: Garage - Attached
  • Amenities: Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer
  • Price per square foot: $466

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 17093190271039
  • Flood Zone: No

Tax Info

  • Year Assessed: 2022
  • Assessed Value: $522,050
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: -


Schools

  • High School: Wells Community Academy High School with 1/10 star rating