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BNBCalc Short Term Rental Investment Analysis 29672 Fairfax Street, Southfield, MI

3 bed • 1 bath • 9 guests • $203,100

BNB

Calc

Annual Revenue

$44,633

Profit (Cash Flow)

$4,815

Cap Rate

12.4%

Annual Revenue

$44,633

AirDNA projects $176/night at 48% occupancy ($30,855). Airbtics projects $188/night at 65% occupancy ($44,632). Airbtics predicts this property will perform in the 52% revenue percentile

BNB Calc projects a 65% occupancy rate, $188 rate per night.

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

Percentiles25%50%75%90%
Revenue$27,715$40,885$57,548$76,432
Occupancy53%67%77%81%
Nightly Rate$137$160$194$245

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
Detroit Vs. Everybody House
$39,873
$158
67%
32.52$125❌❌❌Y / Y⭐️ 5 (73)
Family-Friendly Getaway Ping Pong, Pit & Hammock
$27,865
$146
48%
311$85❌❌✅Y / Y⭐️ 5 (28)
Pet-Friendly Southfield House w/ Ping-Pong Table!
$22,012
$128
40%
312$155❌❌✅Y / Y⭐️ 0 (1)
Modern Zen Farmhouse will relax and rejuvenate you
$33,610
$138
64%
31.51$165❌❌❌Y / Y⭐️ 4.5 (22)
The Pride of Berkley
$51,760
$146
91%
311$125❌✅✅Y / Y⭐️ 5 (111)
Modern 3BR Oasis in Beverly Hills | Sleeps 7
$44,448
$144
77%
311$150❌❌✅Y / Y⭐️ 4.5 (65)
NEW! Super Cute, Cozy, PET Friendly Home
$38,245
$245
42%
32.52$75❌❌✅Y / Y⭐️ 5 (54)
Luxurious 3BD in Downtown Birmingham
$33,707
$100
81%
321$150❌❌✅Y / Y⭐️ 4.5 (45)
Stylish Downtown Royal Oak Home – 3BR, Sleeps 6
$32,529
$104
74%
31.51$150❌❌✅Y / Y⭐️ 4.5 (33)
Mid-Century Modern Elegance
$23,832
$62
90%
311$100❌❌✅Y / Y⭐️ 5 (88)
Royal Oak's Craftsmen Bungalow
$59,180
$226
67%
32.52$250✅✅✅Y / Y⭐️ 5 (55)
Relax in this Renovated Royal Oak Retreat
$37,530
$169
58%
322$150❌❌❌Y / Y⭐️ 5 (54)
Spotless Home W/Lots of Activities.Best Location
$44,925
$172
66%
322$130✅❌❌Y / Y⭐️ 5 (45)
Comfy 3BD RM Patio Near Hospital DT Royal Oak Zoo
$38,808
$152
66%
312$130❌❌❌Y / Y⭐️ 5 (54)
Cruisin' Royal Oak 3 BD/1.5 BA Home *Birmingham*
$36,583
$136
68%
31.53$160❌❌✅Y / Y⭐️ 5 (54)
Industrial Chic Royal Oak Home 3 BD/1.5 BA
$41,070
$136
77%
31.53$160❌❌✅Y / Y⭐️ 5 (66)
Vietnam-Inspired Bungalow, Royal Oak
$32,448
$130
66%
312$80❌❌✅Y / Y⭐️ 5 (114)
Elegant home w/ backyard oasis. Walk to Royal Oak!
$55,591
$191
78%
323$175❌❌❌Y / Y⭐️ 5 (72)
Birmingham Bohemian Chic
$42,297
$133
85%
31.53$150❌❌✅Y / Y⭐️ 5 (94)
KidsPlayRoom/FirePit/WalkToHospital/BBQ/GameRoom
$66,337
$221
76%
322$250❌❌✅Y / Y⭐️ 5 (26)
The Rock B&B w/ Firepit Near Downtown Birmingham
$49,391
$164
79%
311$150❌❌❌Y / Y⭐️ 5 (68)
Birdhouse Bham ★ 86" TV ★ Sonos Spkrs ★ Massage Chairs ★ Desk ★ Retro Arcade
$56,570
$190
77%
311$138❌❌❌Y / Y⭐️ 5 (88)
Perfect 3 Bed 1.5 Bath townhouse in Royal Oak MI
$41,469
$160
68%
31.52$150❌❌✅Y / Y⭐️ 5 (42)
Hide away off Woodward in Royal Oak mins from 696
$45,770
$161
76%
31.53$75❌❌❌Y / Y⭐️ 5 (33)
Spacious Designer Home near DWTN RO and Woodward!
$40,569
$204
52%
31.5365$200❌❌✅Y / Y⭐️ 5 (19)
Luxurious Walk-to-Town Charmer: Birmingham House
$89,366
$474
51%
334$200❌❌❌Y / Y⭐️ 5 (141)
Cute, Cozy and Spacious Berkley Bungalow!
$34,471
$185
50%
313$90❌❌❌Y / Y⭐️ 5 (14)
Welcome to Birmingham, MI
$47,820
$208
55%
313$175❌❌❌Y / Y⭐️ 4.8 (13)
Ambient Main Street Royal Oak Home
$25,396
$136
48%
312$150❌❌✅Y / Y⭐️ 5 (27)
Cozy 3 Bed Apt in heart of Downtown Birmingham (7)
$51,683
$193
70%
313$99❌❌❌Y / Y⭐️ 5 (73)
2 min walk to downtown Royal Oak, entire 3 BR home
$49,683
$169
78%
31.52$130❌❌✅Y / Y⭐️ 5 (112)
Beautifully Curated Family Home in N. Royal Oak!
$46,801
$199
61%
31.53$175❌❌✅Y / Y⭐️ 5 (12)
Gorgeous Berkley 3BR/2.5BA Home w/ Loft Suite
$57,354
$276
54%
32.53$175❌❌❌Y / Y⭐️ 5 (16)
3BD/2BA Near *Downtown Royal Oak*Birmingham*Troy
$41,786
$147
75%
323$150❌❌✅Y / Y⭐️ 5 (130)
Yardie Comfort Stay!
$30,032
$183
42%
322$100❌❌❌Y / Y⭐️ 5 (20)
Newly remodeled 3 bedroom ranch.
$37,862
$121
81%
312$100❌❌❌Y / Y⭐️ 5 (36)
Elegant bungalow: Steps from Beaumont, Full luxury
$61,224
$253
65%
31.51$150❌❌❌Y / Y⭐️ 5 (33)
Southfield Hospitality
$45,347
$159
77%
32.52$60❌❌✅Y / Y⭐️ 4.5 (10)
The Royal W
$28,414
$156
46%
322$150❌❌❌Y / Y⭐️ 5 (25)

