1777 Keats Ave Madison Heights, Michigan, 48071
3 bed • 1.5 bath • 9 guests
$294,300
Zestimate
Airbnb Investor Score
-$8,860
Annual Profit
7.0%
Cap Rate
-11.6%
Cash on Cash
$39,410
Annual Revenue
This property is projected to be in the top 44% revenue percentile compared to similar properties nearby.
Projected nightly rate is $159/night at 60% occupancy.Projected nightly rate is $166/night at 65% occupancy.
Top 58% of comparables
Top 46% of comparables
Seasonality
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$41,559
Avg annual revenue
65%
Avg occupancy rate
$166
Avg nightly rate
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Revenue per year
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-$8,860
Profit
Revenue
$39,410
Operating Expenses
$18,803
Operating Income
$20,607
Mortgage & Taxes
$29,467
Profit (Cash Flow)
-$8,860
$76,064
Cash Investment
Down Payment
$58,860
Renos & Furnishing
$8,375
Closing Costs
$8,829
Total
$76,064
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-11.64%
Cap Rate
7%
STR Tax Calculator (USA)
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
$17,509
Deductible property tax
$9,712
Your total deduction
$39,897
Your adjusted annual income
$150,000 - $39,897 = $110,103
Taxes on $110,103 (30%)
$33,031
Your old tax bill
$45,000
Your new tax bill
$33,031
Estimated tax savings
$11,969
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
5,227 sqft
Year built:
1958
Size:
1,902 sqft
Type:
SINGLE_FAMILY
Parking:
-
Heating:
Forced Air, Natural Gas
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: 1
- Lot size: 5,227 sqft
- Building area: 1,902 sqft
- Garage: No
- Heating: Forced air, natural gas
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: Central Air
- View: -
- Parking: No Garage
- Amenities: Dishwasher, Dryer, Free Standing Gas Oven, Free Standing Refrigerator, Washer
- Price per square foot: $154
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 2511104009
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $101,980
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $294,300
Schools
- Elementary School: Lessenger Elementary School with 9/10 star rating
- Middle School: Page Middle School with 5/10 star rating
- High School: Lamphere High School with 6/10 star rating