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BNBCalc Short Term Rental Investment Analysis 2299 Pingree St, Detroit, MI, 48206

5 bed • 4 bath • 15 guests • $409,000

BNB

Calc

Annual Revenue

$41,886

Profit (Cash Flow)

-$4,829

Cap Rate

5.6%

Annual Revenue

$41,886

AirDNA projects $481/night at 47% occupancy ($82,570). Airbtics projects $244/night at 47% occupancy ($41,886). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 47% occupancy rate, $244 rate per night.

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

Percentiles25%50%75%90%
Revenue$22,425$43,518$65,248$94,448
Occupancy36%49%56%68%
Nightly Rate$162$232$306$363

Seasonality (Profit by Month)

Sign up to view the full seasonality chart

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Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
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41%
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$480
51%
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$251
57%
532$300❌❌❌Y / Y⭐️ 5 (147)
Boston Edison District Beautiful 4 BD/2.5 BA Home

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$48,551
$172
75%
42.53$190✅❌✅Y / Y⭐️ 5 (57)
The Carey House-Whole Home Rental

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$355
33%
43.51$150❌❌❌Y / Y⭐️ 5 (93)
Midtown 4 BD Home Near Downtown Detroit* Hot Tub!*

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$213
62%
42.53$225❌✅✅Y / Y⭐️ 5 (30)
Winter Deals! Motown Hangout Near Henry Ford

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$151
48%
41.53$175❌❌✅Y / Y⭐️ 4.5 (71)
Winter Deals! Motown Hangout Near Henry Ford

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$29,840
$156
48%
41.53$150❌❌✅Y / Y⭐️ 4.5 (20)
Heart of Motown mintutes to ford field & downtown

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$58,079
$304
50%
64.52$220❌✅❌Y / Y⭐️ 5 (123)
The Virginian - Detroit Lions

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$68,479
$490
37%
52.52$175❌❌❌Y / Y⭐️ 5 (35)
Modern Classic Home-Sleeps 11-Renovated

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$259
50%
422$195❌❌❌Y / Y⭐️ 5 (31)
Famous DLY Guest Home, Gated Parking & Great Vibes

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$28,644
$125
57%
421$100❌❌✅Y / Y⭐️ 5 (486)
4 Bedroom Home with easy access to downtown.

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$33,274
$154
56%
412$55❌❌❌Y / Y⭐️ 5 (80)
Fantastic 5 Bdrm - Stylish and Newly Renovated

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$51,694
$266
50%
522$250❌❌❌Y / Y⭐️ 5 (99)
Close to Downtown and Midtown - Sleeps 12

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$38,416
$248
39%
512$250❌❌❌Y / Y⭐️ 5 (123)
Russell Woods - 4 bdrm- Spacious - Sleeps up to 12

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$42,220
$164
70%
42.53$50❌❌✅Y / Y⭐️ 5 (200)
Historic District home w/ pool table and arcade

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$53,381
$272
49%
53.52$250✅❌❌Y / Y⭐️ 5 (51)
American Four Square in Atkinson Historic District

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$30,474
$154
52%
432$125✅❌✅N / N⭐️ 4.5 (59)
5 Bedrooms - 7 Beds - 10 Mins to Downtown

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$72,076
$316
60%
522$250❌❌❌Y / Y⭐️ 5 (29)
Modern Farmhouse Oasis, Group Stay, Telsa Charging

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$41,995
$222
49%
62.52$200❌❌❌Y / Y⭐️ 5 (22)
Detroit Beautiful Historic Home

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$51,386
$399
35%
51.53$125❌❌✅Y / Y⭐️ 5 (41)
the McCoy house/Great Deck & Fire Pit

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$45,769
$223
52%
41.52$250❌❌✅Y / Y⭐️ 5 (33)
Quiet Home 10 min to Downtown

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$33,380
$228
40%
642$0❌❌❌Y / Y⭐️ 0 (2)
Zen Atmosphere near Midtown & Downtown Detroit

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$20,453
$127
44%
411$0❌❌✅Y / Y⭐️ 0 (4)
Delightful Experience near Downtown Detroit

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$23,410
$123
52%
413$0❌❌✅Y / Y⭐️ 4.5 (12)
Welcome To Detroit House - Near Downtown!