Return Metrics

8.76% cash on cash return is a solid return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$4,815$9,630$14,445$19,260$24,076$48,152$144,457
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$162,479$162,479$162,479$162,479$162,479$162,479$162,479
Down Payment$40,620$40,620$40,620$40,620$40,620$40,620$40,620
Property Appreciation$6,093$12,368$18,832$25,490$32,348$69,849$289,877
Total Return$214,008$225,099$236,378$247,851$259,524$321,101$637,434

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

8.76%

Cap Rate

12.38%

Return on Investment

22.57%

property-location

29672 Fairfax St Southfield, Michigan, 48076

3 bed • 1 bath • 9 guests

$203,100

Zestimate

Southfield

Zoning


Laws

71

Airbnb Investor Score

$4,815

Annual Profit

12.4%

Cap Rate

8.8%

Cash on Cash

$44,633

Annual Revenue

This property is projected to be in the top 52% revenue percentile compared to similar properties nearby.
Projected nightly rate is $176/night at 48% occupancy.Projected nightly rate is $188/night at 65% occupancy.

Top 61% of comparables

Top 31% 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.

$43,391

Avg annual revenue

65%

Avg occupancy rate

$188

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

$20k

$45k

$65k

$90k

Sign up to see the data on 40 all comparables

$4,815

Profit

Revenue

$44,633

Operating Expenses

$19,482

Operating Income

$25,151

Mortgage & Taxes

$20,335

Profit (Cash Flow)

$4,815

$54,963

Cash Investment

Down Payment

$40,620

Renos & Furnishing

$8,250

Closing Costs

$6,093

Total

$54,963

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

8.76%

Cap Rate

12.38%

Profit (Cummulative)

$4,815

$162,480

$8,250

$6,093

$0

Total Gain

$12,406

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

$12,083

Deductible property tax

$6,702

Your total deduction

$16,945

Your adjusted annual income

$150,000 - $16,945 = $133,055


Taxes on $133,055 (30%)

$39,917

Your old tax bill

$45,000

Your new tax bill

$39,917


Estimated tax savings

$5,083

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:

6,534 sqft

Year built:

1958

Size:

1,050 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: 6,534 sqft
  • Building area: 1,050 sqft
  • Garage: No
  • Heating: Forced air, natural gas
  • Pool: No
  • Fireplaces: -
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: No Garage, Carport
  • Amenities: Dishwasher, Disposal, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Range Hood
  • Price per square foot: $193

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 2412433002
  • Flood Zone: No

Tax Info

  • Year Assessed: 2024
  • Assessed Value: $28,835
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $203,100


Schools

  • Middle School: Glenn W. Levey Middle School with 2/10 star rating
  • High School: Southfield High School for the Arts and Technology with 4/10 star rating