Investment Analysis of 701 S Macon St Baltimore, Maryland 21224-4433 (2024)

BNBCalc.com Investment Analysis Report of 701 S Macon St

2 bed • 2 bath • 6 guests • $318,400

BNB

Calc

Return Metrics

-9.48% cash on cash return is a poor return over the next 1 year.

Investment Value Over Time

Property Appreciation Assumption:

Revenue Appreciation Assumption:

Cash on Cash Return

-9.48%

Cap Rate

4.36%

Return on Investment

6.41%

Annual Revenue

$31,703

AirDNA projects $124/night at 70% occupancy ($31,703). Airbtics projects $136/night at 69% occupancy ($34,274). Airbtics predicts this property will perform in the in the 46% revenue percentile.

Revenue Percentile

Percentiles	25%	50%	75%	90%
Revenue	$23,199	$34,512	$48,318	$63,875
Occupancy	60%	71%	82%	85%
Nightly Rate	$102	$128	$155	$196

Seasonality (Profits by Month)

Airbnb Comparables

Airbnb name	Revenue	$/Night	Occupancy	Beds	Baths	Guests	Night	Cleaning	Pool	H.Tub	Pets	W/D	Reviews	Host
A Parkfront Hot Tub Haven for Families & Pets	$50,058	$196	65 %	2	3	10	1	$70	❌	✅	✅	Y / Y	⭐️ 5 (455)	Profile
B Unique 2-bedroom property in Canton	$19,564	$123	41 %	2	1	6	2	$100	❌	❌	✅	Y / Y	⭐️ 4.9 (228)	Profile
C 2 levels of Modern Rustic & Artistic Rowhome🦀⛵️-New	$27,808	$120	60 %	2	1	4	2	$80	❌	❌	✅	Y / Y	⭐️ 5 (204)	Profile
D Industrial Cozy - Two bedroom apartment	$21,828	$84	71 %	2	1	4	2	$0	❌	❌	❌	N / N	⭐️ 4.6 (30)	Profile
E Charming gem steps away from Patterson Park!	$29,462	$107	69 %	2	1	4	2	$100	❌	❌	✅	Y / N	⭐️ 4.8 (75)	Profile
F Mr. Boh's Ode to B'more ♥ Fells Pt. Hopkins.	$35,705	$112	82 %	2	1	4	3	$80	❌	❌	❌	Y / Y	⭐️ 5 (97)	Profile
G City Sanctuary (Close to Downtown & Free Parking)	$26,491	$99	59 %	2	3	8	2	$120	❌	❌	❌	Y / Y	⭐️ 4.8 (169)	Profile
H Patterson Park Velvet House	$55,581	$149	100 %	2	3	5	1	$50	❌	❌	❌	Y / Y	⭐️ 5 (46)	Profile
I Cozy Townhouse in Patterson Park	$28,449	$100	73 %	2	1	6	3	$149	❌	❌	✅	Y / Y	⭐️ 4.9 (21)	Profile
J Cute getaway in Baltimore	$31,000	$121	70 %	2	1	4	2	$0	❌	❌	❌	Y / Y	⭐️ 4.7 (28)	Profile
K Luxury Canton Home w/ Roof Deck Overlooking Park.	$43,476	$198	58 %	2	3	8	7	$150	❌	❌	✅	Y / Y	⭐️ 4.8 (176)	Profile
L Cozy Getaway 🔷WALK to shops🔷 & Canton Waterfront	$31,032	$139	57 %	2	1	4	1	$75	❌	❌	✅	Y / Y	⭐️ 4.5 (44)	Profile
M Patterson park 3	$32,904	$103	84 %	2	1	4	7	$100	❌	❌	❌	Y / Y	⭐️ 4.7 (14)	Profile
N Elegant and Historic Park-Front Rowhouse	$46,730	$152	84 %	2	3	6	2	$0	❌	❌	✅	Y / Y	⭐️ 5 (26)	Profile
O Sleeps 7 w/ KING bed & walk to restaurants	$36,329	$129	71 %	2	2	7	30	$80	❌	❌	❌	Y / Y	⭐️ 4.8 (76)	Profile
P Baltimore's Best Home Away From Home	$32,260	$175	47 %	2	2	4	2	$165	❌	❌	❌	Y / Y	⭐️ 4.8 (28)	Profile
