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:

3%

Revenue Appreciation:

0%

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

Revenue Percentile

Percentiles25%50%75%90%
Revenue$42,170$66,632$99,358$148,381
Occupancy61%69%76%80%
Nightly Rate$185$259$350$497

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Charming 1950s Beach Cottage Apt B
$105,485
$377
74%
2163$280❌❌❌N / Y⭐️ 4.7 (49)Profile

B

Easy Breezy 1st Flr 2br1ba, 1 Blk to the Beach!
$44,720
$183
66%
2163$157✅❌✅N / Y⭐️ 5 (16)Profile

C

XLNT LCT IOP Beach Cottage 5 min walk Pet OK 2bd
$53,042
$173
81%
2145$175❌❌✅N / Y⭐️ 4.8 (48)Profile

D

Shipp Cabin I, Beachfront, Sleeps 6, Fishing Pier
$41,643
$257
43%
2163$125✅❌❌N / Y⭐️ 4.7 (60)Profile

E

Across the street from the beach, fun 2 br rental
$61,692
$280
59%
2143$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

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$747

Management & Platform Fees

$224

Platform Fee (i.e. Airbnb)

$224

Property Manager Fee

$0

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

6%

Monthly Loan Payment

$2,877

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$495

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

-

Year built:

1981

Size:

960 sqft

Type:

CONDO

Parking:

-

Heating:

Heat Pump

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
1400 Ocean Blvd2296001981$570,0000
1400 Ocean Blvd2296001981$00
1400 Ocean Blvd2296001981$00
1400 Ocean Blvd2296001981$00
1400 Ocean Blvd2296001981$759,0000
1400 Ocean Blvd2296001981$625,0000
1400 Ocean Blvd2296001981$520,0000
1300 Ocean Blvd1149001980$655,0000
1300 Ocean Blvd1149001980$00
1100 Pavilion Dr2170801970$469,0000

Property Details

  • MLS Status: N/A
  • Property Use: Condominium Unit (Residential)
  • Stories: 1
  • Lot size:-
  • Building area: 960 sqft
  • Garage: -
  • Heating: Heat pump
  • Pool: No
  • Fireplaces:
  • Basement: No basement

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

DateSale Price% FinancedBuyer
12/10/19$00%Palmetto Coastal Property Llc
03/05/19$00%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 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

$300,188

Profit on this property

$64,333

Your total deduction

$270,266

So, your new taxable income is your previous income minus your total deduction ($150,000 - $270,266)

-$120,266

Your old tax bill

$45,000

Your new tax bill

-$36,080

Estimated tax savings

$81,080

property-location

1400 Ocean Blvd Isle of Palms, South Carolina, 29451

2 bed • 2 bath • 6 guests

Purchase Price

Est. $2,877/mo

Agent

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

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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

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Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

16.52%

Cap Rate

10.72%

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

$65,787

Your adjusted annual income

$150,000 - $65,787 = $84,213

Taxes on $84,213 (30%)

$25,264

Your old tax bill

$45,000

Your new tax bill

$25,264

Estimated tax savings

$19,736

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com