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BNBCalc Short Term Rental Investment Analysis 17185 Detroit St, Detroit, MI 48224

3 bed β€’ 1 bath β€’ 9 guests β€’ $85,000

BNB

Calc

Annual Revenue

$36,159

Profit (Cash Flow)

$12,045

Cap Rate

20.9%

Annual Revenue

$36,159

AirDNA projects $195/night at 47% occupancy ($33,474). Airbtics projects $180/night at 55% occupancy ($36,159). Airbtics predicts this property will perform in the 49% revenue percentile

BNB Calc projects a 55% occupancy rate, $180 rate per night.

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

Percentiles25%50%75%90%
Revenue$19,326$33,165$53,514$79,232
Occupancy42%55%64%72%
Nightly Rate$120$158$218$288

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Entire home in Detroit, Michigan
$27,444
$143
46%
311$80❌❌❌N / Y⭐️ 4.7 (29)
Spacious 3 BR Modern Home in Grosse Pointe
$65,103
$282
61%
332$150βœ…βŒβŒY / Y⭐️ 4.7 (35)
Spacious Lower Flat in Grosse Pointe Park, MI
$16,006
$57
72%
315$45❌❌❌Y / Y⭐️ 4.7 (67)
Charming Home Close to Detroit River & Downtown
$21,884
$74
64%
311$175❌❌❌Y / Y⭐️ 4.8 (75)
Beautiful 1920s Historic Home with Screened Porch‼️
$87,714
$347
67%
332$199❌❌❌Y / Y⭐️ 4.8 (24)
The Perfect Lavish Escape.…
$85,479
$378
60%
342$175❌❌❌Y / Y⭐️ 5 (20)
Gorgeous 3 Bdrm vacation house with free parking
$23,420
$116
42%
313$150❌❌❌Y / N⭐️ 5 (9)
Cozy 3BD/2BA 🏑 in The Park - Near Downtown Detroit
$43,232
$203
57%
322$110❌❌❌Y / Y⭐️ 5 (107)
Grosse Pointe Park Charmer
$40,016
$219
47%
312$150βŒβŒβœ…Y / Y⭐️ 4.7 (17)
Entire house-3 beds/1 bath. New, Modern, and Cozy
$35,856
$143
66%
314$95❌❌❌Y / Y⭐️ 4.5 (55)
Back to School! Cozy 3bedrooms with a Vintage feel
$31,098
$242
34%
311$95βŒβŒβœ…N / Y⭐️ 3.2 (5)
Comfy-Cozy 3-bed 2-bath house just east of Detroit
$27,712
$144
50%
322$170βŒβŒβœ…Y / Y⭐️ 4.8 (29)
1920s bungalow near Grosse Pointe Park
$15,042
$92
42%
322$75❌❌❌Y / Y⭐️ 4.8 (212)
Casa Maria
$25,509
$153
43%
321$65❌❌❌N / Y⭐️ 4.9 (88)
Residence760 - Your 5-star home in Grosse Pointe
$73,504
$324
58%
322$175❌❌❌Y / Y⭐️ 5 (43)
Cozy and Quiet Ranch Home
$31,092
$133
60%
322$125❌❌❌Y / Y⭐️ 5 (45)
Whole Home in Grosse Pointe Park
$51,175
$221
61%
322$140❌❌❌Y / Y⭐️ 5 (31)
Elegant & spacious 3/2 Gem in Harper Woods
$44,667
$190
62%
322$140❌❌❌Y / Y⭐️ 4.9 (103)
The Park & River Chalet - Duplex 2 units
$46,279
$218
54%
321$225❌❌❌Y / Y⭐️ 4.8 (48)
Riverfront Retreat! 6 Beds, Large Groups Welcome.
$25,783
$119
53%
323$120βŒβŒβœ…Y / Y⭐️ 4.5 (32)
The Price is Right Downtown E2
$18,007
$164
30%
311$0βœ…βŒβŒN / N⭐️ 4.8 (11)
Historic Detroit Bungalow: Pet & Family Friendly
$79,552
$274
78%
312$135βŒβŒβœ…Y / Y⭐️ 4.8 (7)
Vintage Charm, E. Eng. Village, 10min to Dtwn Det.
$43,751
$174
67%
323$150βœ…βŒβœ…Y / Y⭐️ 5 (22)
Cozy Home, Free Parking and Enclosed Backyard!
$31,393
$96
84%
321$130βŒβŒβœ…Y / Y⭐️ 4.6 (32)
Cozy 3 bedroom vacation home with free parking.
$39,835
$188
57%
313$150❌❌❌Y / Y⭐️ 4.3 (6)
Perfect for Long stays & groups
$31,722
$130
64%
313$125βŒβŒβœ…Y / Y⭐️ 4.5 (6)
Chic 2-Story Brick House w/ Office Space
$39,276
$147
73%
311$0βŒβŒβœ…Y / Y⭐️ 4 (30)
Villa del Lago Grosse Pointe Park King w/ 2 Queens
$43,832
$285
40%
323$137❌❌❌Y / Y⭐️ 5 (12)
Perfect 3 bedroom Villa with an indoor fireplace
$79,483
$404
53%
322$200βŒβœ…βŒY / Y⭐️ 4.8 (46)
Bluehill Detroit Home 3 bdrm by Grosse Pointe
$32,512
$176
47%
311$85❌❌❌Y / Y⭐️ 4.5 (72)
The Happy House
$11,085
$103
27%
321$85βŒβŒβœ…Y / Y⭐️ 4.6 (155)
Safe&quiet. Dwtn Detroit-15’, DMC 20’,
$25,160
$121
53%
322$90βŒβŒβœ…Y / Y⭐️ 4.5 (7)
Cozy Home in Eastpointe MI
$31,499
$190
39%
322$125❌❌❌Y / Y⭐️ 5 (4)
Lux Stay
$30,517
$202
41%
312$75❌❌❌Y / Y⭐️ 5 (2)
A peaceful quiet getaway, in the heart of Detroit!
$21,160
$128
41%
312$90❌❌❌Y / Y⭐️ 5 (8)
Grosse Pointe/Detroit Relaxing Family Home
$52,277
$209
66%
312$220❌❌❌Y / Y⭐️ 4.8 (11)
3bd, 1ba bright, modern, sleeps 5
$30,250
$87
95%
3129$175βŒβŒβœ…Y / Y⭐️ 5 (8)
THE 523
$14,506
$100
38%
312$125❌❌❌Y / Y⭐️ 4.7 (20)
Orismay Luxury Aparment 2
$35,410
$130
66%
321$120❌❌❌Y / Y⭐️ 4.8 (136)
3-bedroom East side Bungalow
$20,499
$102
53%
313$110❌❌❌Y / Y⭐️ 4.7 (58)

