BNBCalc Short Term Rental Investment Analysis 880 N Lake Shore Dr 3a, Chicago, IL, 60611

1 bed • 1 bath • 3 guests • $268,600

BNB

Calc

Annual Revenue

$78,107

Profit (Cash Flow)

$36,155

Cap Rate

20.2%

Annual Revenue

$78,107

AirDNA projects $240/night at 76% occupancy ($66,620). Airbtics projects $198/night at 73% occupancy ($52,792). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 91% occupancy rate, $235 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$27,448	$52,544	$80,001	$134,884
Occupancy	58%	81%	91%	94%
Nightly Rate	$125	$173	$235	$386

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
MAG MILE/Gold Coast Getaway (+Rooftop/Gym)	$57,444	$162	94%	1	1	2	$90	❌	❌	❌	Y / Y	⭐️ 5 (50)
Downtown Guild #4 \| Mag Mile, Gold Coast 1bd/1ba	$64,411	$192	88%	1	1	2	$95	❌	❌	❌	Y / Y	⭐️ 5 (128)
Downtown Guild #3 \| Mag Mile Gold Coast 1bd	$44,823	$143	80%	1	1	2	$95	❌	❌	❌	Y / Y	⭐️ 5 (130)
Elegant Suite in Gold Coast	$94,281	$280	92%	1	1.5	2	$0	❌	❌	✅	Y / Y	⭐️ 5 (130)
Studio flat in the heart of Chicago's Gold Coast	$62,862	$171	97%	1	1	2	$75	❌	❌	✅	Y / Y	⭐️ 4.5 (207)
Urban Oasis in Vibrant Gold Coast	$142,959	$465	84%	1	1.5	2	$0	❌	❌	✅	Y / Y	⭐️ 5 (72)
Nicely Equipped 1-Bedroom Apt near Shops	$21,241	$60	88%	1	1	1	$70	❌	❌	✅	Y / Y	⭐️ 4.7 (61)
Chic, renovated unit in Mag Mile - EF4	$32,912	$109	76%	1	1	1	$150	❌	❌	❌	Y / Y	⭐️ 5 (75)
Great Location!!-12	$23,075	$66	93%	1	1	1	$60	❌	❌	❌	Y / Y	⭐️ 5 (556)
1BR Charming Apartment in Great Location	$19,696	$56	88%	1	1	1	$70	❌	❌	✅	Y / Y	⭐️ 4.6 (76)
Kasa \| Elevate your Stay, Premium 1BD \| Chicago	$53,804	$267	53%	1	1	1	$81	❌	❌	✅	Y / Y	⭐️ 4.8 (312)
Lovely one bedroom condo River north	$37,108	$175	56%	1	1	32	$125	✅	❌	✅	Y / Y	⭐️ 4.3 (20)
Great Location Studio in the Gold Coast!!	$34,300	$99	93%	1	1	1	$60	❌	❌	❌	Y / Y	⭐️ 5 (422)
52nd Floor MagMile Penthouse VIEWS Fireplace Pool	$128,512	$386	90%	1	1	4	$85	✅	❌	❌	Y / Y	⭐️ 5 (42)
Lovely Spacious 1 bedroom Unit	$58,826	$222	70%	1	1	1	$65	❌	❌	❌	Y / Y	⭐️ 4.5 (52)
Studio Unit S7	$32,458	$110	79%	1	1	1	$50	❌	❌	❌	Y / Y	⭐️ 4.5 (39)
Great Location! Gold Coast! 07	$33,755	$95	95%	1	1	1	$60	❌	❌	❌	Y / Y	⭐️ 5 (612)
52nd Floor, VIEWS, Pool, Balcony, Pool, Gym	$123,103	$366	91%	1	1	4	$85	✅	❌	❌	Y / Y	⭐️ 5 (63)
51st Floor MagMile Penthouse Views Balcony Pool	$122,374	$386	86%	1	1	4	$85	✅	❌	❌	Y / Y	⭐️ 5 (34)
50th Floor Mag Mile VIEWS, Balcony, Pool, Gym	$119,449	$340	95%	1	1	4	$80	✅	❌	❌	Y / Y	⭐️ 5 (35)
Luxury Renovated Central in OldTown With Balcony	$54,200	$225	64%	1	1	1	$65	❌	❌	❌	Y / Y	⭐️ 5 (88)
52nd Floor MagMile Penthouse Views Fireplace Pool	$129,602	$386	91%	1	1	4	$85	✅	❌	❌	Y / Y	⭐️ 5 (44)
Charming Gold Coast One-Bedroom Near Downtown!	$28,596	$99	78%	1	1	1	$50	❌	❌	❌	Y / Y	⭐️ 4.9 (168)
1BR Apartment with Spacious Living Area	$19,877	$58	84%	1	1	1	$70	❌	❌	✅	Y / Y	⭐️ 4.8 (40)
1BR Upscale Apartment in Perfect Location	$22,725	$59	95%	1	1	1	$70	❌	❌	✅	Y / Y	⭐️ 4.8 (39)
1 bedroom in the heart of downtown Chicago.	$34,211	$154	59%	1	1	32	$160	✅	❌	❌	Y / Y	⭐️ 4.5 (33)
Lux Gold Coast Condo \|Rooftop Pool, Gym, Workspace	$59,331	$170	91%	1	1	2	$100	✅	❌	❌	Y / Y	⭐️ 4.8 (123)
Oldtown Stylish cute studio	$43,882	$140	83%	1	1	1	$50	❌	❌	❌	Y / Y	⭐️ 5 (23)
Gold Coast Luxury Condo w/ Rooftop Pool	$58,579	$221	70%	1	1	2	$60	✅	❌	❌	Y / Y	⭐️ 4.8 (31)
Excellent Location Near Michigan Ave Free Gym	$28,163	$135	57%	1	1	31	$120	❌	❌	✅	Y / Y	⭐️ 5 (5)
Experience Chicago! Full Kitchen, Free Breakfast!	$30,832	$216	39%	1	1	1	$0	❌	❌	✅	Y / Y	⭐️ 4.5 (5)
1BR High Floor + Private Terrace in River North!	$21,268	$149	39%	1	1	32	$165	✅	❌	✅	Y / Y	⭐️ 0 (1)
Downtown Riverwalk Music Inspired Loft	$52,365	$203	67%	1	2	1	$95	❌	❌	✅	Y / Y	⭐️ 4.8 (42)
Elegant Urban Retreat in Historic Old Town Chicago	$32,431	$199	44%	1	1	32	$49	❌	❌	❌	Y / Y	⭐️ 4.8 (12)
Prime and Best Location next to Michigan Ave	$35,305	$182	53%	1	1	32	$120	❌	❌	✅	Y / Y	⭐️ 4.9 (16)
Guest 2 Queen Room at Aloft Chicago Mag Mile	$25,883	$136	52%	1	1	1	$0	✅	❌	✅	N / Y	⭐️ 4.8 (239)
Cozy Downtown Condo \| Rooftop Pool, Gym, Workspace	$61,124	$195	82%	1	1	2	$100	✅	❌	❌	Y / Y	⭐️ 4.8 (137)
Spacious Chicago Condo w/Rooftop Pool, Gym, Views	$36,894	$130	73%	1	1	2	$60	✅	❌	❌	Y / Y	⭐️ 4.8 (130)

