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BNBCalc Short Term Rental Investment Analysis 2222 Detroit Ave, Cleveland, OH, 44113

2 bed β€’ 2 bath β€’ 6 guests β€’ $185,000

BNB

Calc

Annual Revenue

$33,548

Profit (Cash Flow)

$3,027

Cap Rate

8.4%

Annual Revenue

$33,548

AirDNA projects $225/night at 42% occupancy ($34,515). Airbtics projects $167/night at 55% occupancy ($33,547). Airbtics predicts this property will perform in the 49% revenue percentile

BNB Calc projects a 55% occupancy rate, $167 rate per night.

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

Percentiles25%50%75%90%
Revenue$19,043$27,197$46,668$79,677
Occupancy47%54%63%72%
Nightly Rate$105$129$192$292

Seasonality (Profit by Month)

Sign up to view the full seasonality chart

Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Historic Warehouse District Downtown 2 BR Luxury
$26,569
$152
46%
221$75βŒβŒβœ…Y / Y⭐️ 4.5 (168)
2 BDR Living in the Heart of Downtown CLE
$19,149
$109
48%
211$0❌❌❌Y / Y⭐️ 5 (55)
West 28th Ohio City Apartment
$26,865
$160
43%
211$60❌❌❌Y / Y⭐️ 5 (99)
Bright and Hip 2BR Condo in Heart of Ohio City
$30,029
$106
72%
21.51$110❌❌❌Y / Y⭐️ 5 (150)
CLE 2BDR with Comfort & Conveniences Inside & Out
$20,346
$109
51%
211$0❌❌❌Y / Y⭐️ 5 (50)
Cleveland 2 Bedroom Apt in the Heart of it All
$20,935
$110
52%
211$0βŒβŒβœ…Y / Y⭐️ 5 (57)
Spacious Riverfront Suite I Close to Downtown
$33,417
$165
54%
222$100❌❌❌Y / Y⭐️ 5 (141)
Location!-City getaway in The Flats w/Hot Tub+more
$74,122
$319
62%
212$75βŒβœ…βœ…Y / Y⭐️ 5 (101)
Home away from home appeal.
$46,042
$370
34%
225$0βŒβŒβœ…Y / Y⭐️ 0 (1)
Cleveland Vibes: Modern 2 BDR Apartment Downtown
$20,987
$122
47%
211$0βŒβŒβœ…Y / Y⭐️ 5 (36)
Lakeview Loft | Walk to Stadiums | Downtown
$31,074
$150
55%
222$90❌❌❌Y / Y⭐️ 5 (218)
Charming and Bright 2BR Condo in Ohio City
$29,855
$104
74%
211$110❌❌❌Y / Y⭐️ 5 (57)
Million dollar views and location! Downtown condo
$39,455
$250
43%
221$100βŒβŒβœ…Y / Y⭐️ 5 (42)
Lake View DT: Stadium, Casino, Rock Hall, Clinic
$23,667
$95
61%
221$70βŒβŒβœ…Y / Y⭐️ 5 (90)
Downtown Sq: Stadium, Casino, Rock Hall, Clinic
$31,483
$102
77%
221$70βŒβŒβœ…Y / Y⭐️ 5 (64)
Downtown Sq: Stadium, Casino, Rock Hall, Clinic
$24,992
$93
66%
221$70βŒβŒβœ…Y / Y⭐️ 5 (95)
Downtown Sq: Stadium, Casino, Rock Hall, Clinic
$19,875
$79
60%
221$70βŒβŒβœ…Y / Y⭐️ 5 (57)
Downtown Sq: Stadium, Casino, Rock Hall, Clinic
$19,705
$76
61%
221$70βŒβŒβœ…Y / Y⭐️ 5 (29)
Downtown Sq: Stadium, Casino, Rock Hall, Clinic
$19,463
$84
56%
221$70βŒβŒβœ…Y / Y⭐️ 5 (43)
Walk Westside Market, Ohio City, 2 mi to downtown!
$34,542
$194
46%
211$75βŒβŒβœ…Y / Y⭐️ 4.5 (58)
2BR Apt in the Heart of Hingetown
$30,405
$160
51%
212$60βŒβŒβœ…Y / Y⭐️ 4.8 (495)
Downtown Loft - Private Rooftop - Lake/City Views
$36,472
$289
33%
222$200❌❌❌Y / Y⭐️ 4.5 (6)
Industrial Chic Luxury Condo: 2 Bedroom, 3 Bath
$79,042
$450
45%
231$100❌❌❌Y / Y⭐️ 5 (18)
Skyloft Condo | Walk To Stadiums | City Views
$31,076
$158
52%
222$100❌❌❌Y / Y⭐️ 5 (96)
THE TWIN HOMES #4 - dead center OHC
$31,583
$107
76%
212$95βŒβœ…βŒY / Y⭐️ 5 (259)
THE TWIN HOMES #1 - dead center OHC
$28,160
$118
61%
212$95βŒβœ…βŒY / Y⭐️ 5 (461)
Downtown Sq: Stadium, Casino, Rock Hall, Clinic
$25,909
$92
69%
221$70βŒβŒβœ…Y / Y⭐️ 5 (80)
Farmhouse Charm - Prime Location
$21,731
$116
50%
212$50βŒβŒβœ…Y / N⭐️ 5 (18)
Duck Island Garden Apt in New Construction
$21,033
$103
54%
212$44❌❌❌Y / Y⭐️ 5 (362)
Good Food Good Life|2BR Condo| Center of Cleveland
$42,845
$223
52%
222$99❌❌❌Y / Y⭐️ 5 (130)
Fulton Haus - Luxury Rental in Ohio City
$46,329
$370
33%
21.51$160❌❌❌Y / Y⭐️ 5 (33)
Dwtn Cleveland Condo: Walk to Stadiums & Museums
$29,254
$128
56%
222$88❌❌❌Y / Y⭐️ 4.5 (58)
Tito’s Toast of Cleveland Rocks the Heartland!
$60,036
$285
56%
231$99❌❌❌Y / Y⭐️ 5 (42)
Downtown Sq: Stadium, Casino, Rock Hall, Clinic
$22,795
$86
63%
221$70βŒβŒβœ…Y / Y⭐️ 5 (85)
Cle Downtown Fun: Work, Play, Relax Airjet Retreat
$33,705
$120
72%
221$100❌❌❌Y / Y⭐️ 4.8 (45)
Duck Island Getaway - Close to Downtown and West S
$43,307
$162
71%
212$50❌❌❌Y / Y⭐️ 5 (118)
Stylish|King Bed|Game Room|2BDRM|1 Mile to DTWN|
$29,187
$156
49%
211$55❌❌❌Y / Y⭐️ 5 (148)
Location! Ohio City Modern Luxury + 2 King Beds
$37,028
$131
76%
21.52$30βŒβŒβœ…Y / Y⭐️ 5 (60)
Historic Downtown 2 BR Luxury near JACK Casino
$49,820
$192
67%
221$50βŒβŒβœ…Y / Y⭐️ 4.8 (263)

