BNBCalc.com Investment Analysis Report of 1400 Ocean Blvd

2 bed • 2 bath • 6 guests • $599,900

BNB

Calc

Return Metrics

16.52% cash on cash return is a great return over the next 1 year

Investment Value Over Time

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

16.52%

Cap Rate

10.72%

Return on Investment

33.05%

Annual Revenue

$89,670

AirDNA projects $262/night at 58% occupancy ($55,502). Airbtics projects $285/night at 66% occupancy ($68,702). Airbtics predicts this property will perform in the 47% revenue percentile

User selected values for this report: 65% occupancy rate, $378 rate per night

Revenue Percentile

Percentiles	25%	50%	75%	90%
Revenue	$42,170	$66,632	$99,358	$148,381
Occupancy	61%	69%	76%	80%
Nightly Rate	$185	$259	$350	$497

Seasonality (Profits By Month)

Airbnb Comparables

Airbnb name	Revenue	Rate Per Night	Occupancy	Beds	Baths	Guests	Night	Cleaning	Pool	H.Tub	Pets	W/D	Reviews	Host
A Charming 1950s Beach Cottage Apt B	$105,485	$377	74%	2	1	6	3	$280	❌	❌	❌	N / Y	⭐️ 4.7 (49)	Profile
B Easy Breezy 1st Flr 2br1ba, 1 Blk to the Beach!	$44,720	$183	66%	2	1	6	3	$157	✅	❌	✅	N / Y	⭐️ 5 (16)	Profile
C XLNT LCT IOP Beach Cottage 5 min walk Pet OK 2bd	$53,042	$173	81%	2	1	4	5	$175	❌	❌	✅	N / Y	⭐️ 4.8 (48)	Profile
D Shipp Cabin I, Beachfront, Sleeps 6, Fishing Pier	$41,643	$257	43%	2	1	6	3	$125	✅	❌	❌	N / Y	⭐️ 4.7 (60)	Profile
E Across the street from the beach, fun 2 br rental	$61,692	$280	59%	2	1	4	3	$175	❌	❌	✅	N / N	⭐️ 5 (83)	Profile

Operating Expenses

Monthly Expenses

$2,111

Annual Expenses

$25,337

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$1,447

Property Insurance

$150

HOA

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

Other

Cleaning Cost

$747

Management & Platform Fees

$224

Platform Fee (i.e. Airbnb)

$224

Property Manager Fee

Mortgage & Taxes

Monthly Mortgage & Tax

$3,372

Annual Mortgage & Tax

$40,464

Downpayment

Purchase Price

$599,900

Percent Down

20%

Total Downpayment

$119,980

Total Loan Amount

$479,920

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

Monthly Loan Payment

$2,877

Property Tax Yearly

0.99%

Property Tax Monthly

$495

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

Year built:

1981

Size:

960 sqft

Type:

CONDO

Parking:

Heating:

Heat Pump

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Year Built	Last Sale	Days on Market
1400 Ocean Blvd	2	2	960	-	1981	$570,000	-
1400 Ocean Blvd	2	2	960	-	1981	$0	-
1400 Ocean Blvd	2	2	960	-	1981	$0	-
1400 Ocean Blvd	2	2	960	-	1981	$0	-
1400 Ocean Blvd	2	2	960	-	1981	$759,000	-
1400 Ocean Blvd	2	2	960	-	1981	$625,000	-
1400 Ocean Blvd	2	2	960	-	1981	$520,000	-
1300 Ocean Blvd	1	1	490	-	1980	$655,000	-
1300 Ocean Blvd	1	1	490	-	1980	$0	-
1100 Pavilion Dr	2	1	708	-	1970	$469,000	-

Property Details

MLS Status: N/A

Property Use: Condominium Unit (Residential)

Stories: 1

Lot size: -

Building area: 960 sqft

Garage: No

Heating: Heat pump

Pool: No

Fireplaces: -

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: -

Land Use: Residential

Parcel Number: 568-12-00-206

Flood Zone: Yes, Zone 0.2

Tax Info

Year Assessed: 2024

Assessed Value: $15,070

County Est. Land Value: $97,100

Assessed Land Value: -

County Est. Structure Value: $291,200

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
12/10/19	$0	0%	Palmetto Coastal Property Llc
03/05/19	$0	0%	Richard C Morris, Richard C Morris Revocable Trust