Return Metrics

54.75% 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)	$36,154	$72,309	$108,463	$144,618	$180,772	$361,545	$1,084,636
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$214,880	$214,880	$214,880	$214,880	$214,880	$214,880	$214,880
Down Payment	$53,720	$53,720	$53,720	$53,720	$53,720	$53,720	$53,720
Property Appreciation	$8,058	$16,357	$24,906	$33,711	$42,781	$92,375	$383,362
Total Return	$312,812	$357,266	$401,970	$446,929	$492,153	$722,521	$1,736,599

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

54.75%

Cap Rate

20.2%

Return on Investment

70.95%

880 N Lake Shore Dr Chicago, Illinois, 60611

1 bed • 1 bath • 3 guests

Purchase Price

Est. $1,288/mo

Inquire about this property

Contact Agent

$268,600

Zestimate

Chicago

Guide

Zoning

Market

Guide

Laws

Market Data

286

Airbnb Investor Score

$36,154

Annual Profit

20.2%

Cap Rate

54.8%

Cash on Cash

$78,107

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $240/night at 76% occupancy.Projected nightly rate is $198/night at 73% occupancy.

Occupancy Rate

Top 26% of comparables

Avg Daily Rate

Top 26% of comparables

Seasonality

40 Airbnb Comparables

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

$53,619

Avg annual revenue

73%

Avg occupancy rate

$198

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

$60k

$100k

$145k

$36,155

Profit

Revenue

$78,107

Operating Expenses

$23,834

Operating Income

$54,273

Mortgage & Taxes

$18,119

Profit (Cash Flow)

$36,155

$66,028

Cash Investment

Down Payment

$53,720

Renos & Furnishing

$4,250

Closing Costs

$8,058

Total

$66,028

DSCR Ratio

Strong

3.00

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

54.75%

Cap Rate

20.2%

Return on Investment

70.95%

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

$12,748

Deductible property tax

$2,659

Your total deduction

-$8,958

Your adjusted annual income

$150,000 - -$8,958 = $158,958

Taxes on $158,958 (30%)

$47,687

Your old tax bill

$45,000

Your new tax bill

$47,687

Estimated tax savings

-$2,687

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:

1951

Size:

819 sqft

Type:

CONDO

Parking:

Heating:

Radiant

Sold Comparables

Property Details

MLS Status: N/A

Property Use: CONDO

Stories: -

Lot size: -

Building area: 819 sqft

Garage: Yes

Heating: Radiant

Pool: No

Fireplaces: -

Basement: Yes

Cooling: Wall Unit(s)

View: Water

Parking: Garage - Attached

Amenities: -

Price per square foot: $327

Lot Info

Zoning: -

Land Use: -

Parcel Number: 17032220150000

Flood Zone: No

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $268,600

Schools

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