BNBCalc Short Term Rental Investment Analysis 29566 Hoover Rd, Warren, MI 48093

1 bed • 1 bath • 3 guests • $75,000

BNB

Calc

Annual Revenue

$26,115

Profit (Cash Flow)

$3,981

Cap Rate

12.1%

Annual Revenue

$26,115

AirDNA projects $130/night at 55% occupancy ($26,114). Airbtics projects $91/night at 58% occupancy ($19,277). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 55.00000000000001% occupancy rate, $130 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$12,758	$20,015	$27,912	$36,361
Occupancy	46%	62%	75%	80%
Nightly Rate	$75	$86	$99	$120

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
City Center King Suite! Office + Parking + Laundry	$25,824	$98	72%	1	2	28	$150	❌	❌	❌	Y / Y	⭐️ 4.8 (7)
Chill & Peace	$17,328	$72	63%	1	2	1	$50	❌	❌	❌	Y / Y	⭐️ 5 (14)
Cozy & Convenient Upper Duplex	$16,760	$76	52%	1	1	2	$85	❌	❌	❌	Y / Y	⭐️ 4.9 (23)
City Center King Suite! Office + Parking + Laundry	$32,659	$97	92%	1	2	28	$0	❌	❌	❌	Y / Y	⭐️ 4.6 (5)
Quiet, Clean One-Bedroom Condo	$11,983	$41	79%	1	1	4	$15	✅	❌	❌	Y / Y	⭐️ 4.8 (22)
City Center Hideaway	$47,014	$160	76%	1	2	1	$75	❌	❌	✅	Y / Y	⭐️ 5 (3)
Private & Relaxing Loft	$12,078	$75	44%	1	1	1	$0	❌	❌	✅	Y / Y	⭐️ 4.4 (59)
Cozy 1 Bedroom Minutes From Downtown Royal Oak	$16,968	$76	61%	1	1	1	$0	❌	❌	❌	N / N	⭐️ 4.8 (27)

Return Metrics

18.51% cash on cash return is a great return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$3,980	$7,961	$11,942	$15,922	$19,903	$39,807	$119,422
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$60,000	$60,000	$60,000	$60,000	$60,000	$60,000	$60,000
Down Payment	$15,000	$15,000	$15,000	$15,000	$15,000	$15,000	$15,000
Property Appreciation	$2,250	$4,567	$6,954	$9,413	$11,945	$25,793	$107,044
Total Return	$81,230	$87,528	$93,896	$100,336	$106,849	$140,601	$301,466

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

18.51%

Cap Rate

12.05%

Return on Investment

32.4%

29566 Hoover Rd Warren, MI, 48093

1 bed • 1 bath • 3 guests

Purchase Price

Est. $360/mo

This property is for sale!

Contact Agent

Warren

Zoning

Laws

115

Airbnb Investor Score

$3,980

Annual Profit

12.1%

Cap Rate

18.5%

Cash on Cash

$26,115

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $130/night at 55% occupancy.Projected nightly rate is $91/night at 58% occupancy.

Occupancy Rate

Top 61% of comparables

Avg Daily Rate

Top 11% of comparables

Seasonality

10 Airbnb Comparables

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

$20,058

Avg annual revenue

58%

Avg occupancy rate

$91

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

$5k

$20k

$35k

$50k

$3,981

Profit

Revenue

$26,115

Operating Expenses

$17,075

Operating Income

$9,040

Mortgage & Taxes

$5,059

Profit (Cash Flow)

$3,981

$21,500

Cash Investment

Down Payment

$15,000

Renos & Furnishing

$4,250

Closing Costs

$2,250

Total

$21,500

DSCR Ratio

Strong

1.79

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

18.51%

Cap Rate

12.05%

Return on Investment

32.4%

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

$3,560

Deductible property tax

$742

Your total deduction

$4,036

Your adjusted annual income

$150,000 - $4,036 = $145,964

Taxes on $145,964 (30%)

$43,789

Your old tax bill

$45,000

Your new tax bill

$43,789

Estimated tax savings

$1,211

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:

CONDO

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: CONDO

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: 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: -