Q Luxury Home, Gorgeous Roof Deck (By Park & Marina)	$56,196	$173	84 %	2	2	6	1	$69	❌	❌	❌	Y / Y	⭐️ 5 (162)	Profile
R Renovated Luxury Canton Home	$49,935	$178	71 %	2	2	4	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (68)	Profile
S Greektown home away from home	$22,288	$70	87 %	2	1	1	90	$125	❌	❌	❌	Y / Y	⭐️ 5 (3)	Profile
T Charming Canton Home w/Parking & Walkable Access	$28,221	$109	68 %	2	2	4	3	$95	❌	❌	❌	Y / Y	⭐️ 4.8 (53)	Profile
U Patterson Park Penthouse with Rooftop Deck!	$34,335	$153	59 %	2	2	4	2	$50	✅	❌	✅	Y / Y	⭐️ 5 (101)	Profile
V Bungalow in Downtown Baltimore	$24,034	$82	77 %	2	3	2	2	$75	❌	❌	❌	Y / Y	⭐️ 4.6 (13)	Profile
W Industrial House	$12,573	$138	23 %	2	2	4	2	$100	❌	❌	❌	Y / Y	⭐️ 4.5 (81)	Profile
X Gallery House-2BR, 2.5 BA Townhome in Canton Balto	$51,566	$190	73 %	2	3	4	5	$160	❌	❌	✅	Y / Y	⭐️ 4.8 (65)	Profile
Y Cozy, Cute and Clean rowhouse w/ 2 Masters!	$31,639	$99	84 %	2	3	4	30	$50	✅	❌	❌	Y / Y	⭐️ 4.9 (133)	Profile
Z Pristine@ Patterson Park, Canton Connect \| Rooftop	$39,586	$152	69 %	2	2	6	2	$121	❌	❌	✅	Y / Y	⭐️ 5 (30)	Profile
1 Cozy Canton Rowhome	$34,080	$128	72 %	2	1	4	2	$100	❌	❌	✅	Y / Y	⭐️ 4.7 (7)	Profile
2 Baltimore's Best Home Away From Home	$25,739	$242	27 %	2	2	4	2	$165	❌	❌	❌	Y / Y	⭐️ 4.9 (23)	Profile
3 NO EXTRA FEES! Home with Jacuzzi deck and skylight	$54,314	$212	70 %	2	2	6	1	$0	❌	❌	✅	Y / Y	⭐️ 4.9 (50)	Profile
4 Canton’s Finest Luxury Stay: Walk to Park, Bars!	$47,183	$149	85 %	2	2	4	1	$125	❌	❌	✅	Y / Y	⭐️ 4.9 (39)	Profile
5 NEW LISTING! Trendy rowhouse in Patterson Park	$27,548	$122	57 %	2	2	3	2	$70	❌	❌	❌	Y / Y	⭐️ 5 (39)	Profile
6 Modern 2 Bedroom in Butchers Hill/JHH	$34,340	$131	68 %	2	2	4	2	$80	❌	❌	❌	Y / Y	⭐️ 5 (170)	Profile
7 Charming 2 bedroom Canton Row Home	$30,312	$98	82 %	2	2	4	3	$95	❌	❌	❌	Y / Y	⭐️ 4.9 (113)	Profile
8 Mid-Century Row House near Patterson Park - 2br *	$53,394	$162	87 %	2	3	4	2	$150	❌	❌	✅	Y / Y	⭐️ 5 (58)	Profile
9 Luxe Canton Stay, Near John Hopkins/Harbor/Stadium	$51,412	$222	61 %	2	2	6	2	$170	❌	❌	✅	Y / Y	⭐️ 5 (29)	Profile
a Off Street Parking, Safe, Lovely Canton Row Home	$37,627	$135	72 %	2	2	5	1	$90	❌	❌	✅	Y / Y	⭐️ 5 (54)	Profile
b Patterson Park Apt; Walk to Hopkins, Bars, Cafes	$29,796	$101	78 %	2	2	3	4	$100	❌	❌	❌	Y / Y	⭐️ 5 (21)	Profile
c Close 2 JHH Hopkins: Proximity 4 Staff & Interns	$25,836	$78	85 %	2	2	4	2	$100	❌	❌	❌	N / N	⭐️ 4 (16)	Profile
d Lovely 2B/1B Townhouse in Fells point’s epicenter!	$34,750	$97	95 %	2	1	4	20	$100	❌	❌	✅	Y / Y	⭐️ 4.8 (10)	Profile
e Brand new 2 Bedroom in Brewers Hill with parking	$29,719	$123	65 %	2	2	4	7	$150	❌	❌	✅	Y / Y	⭐️ 4.8 (4)	Profile