Return Metrics

43.32% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$12,044$24,089$36,133$48,178$60,223$120,446$361,339
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$835$1,721$2,662$3,662$4,723$11,093$68,000
Down Payment$17,000$17,000$17,000$17,000$17,000$17,000$17,000
Property Appreciation$2,550$5,176$7,881$10,668$13,538$29,232$121,317
Total Return$32,429$47,987$63,678$79,508$95,484$177,772$567,656

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

43.32%

Cap Rate

20.91%

Return on Investment

55.5%

property-location

17185 Detroit St Detroit, MI, 48224

3 bed β€’ 1 bath β€’ 9 guests

Est. $408/mo

Agent

This property is for sale!

Contact Agent

Detroit

Guide

Zoning

Market

Guide


Laws


Market Data

262

Airbnb Investor Score

$12,044

Annual Profit

20.9%

Cap Rate

43.3%

Cash on Cash

$36,159

Annual Revenue

BNBCalc predicts this property will get $180 per night with 55% occupancy, putting it in the top 49% revenue percentile compared to similar properties nearby.

Top 51% of comparables

Top 44% of comparables


Seasonality

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40

Airbnb Comparables

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

$38,243

Avg annual revenue

55%

Avg occupancy rate

$180

Avg nightly rate


πŸŠβ€β™‚οΈ Pool
πŸ› Hot tub
🐢 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$10k

$35k

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$90k

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$12,045

Profit

Revenue

$36,159

Operating Expenses

$18,381

Operating Income

$17,778

Mortgage & Taxes

$5,734

Profit (Cash Flow)

$12,045

$27,800

Cash Investment

Down Payment

$17,000

Renos & Furnishing

$8,250

Closing Costs

$2,550

Total

$27,800

DSCR Ratio

Strong

3.10

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

43.32%

Cap Rate

20.91%

Profit (Cummulative)

$12,045

$835

$8,250

$2,550

$0

Total Gain

$15,430

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

$4,034

Deductible property tax

$841

Your total deduction

-$2,485

Your adjusted annual income

$150,000 - -$2,485 = $152,485


Taxes on $152,485 (30%)

$45,746

Your old tax bill

$45,000

Your new tax bill

$45,746


Estimated tax savings

-$746

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:

-

Type:

SFR

Parking:

-

Heating:

-

Sold Comparables


Property Details

  • MLS Status: Active
  • Property Use: SFR
  • Stories: -
  • Lot size: -
  • Building area: -
  • Garage: Yes
  • Heating:
  • Pool: No
  • Fireplaces: -
  • Basement: Yes
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: -
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed:
  • Assessed Value: -
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: -