BNBCalc Short Term Rental Investment Analysis 623 1st Pl

4 bed • 4 bath • 12 guests • $1,700,000

BNB

Calc

Report by:

Keston Abe

kestonabe@gmail.com

Annual Revenue

$223,456

Profit (Cash Flow)

$66,050

Cap Rate

10.6%

Annual Revenue

$223,456

AirDNA projects $1,330/night at 46% occupancy ($223,456). Airbtics projects $691/night at 66% occupancy ($166,573). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 46% occupancy rate, $1,330 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$88,045	$148,668	$271,179	$380,103
Occupancy	48%	66%	85%	96%
Nightly Rate	$494	$608	$863	$1,069

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
A Coastal lifestyle Beach House	$191,879	$760	68%	4	3	3	$450	❌	❌	✅	N / Y	⭐️ 5 (41)
B Spacious House Near the Beach - Hosted by Tania	$152,732	$478	86%	4	3	2	$245	❌	❌	❌	N / Y	⭐️ 5 (50)
C Beach House Hollywood Riviera Casa Pacifica w. spa	$184,237	$520	96%	4	3	1	$200	❌	✅	❌	N / Y	⭐️ 4.8 (43)
D Beachy, bright relaxing 4 bedroom Walk to Beach!	$96,479	$400	65%	4	2	5	$200	❌	❌	❌	N / Y	⭐️ 4.8 (18)
E OCEAN VIEW/Amazing 4 Bedroom/AC/Walk to Beach!	$261,491	$974	72%	4	3	3	$275	❌	❌	✅	N / Y	⭐️ 5 (41)
F Oceanfront 4 Bdrm on The Strand, Manhattan Beach	$369,847	$1,624	60%	4	3	2	$360	❌	❌	✅	N / Y	⭐️ 4.8 (83)
G Spacious Home w/ Amenities - 5 Blocks To The Beach	$171,990	$712	66%	4	3	3	$0	❌	❌	❌	N / Y	⭐️ 5 (42)
H Family Friendly Oversized Home Away From Home!	$118,358	$500	62%	4	3	6	$200	❌	❌	❌	N / Y	⭐️ 4.8 (17)
I Retreat to Chic Beachy GemHammockAC*Pvt Pking	$172,719	$504	92%	4	3	4	$250	❌	❌	❌	N / Y	⭐️ 5 (56)
J Beachside Luxury \| 4BR \| Arcade Fun \| Ocean Views	$200,820	$576	92%	4	3	3	$229	❌	❌	❌	N / Y	⭐️ 5 (32)
K Gorgeous 4-bedroom villa close to beach	$151,773	$637	64%	4	4	3	$280	❌	❌	❌	N / Y	⭐️ 5 (28)
L Panoramic Ocean View Designer Beach House	$90,366	$1,064	23%	4	5	30	$600	❌	❌	❌	N / Y	⭐️ 5 (2)
M Beach house with ocean view, 3 min drive to beach	$315,844	$938	92%	4	3	2	$200	❌	✅	❌	N / Y	⭐️ 5 (8)
N Beach, Restaurants, Ocean Views, Garage Parking!	$221,204	$1,438	41%	4	4	5	$500	❌	❌	❌	N / Y	⭐️ 5 (1)
O Southbay Neighborhood Resort (Large Swim Spa)	$88,126	$656	35%	4	2	3	$150	✅	✅	✅	N / Y	⭐️ 5 (5)
P Stunning South MB, Ocean View, Coastal Modern Home	$205,986	$840	67%	4	5	30	$685	❌	❌	❌	N / Y	⭐️ 5 (2)
Q Ocean view 400 paces from the beach	$152,084	$729	57%	4	5	30	$750	❌	❌	✅	N / Y	⭐️ 5 (6)
R 2nd Home Away From Home	$105,343	$303	90%	4	2	5	$300	❌	❌	❌	N / Y	⭐️ 5 (7)
S Luxury Big Home 1 mile from Beach	$111,156	$474	63%	4	4	3	$395	✅	✅	❌	N / Y	⭐️ 5 (32)
T 4B/4B Home: Ocean View, Sleeps 10, BBQ Grill	$183,169	$715	69%	4	4	2	$275	❌	❌	✅	N / Y	⭐️ 5 (34)
U Hot Tub, Pool Table, Home Office & Huge Yard!	$76,376	$271	77%	4	3	30	$300	❌	✅	❌	N / Y	⭐️ 4.3 (6)
V 4 BR Beach Bliss Home w/2 King, 1 Q, 2 Twins	$49,369	$287	47%	4	2	30	$0	❌	❌	✅	N / Y	⭐️ 0 (0)
W Ocean View Modern Luxury Home	$156,046	$561	76%	4	3	30	$395	❌	❌	❌	N / Y	⭐️ 5 (2)
X Tranquil family beach city retreat	$150,975	$550	75%	4	3	30	$0	❌	❌	❌	N / Y	⭐️ 5 (7)
Y Hermosa Beach House	$232,410	$635	100%	4	3	7	$0	❌	✅	❌	N / Y	⭐️ 5 (2)
Z Hermosa Luxury Home by the Beach	$211,240	$595	97%	4	5	28	$0	✅	❌	❌	N / N	⭐️ 0 (1)
1 Modern Townhome Panoramic Oceanview Hermosa Border	$79,641	$340	64%	4	4	30	$500	❌	❌	❌	N / Y	⭐️ 5 (6)
2 Beachside Luxury \| 4BR \| Arcade Fun \| Ocean Views	$91,829	$554	44%	4	3	28	$250	❌	❌	✅	N / Y	⭐️ 0 (0)
3 Redondo Beach House	$73,092	$228	85%	4	3	7	$180	✅	❌	❌	N / Y	⭐️ 4.5 (26)
4 Ocean & Pier View - Newly Redone	$180,768	$989	49%	4	4	4	$425	❌	❌	❌	N / Y	⭐️ 4.8 (5)
5 Villa Reviera	$196,939	$1,121	48%	4	3	30	$0	❌	✅	✅	N / Y	⭐️ 4 (5)
6 Manhattan Beach Villa	$58,560	$640	25%	4	5	30	$350	✅	✅	❌	N / Y	⭐️ 4.7 (19)
7 Beautiful 1920’s house on the Hermosa Strand	$115,734	$1,860	17%	4	0	1	$0	❌	❌	✅	N / N	⭐️ 0 (0)
8 Manhattan Beach Prestigious Hill Section Home	$46,970	$558	23%	4	3	30	$300	❌	❌	✅	N / Y	⭐️ 5 (2)
9 Lovely Torrance Cottage	$92,819	$232	98%	4	2	5	$180	✅	✅	❌	N / Y	⭐️ 4.8 (233)
a Bright Spacious Retreat at Beach	$143,003	$592	66%	4	3	30	$325	❌	❌	✅	N / Y	⭐️ 5 (1)
b Modern Beach House near Ocean	$109,273	$622	48%	4	2	7	$0	❌	❌	✅	N / Y	⭐️ 5 (105)
c Chic 4 BDR, steps to the beach! New listing!	$269,766	$933	79%	4	5	3	$500	❌	❌	✅	N / N	⭐️ 0 (1)
d Modern Ocean View Beach House	$367,523	$1,003	99%	4	4	30	$400	❌	❌	❌	N / Y	⭐️ 5 (16)
e Coastal Retreat with Sun Deck and Ocean Views	$70,477	$232	83%	4	4	30	$0	❌	❌	❌	N / Y	⭐️ 5 (24)