Operating Expenses

Monthly Expenses

$1,483

Annual Expenses

$17,801

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$964

Property Insurance

$150

HOA

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Mortgage & Taxes

Monthly Mortgage & Tax

$1,789

Annual Mortgage & Tax

$21,468

Downpayment

Purchase Price

$318,400

Percent Down

20%

Total Downpayment

$63,680

Total Loan Amount

$254,720

Mortgage Payment

Mortgage Length

30 years

Interest Rate

Monthly Loan Payment

$1,527

Property Tax and PMI

Property Tax Yearly

0.99%

Property Tax Monthly

$263

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

1,525 sqft

Year built:

2013

Size:

1,568 sqft

Type:

SFR

Parking:

Heating:

FORCED AIR

Sold Comparables

Address	Beds	Baths	Square Feet	Lot Size	Year Built	Last Sale	Days on Market
404 Oldham St	2	2	845	968	1915	$205,000	0
4634 Hudson St	-	4	2,128	1,307	2015	$418,000	0
404 S Newkirk St	3	1	910	968	1915	$180,000	91
714 S Macon St	3	3	1,568	915	2013	$335,000	61
126 S Newkirk St	2	3	1,612	1,089	2018	$355,000	66
609 S Clinton St	2	2	1,420	1,120	1910	$312,500	47
4519 Foster Ave	-	3	1,888	915	2013	$0	0
3322 Odonnell St	2	3	1,562	1,210	1920	$389,000	46
4646 Dillon Pl	4	4	2,368	828	2013	$395,000	52
110 N Kresson St	5	1	1,500	1,200	1900	$265,000	128

Property Details

MLS Status: Active
Property Use: Townhouse
Stories: 3
Lot size:1,525 sqft
Building area: 1,568 sqft
Garage: 352 sqft
Heating: Forced air
Pool: No
Fireplaces: 0
Basem*nt: No basem*nt

Lot Info

Date	Sale Price	% Financed	Buyer
03/28/24	$274,500	0%	Pennymac Loan Services Llc
06/14/13	$295,000	98%	Jones,Irvin
01/24/13	$350,000	0%	Nvr Inc

Tax Calculator

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

$15,111

Deductible property tax

$3,152

Est. Depreciation Value

$50,953

Profit on this property

$13,901

Your total deduction

$55,315

So, your new taxable income is your previous income minus your total deduction ($150,000 - $55,315)

$94,684

Your old tax bill

$45,000

Your new tax bill

$28,405

Estimated tax savings

$16,594

For sale

$303,000

Est. $1,376/mo

2 bed • 2 bath • 6 guests • $318,400

Annual Revenue

$31,703

Profit (Cash Flow)

-$7,566

Cap Rate

4.4%

Annual Revenue

$31,703

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
AirDNA projects $124/night at 70% occupancy ($31,703). Airbtics projects $136/night at 69% occupancy ($34,274).

Occupancy Rate

Avg Daily Rate

Revenue Percentile

$31,703

25%

50%

75%

90%

100%

Airbnb Comparables

Identify comparable properties to benchmark against. Then adjust your nightly rates and occupancy rates accordingly.

Revenue/yr

Airbnb name	Revenue	Rate Per Night	Occupancy	Beds	Baths	Guests	Min nights	Cleaning	Pool	Hot Tub	Pets	Washer / Dryer	Reviews	Host
Parkfront Hot Tub Haven for Families & Pets	$50,058	$196	65 %	2	3	10	1	$70	❌	✅	✅	Yes / Yes	⭐️ 5 (455)	Profile
Unique 2-bedroom property in Canton	$19,564	$123	41 %	2	1	6	2	$100	❌	❌	✅	Yes / Yes	⭐️ 4.9 (228)	Profile
2 levels of Modern Rustic & Artistic Rowhome🦀⛵️-New	$27,808	$120	60 %	2	1	4	2	$80	❌	❌	✅	Yes / Yes	⭐️ 5 (204)	Profile
Industrial Cozy - Two bedroom apartment	$21,828	$84	71 %	2	1	4	2	$0	❌	❌	❌	No / No	⭐️ 4.6 (30)	Profile
Charming gem steps away from Patterson Park!	$29,462	$107	69 %	2	1	4	2	$100	❌	❌	✅	Yes / No	⭐️ 4.8 (75)	Profile

Return Metrics

-9.48% cash on cash return is a poor return over the next 1 year.

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-9.48%

Cap Rate

4.36%

Tax Calculator

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 estimated deduction will be...

Deductible mortgage interest

$15,111

Deductible property tax

$3,152

Your total deduction

$55,315

Your adjusted annual income

$150,000 - $55,315 = $94,684

Taxes on $94,684 (30%)

$28,405

Your old tax bill

$45,000

Your new tax bill

$28,405

Estimated tax savings

$16,594

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