BNBCalc Short Term Rental Investment Analysis 940 Monroe Ave Nw

2 bed • 1 bath • 6 guests • $322,500

BNB

Calc

Annual Revenue

$26,970

Profit (Cash Flow)

-$11,971

Cap Rate

3.0%

Annual Revenue

$26,970

AirDNA projects $104/night at 71% occupancy ($26,969). Airbtics projects $187/night at 65% occupancy ($44,395). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 71% occupancy rate, $104 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$24,975	$42,462	$74,457	$98,906
Occupancy	55%	68%	81%	85%
Nightly Rate	$122	$167	$246	$310

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Modern sparkling clean gem in Heritage Hill	$99,078	$317	84%	2	2	2	$95	❌	❌	❌	Y / Y	⭐️ 5 (93)
Bridge Street Fun at the Westside Charmer!	$46,356	$168	71%	2	2	1	$90	❌	❌	✅	Y / Y	⭐️ 5 (93)
New Historic High Ceiling Condo - Heart of Cherry	$66,412	$275	65%	2	2	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (89)
Unique historic 1400 sqft condo	$29,842	$310	25%	2	2	2	$185	❌	❌	✅	N / Y	⭐️ 4.8 (114)
Luxurious King bed Downtown next to medical mile	$32,445	$211	40%	2	2	1	$100	❌	❌	❌	Y / Y	⭐️ 4.8 (69)
Modern Apartment \| Downtown Grand Rapids	$27,460	$85	82%	2	1	1	$65	❌	❌	❌	Y / Y	⭐️ 4.8 (154)
Downtown Haven Urban Loft Living	$34,476	$156	58%	2	1	1	$68	❌	❌	❌	Y / Y	⭐️ 4.8 (119)
Park City View 2-Bedroom Loft in Grand Rapids	$58,145	$215	71%	2	1	1	$65	❌	❌	❌	Y / Y	⭐️ 4.8 (193)
Downtown Bungalow - 2 Blocks from Bridge St!	$35,338	$166	54%	2	1	7	$110	❌	❌	✅	Y / Y	⭐️ 4.8 (56)
Farmhouse Retreat	$32,569	$129	65%	2	1	2	$75	❌	❌	✅	Y / Y	⭐️ 5 (65)
★★Walk to Downtown Attractions. Gourmet Kitchen★★	$30,904	$118	66%	2	1	2	$150	❌	❌	✅	Y / Y	⭐️ 4.9 (305)
Walk everywhere: Condo w garage, laundry, balcony	$27,803	$94	70%	2	1	1	$120	❌	❌	✅	Y / Y	⭐️ 4.8 (424)
The Cherry Hill Modern Farmhouse	$27,792	$225	32%	2	1	1	$120	❌	❌	❌	N / Y	⭐️ 5 (133)
Clean and Bright Beer City - Walk Restaurants/Bars	$46,776	$159	79%	2	1	2	$50	❌	❌	❌	N / Y	⭐️ 4.9 (599)
Live like a local - Fresh & Bright - Walk Score	$46,389	$155	80%	2	1	1	$50	❌	❌	❌	Y / Y	⭐️ 4.8 (753)
Relaxing and Spacious 2 BD apt - 5 mins from DT GR	$24,278	$100	59%	2	1	1	$75	❌	❌	❌	Y / Y	⭐️ 4.8 (190)
Iconic Historic Fire Station	$53,058	$391	36%	2	2	3	$150	❌	❌	❌	Y / Y	⭐️ 5 (14)
Cheers Vacation home	$28,690	$107	71%	2	1	1	$40	❌	❌	❌	N / Y	⭐️ 4.8 (53)
Downtown property with balcony	$61,366	$214	78%	2	2	1	$150	❌	❌	❌	Y / Y	⭐️ 4.7 (87)
Prohibition era apartment/2 bed	$39,612	$132	81%	2	1	1	$40	❌	❌	✅	N / Y	⭐️ 4.7 (35)
1920's 2 Bedroom Apartment adjacent to Downtown GR	$20,656	$101	54%	2	1	1	$40	❌	❌	❌	Y / Y	⭐️ 4.6 (495)
Modern 2 BR with Balcony in GR Entertainment Distr	$71,210	$256	76%	2	2	1	$150	❌	❌	✅	Y / Y	⭐️ 4.9 (51)
Downtown Grand Rapids Penthouse	$38,618	$149	70%	2	2	28	$60	✅	✅	✅	Y / Y	⭐️ 4.8 (4)
Old Bungalow adjacent to downtown	$32,244	$99	87%	2	1	1	$50	❌	❌	❌	Y / Y	⭐️ 4.6 (124)
Luxury 2BR Penthouse in Downtown GR	$70,795	$314	60%	2	2	30	$150	❌	❌	❌	Y / Y	⭐️ 4.8 (158)
Modern 2 BR with Balcony downtown GR	$77,089	$259	81%	2	2	30	$150	❌	❌	❌	Y / Y	⭐️ 4.8 (97)
The Broadway Bungalow	$22,391	$67	85%	2	1	1	$65	❌	❌	❌	N / N	⭐️ 4.8 (79)
Cozy apartment 1 mile from downtown Grandrapids!	$36,733	$115	85%	2	1	2	$80	❌	❌	✅	Y / Y	⭐️ 5 (35)
Sparkling clean historic downtown luxury w/parking	$110,335	$329	91%	2	1	2	$95	❌	❌	❌	Y / Y	⭐️ 5 (249)
Emerald Place - Inviting 2 Bedroom Apartment	$26,647	$124	57%	2	1	2	$45	❌	❌	❌	N / Y	⭐️ 4.8 (75)
Downtown GR Bungalow w/ Outdoor Patio & Yard Area	$74,838	$199	100%	2	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (40)
Cozy Craftsman close to Downtown GR	$27,774	$181	41%	2	2	1	$50	❌	❌	❌	Y / Y	⭐️ 4.8 (442)
Luxury property with private balcony	$81,711	$243	91%	2	2	1	$150	❌	❌	❌	Y / Y	⭐️ 4.8 (73)
Spacious 2BR Apartment in Historic Heritage Hill	$48,373	$199	66%	2	2	30	$115	✅	❌	❌	Y / Y	⭐️ 4.5 (53)
Pet friendly apartment with primary suite with Kin	$28,163	$95	81%	2	2	30	$250	❌	❌	✅	Y / Y	⭐️ 5 (4)
Comfy 2 bedroom flat near downtown! Sleeps up to 6	$32,997	$161	56%	2	2	2	$0	❌	❌	❌	N / Y	⭐️ 5 (112)
Top-floor downtown apartment	$64,161	$268	64%	2	2	1	$150	❌	❌	❌	Y / Y	⭐️ 4.8 (85)
Heritage Hill Traditional	$22,488	$260	23%	2	2	3	$200	❌	❌	❌	Y / Y	⭐️ 5 (1)
High-end, large, 2bed condo with parking & laundry	$37,958	$204	50%	2	2	30	$200	❌	❌	❌	Y / Y	⭐️ 4.8 (72)
Executive Style 2 bedroom Condo Downtown	$30,067	$155	53%	2	1	30	$100	✅	✅	✅	Y / Y	⭐️ 4.5 (10)