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$80,580
$314
68%
62.59$225❌❌❌Y / Y⭐️ 5 (28)
Downtown Detroit 4Bd Home | 8 Guests | Museums

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$32,027
$159
53%
432$55❌❌❌Y / Y⭐️ 4.5 (10)
[4BD]-Henry Ford/New Center/Motown Museum & More!

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$40,604
$183
53%
421$250❌❌✅Y / Y⭐️ 4.7 (24)
Hackney House-Whole Home-Mature Guests

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$41,376
$338
32%
42.51$150❌❌❌N / Y⭐️ 5 (33)
Delightful Experience near Downtown Detroit

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$25,266
$177
39%
411$0❌❌✅Y / Y⭐️ 3.6 (5)
Content House of Aweke & Leff large home

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$33,729
$256
36%
532$0❌❌❌N / N⭐️ 4 (7)
6 Bedroom | DIA | Museums | Galleries | Street Art

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$62,637
$250
67%
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Comfortable 4-Bedroom Detroit Home | Near Museums

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$47,141
$184
70%
411$0❌❌✅Y / Y⭐️ 3.7 (10)

Return Metrics

-4.51% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)-$4,828-$9,657-$14,486-$19,315-$24,144-$48,288-$144,866
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$327,200$327,200$327,200$327,200$327,200$327,200$327,200
Down Payment$81,800$81,800$81,800$81,800$81,800$81,800$81,800
Property Appreciation$12,270$24,908$37,925$51,333$65,143$140,661$583,750
Total Return$416,441$424,250$432,438$441,017$449,998$501,373$847,884

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

-4.51%

Cap Rate

5.56%

Return on Investment

10.7%

property-location

2299 Pingree St Detroit, Michigan, 48206

5 bed • 4 bath • 15 guests

Est. $1,962/mo

Agent

Inquire about this property

Contact Agent

$409,000

Zestimate

Detroit

Guide

Zoning

Market

Guide


Laws


Market Data

-5

Airbnb Investor Score

-$4,828

Annual Profit

5.6%

Cap Rate

-4.5%

Cash on Cash

$41,886

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $481/night at 47% occupancy.Projected nightly rate is $244/night at 47% occupancy.

Top 58% of comparables

Top 46% of comparables


Seasonality

Sign up to view the full seasonality chart

40

Airbnb Comparables

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

$42,738

Avg annual revenue

47%

Avg occupancy rate

$244

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

$15k

$40k

$65k

$95k

Sign up to see the data on 40 all comparables

-$4,829

Profit

Revenue

$41,886

Operating Expenses

$19,125

Operating Income

$22,761

Mortgage & Taxes

$27,590

Profit (Cash Flow)

-$4,829

$107,070

Cash Investment

Down Payment

$81,800

Renos & Furnishing

$13,000

Closing Costs

$12,270

Total

$107,070

DSCR Ratio

Weak

0.82

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

-4.51%

Cap Rate

5.56%

Profit (Cummulative)

-$4,829

$327,200

$13,000

$12,270

$0

Total Gain

$11,459

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

$19,412

Deductible property tax

$4,049

Your total deduction

$47,142

Your adjusted annual income

$150,000 - $47,142 = $102,858


Taxes on $102,858 (30%)

$30,857

Your old tax bill

$45,000

Your new tax bill

$30,857


Estimated tax savings

$14,143

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:

4,356 sqft

Year built:

1921

Size:

2,618 sqft

Type:

SINGLE_FAMILY

Parking:

-

Heating:

Forced air, Gas

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: SINGLE_FAMILY
  • Stories: -
  • Lot size: 4,356 sqft
  • Building area: 2,618 sqft
  • Garage: No
  • Heating: Forced air, gas
  • Pool: No
  • Fireplaces: -
  • Basement: Yes
  • Cooling: Central
  • View: -
  • Parking: Garage - Detached
  • Amenities: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
  • Price per square foot: $156

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 10001853
  • Flood Zone: No

Tax Info

  • Year Assessed: 2024
  • Assessed Value: $15,600
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $409,000


Schools

  • High School: Northwestern High School with 3/10 star rating