BNBCalc Short Term Rental Investment Analysis 9 127th St # 303 Ocean City MD 21842

3 bed • 2 bath • 9 guests • $389,100

BNB

Calc

Annual Revenue

$78,834

Profit (Cash Flow)

$29,258

Cap Rate

14.3%

Annual Revenue

$78,834

AirDNA projects $229/night at 47% occupancy ($39,311). Airbtics projects $304/night at 71% occupancy ($78,834). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 71% occupancy rate, $304 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$62,789	$76,688	$94,163	$128,873
Occupancy	62%	68%	82%	95%
Nightly Rate	$256	$315	$328	$370

Return Metrics

29.85% 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)	$29,258	$58,516	$87,775	$117,033	$146,291	$292,583	$877,750
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$311,280	$311,280	$311,280	$311,280	$311,280	$311,280	$311,280
Down Payment	$77,820	$77,820	$77,820	$77,820	$77,820	$77,820	$77,820
Property Appreciation	$11,673	$23,696	$36,080	$48,835	$61,973	$133,817	$555,347
Total Return	$430,031	$471,312	$512,955	$554,968	$597,365	$815,501	$1,822,198

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

29.85%

Cap Rate

14.26%

Return on Investment

45.67%

9 127th St # 303 Ocean City MD 21842 Ocean City, MD, 21842

3 bed • 2 bath • 9 guests

Purchase Price

Est. $1,866/mo

This property is for sale!

Contact Agent

$78,834

Annual Revenue

This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $229/night at 47% occupancy.Projected nightly rate is $304/night at 71% occupancy.

Occupancy Rate

Top 41% of comparables

Avg Daily Rate

Top 51% of comparables

$29,258

Profit

Revenue

$78,834

Operating Expenses

$23,328

Operating Income

$55,506

Mortgage & Taxes

$26,247

Profit (Cash Flow)

$29,258

$97,993

Cash Investment

Down Payment

$77,820

Renos & Furnishing

$8,500

Closing Costs

$11,673

Total

$97,993

DSCR Ratio

Strong

2.11

<0>Get a pre-qualification letter</0>

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

29.85%

Cap Rate

14.26%

Return on Investment

45.67%

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

$18,467

Deductible property tax

$3,852

Your total deduction

-$1,674

Your adjusted annual income

$150,000 - -$1,674 = $151,674

Taxes on $151,674 (30%)

$45,502

Your old tax bill

$45,000

Your new tax bill

$45,502

Estimated tax savings

-$502

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:

1975

Size:

890 sqft

Type:

CONDO

Parking:

Heating:

ELECTRIC

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Year Built	Last Sale	Days on Market
13504 Wight St # 4	3	3	1,780	-	1983	$0	-
12604 Coastal Hwy Unit 202	2	1	838	-	1971	$366,000	123
4 129th St Unit 2	-	2	864	-	1977	$275,000	-
13110 Coastal Hwy Unit 212	2	2	908	-	1973	$450,000	28
8 134th St Unit 105	2	2	897	-	1981	$430,000	63
10 135th St Unit 202	2	2	924	-	1973	$383,500	76
13400 Coastal Hwy Unit 702s	3	2	1,305	-	1974	$499,900	34
111 Jamestown Rd # B4	-	2	912	-	1972	$305,000	-
105 Jamestown Rd # B1	-	2	912	-	1972	$382,500	-
12305 Wight St Unit 205	-	1	392	-	1975	$220,500	-

Property Details

MLS Status: Active

Property Use: Condominium

Stories: 0

Lot size: -

Building area: 890 sqft

Garage: No

Heating: Electric

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: R-3

Land Use: Residential

Parcel Number: 10-153735

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2023

Assessed Value: $228,700

County Est. Land Value: $114,300

Assessed Land Value: $114,300

County Est. Structure Value: $114,400

Market Estimate: $499,789

Sale history

Date	Sale Price	% Financed	Buyer
05/06/19	$239,900	80%	Gregory B Milburn
Invalid Date	$240,000	80%	Thomas G Mcdaniel, Mary E Mcdaniel

Ownership

Name: Gregory B Milburn

Owner Occupied: No

Owner Mailing Address: 3239 Henson Ave, Annapolis, Md 21403

Years Owned: 56

Home Equity: $205,400

Mortgage Balance Remaining: $190,000

Financed amount: 80%

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No