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Rent from the landlord and list it on Airbnb

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Manage this property for the owner


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BNBCalc Short Term Rental Investment Analysis 23102 Argyle St, Novi, MI 48374

4 bed β€’ 3 bath β€’ 12 guests β€’ $4,300

BNB

Calc

Annual Revenue

$72,559

Profit (Cash Flow)

$49,157

Cap Rate

1149.9%

Annual Revenue

$72,559

AirDNA projects $260/night at 58% occupancy ($55,078). Airbtics projects $301/night at 66% occupancy ($72,559). Airbtics predicts this property will perform in the 53% revenue percentile

BNB Calc projects a 66% occupancy rate, $301 rate per night.

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

Percentiles25%50%75%90%
Revenue$52,425$67,471$80,505$113,268
Occupancy49%72%81%91%
Nightly Rate$228$245$360$456

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
Bright, Spacious Plymouth 4BR - Walk to DT!

No image available

$81,691
$620
36%
443$0❌❌❌Y / Y⭐️ 5 (39)
4 bedroom 2.5 bath home - quiet relaxing patio

No image available

$44,297
$133
91%
432$0βŒβŒβœ…Y / Y⭐️ 4.8 (75)
Entire House - Large Custom Built Plymouth Home

No image available

$114,222
$332
94%
433$0βœ…βŒβœ…Y / Y⭐️ 5 (105)
Bright, Beautiful & Cozy 4BR/2BA Plymouth Getaway!

No image available

$76,947
$438
48%
423$0❌❌❌Y / Y⭐️ 4.9 (35)
Luxury 4-BR Retreat: Space & Elegance!

No image available

$66,156
$241
75%
432$0βŒβœ…βœ…Y / Y⭐️ 4.9 (36)
Attainable Convenient Serenity

No image available

$113,163
$370
83%
432$160βŒβŒβœ…Y / Y⭐️ 5 (11)
Hot Tub β€’ Fire Pit β€’ 4 mins DT β€’ 1000 Mbps

No image available

$58,728
$226
71%
422$0βŒβœ…βœ…Y / Y⭐️ 4.9 (38)
Kid Friendly 4 Bedroom Loft With Free Food

No image available

$24,062
$173
38%
431$0βœ…βŒβŒY / Y⭐️ 4.8 (19)
Large 4 bedroom villa, with patio facing the lake.

No image available

$50,325
$250
55%
432$0βŒβŒβœ…Y / Y⭐️ 4.2 (13)
Fully Renovated Home in Plymouth

No image available

$68,787
$235
73%
421$200βŒβŒβœ…Y / Y⭐️ 5 (44)

Return Metrics

418.74% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$49,156$98,313$147,469$196,626$245,782$491,565$1,474,697
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$3,440$3,440$3,440$3,440$3,440$3,440$3,440
Down Payment$860$860$860$860$860$860$860
Property Appreciation$129$261$398$539$684$1,478$6,137
Total Return$53,585$102,875$152,168$201,466$250,767$497,344$1,485,134

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

418.74%

Cap Rate

1,149.92%

Return on Investment

420.2%

property-location

23102 Argyle St Novi, MI, 48374

4 bed β€’ 3 bath β€’ 12 guests

Est. $21/mo

Agent

This property is for sale!

Contact Agent

11380

Airbnb Investor Score

$49,156

Annual Profit

1149.9%

Cap Rate

418.7%

Cash on Cash

$72,559

Annual Revenue

This property is projected to be in the top 53% revenue percentile compared to similar properties nearby.
AirDNA projects $260/night at 58% occupancy ($55,078.79). Airbtics projects $301/night at 66% occupancy ($72,559).

Top 51% of comparables

Top 31% of comparables


Seasonality

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10

Airbnb Comparables

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

$69,837

Avg annual revenue

66%

Avg occupancy rate

$301

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

$25k

$55k

$85k

$115k

Sign up to see the data on 10 all comparables

$49,157

Profit

Revenue

$72,559

Operating Expenses

$23,113

Operating Income

$49,447

Mortgage & Taxes

$290

Profit (Cash Flow)

$49,157

$11,739

Cash Investment

Down Payment

$860

Renos & Furnishing

$10,750

Closing Costs

$129

Total

$11,739

DSCR Ratio

Strong

170.47

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

418.74%

Cap Rate

1,149.92%

Profit (Cummulative)

$49,157

$3,440

$10,750

$129

$0

Total Gain

$49,328

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

$204

Deductible property tax

$43

Your total deduction

-$45,018

Your adjusted annual income

$150,000 - -$45,018 = $195,018


Taxes on $195,018 (30%)

$58,505

Your old tax bill

$45,000

Your new tax bill

$58,505


Estimated tax savings

-$13,505

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: No
  • Heating:
  • Pool: No
  • Fireplaces: -
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

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

Tax Info

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