Return Metrics

-14.21% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$11,971	-$23,942	-$35,913	-$47,885	-$59,856	-$119,712	-$359,138
Revenue Appreciation	$539	$1,089	$1,650	$2,223	$2,807	$5,906	$21,882
Home Equity	$3,168	$6,531	$10,103	$13,894	$17,919	$42,090	$258,000
Down Payment	$64,500	$64,500	$64,500	$64,500	$64,500	$64,500	$64,500
Property Appreciation	$12,900	$26,316	$40,268	$54,779	$69,870	$154,878	$723,495
Total Return	$69,136	$74,494	$80,608	$87,511	$95,241	$147,663	$708,739

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-14.21%

Cap Rate

3.03%

Return on Investment

5.76%

940 Monroe Ave NW 457 Grand Rapids, Michigan, 49503

2 bed • 1 bath • 6 guests

Purchase Price

Est. $1,547/mo

Inquire about this property

Contact Agent

$197,000

Zestimate

Grand Rapids

Guide

Zoning

Guide

Laws

-54

Airbnb Investor Score

-$11,971

Annual Profit

3.0%

Cap Rate

-14.2%

Cash on Cash

$26,970

Annual Revenue

BNBCalc predicts this property will get $187 per night with 65% occupancy, putting it in the top 46% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 44% of comparables

Avg Daily Rate

Top 83% of comparables

Seasonality

40 Airbnb Comparables

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

$45,100

Avg annual revenue

65%

Avg occupancy rate

$187

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

$50k

$80k

$110k

-$11,971

Profit

Revenue

$26,970

Operating Expenses

$17,186

Operating Income

$9,784

Mortgage & Taxes

$21,755

Profit (Cash Flow)

-$11,971

$80,425

Cash Investment

Down Payment

$64,500

Renos & Furnishing

$6,250

Closing Costs

$9,675

Total

$80,425

DSCR Ratio

Weak

0.45

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-14.21%

Cap Rate

3.03%

Return on Investment

5.76%

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

$15,306

Deductible property tax

$3,193

Your total deduction

$44,783

Your adjusted annual income

$150,000 - $44,783 = $105,217

Taxes on $105,217 (30%)

$31,565

Your old tax bill

$45,000

Your new tax bill

$31,565

Estimated tax savings

$13,435

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:

5,696 sqft

Type:

OTHER

Parking:

Heating:

Forced Air Unit

Sold Comparables

Property Details

MLS Status: N/A

Property Use: Office Bldg (General)

Stories: -

Lot size: -

Building area: 5,696 sqft

Garage: No

Heating: Forced air unit

Pool: No

Fireplaces: -

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: TN-CC

Land Use: Commercial

Parcel Number: 41-13-24-285-006

Flood Zone: No

Tax Info

Year Assessed: 2021

Assessed Value: $130,200

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -

Ownership

Name: Boardwalk Condos

Owner Occupied: No

Owner Mailing Address: 940 Monroe Ave Nw Unit 115, Grand Rapids, MI 49503

Years Owned: 0

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: -

Owner Type: Individual

Lien: N/A

Inherited: N/A

Foreclosure: No