Ownership

Name: Palmetto Coastal Property Llc

Owner Occupied: No

Owner Mailing Address: 2225 Lakeside Dr, Orlando, FL 32803

Years Owned: 59

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: -

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No

Schools

Elementary School: Sullivans Island Elementary School with 8/10 star rating

Tax Calculator (USA)

Tax Calculator (US Only)

Example Income

$150,000

Example Income Tax Rate

30%

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$28,472

Deductible property tax

$5,939

Est. Depreciation Value

$208,903

Profit on this property

$64,333

Your total deduction

$178,981

So, your new taxable income is your previous income minus your total deduction ($150,000 - $178,981)

-$28,981

Your old tax bill

$45,000

Your new tax bill

-$8,694

Estimated tax savings

$53,694

1400 Ocean Blvd Isle of Palms, South Carolina, 29451

2 bed • 2 bath • 6 guests

Purchase Price

Est. $2,877/mo

Inquire about this property

Contact Test

Agent at BNB

$1,563,600

Zestimate

$89,670

Annual Revenue

BNBCalc predicts this property will get $285 per night with 66% occupancy, putting it in the top 47% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

40 Airbnb Comparables

Identify properties similar to yours in terms of amenities and interior design. Then adjust your Occupancy Rate and Average Daily Rate to match.

Revenue per year

$0k

$100k

$195k

$300k

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

16.52%

Cap Rate

10.72%

Return on Investment

33.05%

10 Long Term Rental Comparables

This property's projected long-term rent from Rentrange™ is $4,100/mo ($49,200/yr) and $-/mo from Zillow. Projected vacancy is 9.27%% and rent growth is $83/yr. View comparable long-term rentals below ranging from $2,000 to $4,750.

Name	Listed Rent	Sqft	Type	Beds	Baths	Listed on	Similarity	Distance
4 SANDPIPER CT	$4,000	1256	Single Family	3	2	9/18	NaN%	2.83 mi
226 FOREST TRL	$4,750	1196	Single Family	3	2	11/1	NaN%	1.26 mi
501 CAROLINA BLVD	$4,500	1150	Single Family	2	2	4/1	NaN%	0.79 mi
416 CAROLINA BLVD	$5,500	1486	Single Family	3	2	10/18	NaN%	0.97 mi
218 FOREST TRL	$5,750	1795	Single Family	3	3	11/20	NaN%	1.32 mi

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

$28,472

Deductible property tax

$5,939

Your total deduction

$38,402

Your adjusted annual income

$150,000 - $38,402 = $111,598

Taxes on $111,598 (30%)

$33,479

Your old tax bill

$45,000

Your new tax bill

$33,479

Estimated tax savings

$11,521

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:

1981

Size:

960 sqft

Type:

CONDO

Parking:

Heating:

Heat Pump

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Year Built	Last Sale	Days on Market
1400 Ocean Blvd	2	2	960	-	1981	$570,000	-
1400 Ocean Blvd	2	2	960	-	1981	$0	-
1400 Ocean Blvd	2	2	960	-	1981	$0	-
1400 Ocean Blvd	2	2	960	-	1981	$0	-
1400 Ocean Blvd	2	2	960	-	1981	$759,000	-
1400 Ocean Blvd	2	2	960	-	1981	$625,000	-
1400 Ocean Blvd	2	2	960	-	1981	$520,000	-
1300 Ocean Blvd	1	1	490	-	1980	$655,000	-
1300 Ocean Blvd	1	1	490	-	1980	$0	-
1100 Pavilion Dr	2	1	708	-	1970	$469,000	-

Property Details

MLS Status: N/A

Property Use: Condominium Unit (Residential)

Stories: 1

Lot size: -

Building area: 960 sqft

Garage: No

Heating: Heat pump

Pool: No

Fireplaces: -

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: -

Land Use: Residential

Parcel Number: 568-12-00-206

Flood Zone: Yes, Zone 0.2

Tax Info

Year Assessed: 2024

Assessed Value: $15,070

County Est. Land Value: $97,100

Assessed Land Value: -

County Est. Structure Value: $291,200

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
12/10/19	$0	0%	Palmetto Coastal Property Llc
03/05/19	$0	0%	Richard C Morris, Richard C Morris Revocable Trust

Ownership

Name: Palmetto Coastal Property Llc

Owner Occupied: No

Owner Mailing Address: 2225 Lakeside Dr, Orlando, FL 32803

Years Owned: 59

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: -

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No

Schools

Elementary School: Sullivans Island Elementary School with 8/10 star rating