Return Metrics

6.17% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$3,026$6,053$9,080$12,107$15,134$30,269$90,808
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$148,000$148,000$148,000$148,000$148,000$148,000$148,000
Down Payment$37,000$37,000$37,000$37,000$37,000$37,000$37,000
Property Appreciation$5,550$11,266$17,154$23,219$29,465$63,624$264,043
Total Return$193,576$202,320$211,235$220,326$229,600$278,894$539,851

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

6.17%

Cap Rate

8.38%

Return on Investment

21.19%

property-location

2222 Detroit Ave 507 Cleveland, Ohio, 44113

2 bed β€’ 2 bath β€’ 6 guests

Est. $887/mo

Agent

Inquire about this property

Contact Agent

$209,300

Zestimate

Cleveland

Guide

Zoning

Market

Guide


Laws


Market Data

49

Airbnb Investor Score

$3,026

Annual Profit

8.4%

Cap Rate

6.2%

Cash on Cash

$33,548

Annual Revenue

This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $225/night at 42% occupancy.Projected nightly rate is $167/night at 55% occupancy.

Top 48% of comparables

Top 28% 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.

$32,941

Avg annual revenue

55%

Avg occupancy rate

$167

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

$20k

$40k

$60k

$80k

Sign up to see the data on 40 all comparables

$3,027

Profit

Revenue

$33,548

Operating Expenses

$18,041

Operating Income

$15,506

Mortgage & Taxes

$12,480

Profit (Cash Flow)

$3,027

$49,050

Cash Investment

Down Payment

$37,000

Renos & Furnishing

$6,500

Closing Costs

$5,550

Total

$49,050

DSCR Ratio

Acceptable

1.24

<0>Get a pre-qualification letter</0>

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

6.17%

Cap Rate

8.38%

Profit (Cummulative)

$3,027

$148,000

$6,500

$5,550

$0

Total Gain

$10,394

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

$8,780

Deductible property tax

$1,831

Your total deduction

$16,198

Your adjusted annual income

$150,000 - $16,198 = $133,802


Taxes on $133,802 (30%)

$40,141

Your old tax bill

$45,000

Your new tax bill

$40,141


Estimated tax savings

$4,859

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:

1,139 sqft

Type:

APARTMENT

Parking:

-

Heating:

-

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: APARTMENT
  • Stories: 1
  • Lot size: -
  • Building area: 1,139 sqft
  • Garage: No
  • Heating:
  • Pool: No
  • Fireplaces: -
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price per square foot: $183

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 00315392
  • Flood Zone: No

Tax Info

  • Year Assessed: 2023
  • Assessed Value: $205,200
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $209,300


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