623 1st Pl Hermosa Beach, California, 90254-5202

4 bed • 4 bath • 12 guests

Purchase Price

Est. $8,154/mo

Inquire about this property

Contact Agent

$1,419,700

Zestimate

$223,456

Annual Revenue

BNBCalc predicts this property will get $691 per night with 66% occupancy, putting it in the top 48% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 81% of comparables

Avg Daily Rate

Top 6% of comparables

Seasonality

40 Airbnb Comparables

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

$157,960

Avg annual revenue

66%

Avg occupancy rate

$691

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

$45k

$150k

$255k

$370k

$66,050

Profit

Revenue

$223,456

Operating Expenses

$42,729

Operating Income

$180,727

Mortgage & Taxes

$114,677

Profit (Cash Flow)

$66,050

$402,000

Cash Investment

Down Payment

$340,000

Renos & Furnishing

$11,000

Closing Costs

$51,000

Total

$402,000

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

16.43%

Cap Rate

10.63%

Return on Investment

33.27%

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

$80,684

Deductible property tax

$16,830

Your total deduction

$103,884

Your adjusted annual income

$150,000 - $103,884 = $46,116

Taxes on $46,116 (30%)

$13,835

Your old tax bill

$45,000

Your new tax bill

$13,835

Estimated tax savings

$31,165

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:

22,659 sqft

Year built:

2001

Size:

2,371 sqft

Type:

CONDO

Parking:

Heating:

CENTRAL

Sold Comparables

Property Details

MLS Status: N/A

Property Use: Condominium

Stories: 0

Lot size: 22,659 sqft

Building area: 2,371 sqft

Garage: No

Heating: Central

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: HBM*

Land Use: Residential

Parcel Number: 4188-022-060

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2023

Assessed Value: $1,804,052

County Est. Land Value: -

Assessed Land Value: $1,405,357

County Est. Structure Value: -

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
04/09/21	$1,700,000	80%	Abe Keston, Tracey Takeshita
08/12/20	$0	0%	Maria T Jones
08/12/20	$0	0%	Maria T Jones
08/12/20	$0	0%	Jones,Maria T Living Trust
09/20/12	$0	0%	Jones Maria Teresa Liv Trust
12/07/07	$0	0%	Jones Maria T Living Trust
Invalid Date	$568,000	80%	Maria T Jones

Ownership

Name: Abe Keston

Owner Occupied: Yes

Owner Mailing Address: 623 1st Pl, Hermosa Beach, Ca 90254

Years Owned: 41

Home Equity: $868,145

Mortgage Balance Remaining: $1,360,000

Financed amount: 80%

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No

Schools

Middle School: Manhattan Beach Middle School with 9/10 star rating
High School: Redondo Union High School with 8/10 star rating