BNBCalc Short Term Rental Investment Analysis 300 Riverfront Dr 27C, Detroit, MI, 48226

1 bed • 1 bath • 4 guests • $219,100

BNB

Calc

Annual Revenue

$26,794

Profit (Cash Flow)

-$5,149

Cap Rate

4.4%

Annual Revenue

$26,794

AirDNA projects $139/night at 59% occupancy ($29,953). Airbtics projects $131/night at 56% occupancy ($26,794). Airbtics predicts this property will perform in the 45% revenue percentile

BNB Calc projects a 56% occupancy rate, $131 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$17,959	$27,522	$40,809	$54,477
Occupancy	45%	58%	67%	76%
Nightly Rate	$104	$123	$158	$179

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Eclectic industrial Loft in Cortkown	$21,636	$97	57%	1	1	1	$100	❌	❌	✅	N / N	⭐️ 4.5 (48)
Corktown Detroit Brick + Beam Beauty Artist Loft!	$45,303	$174	70%	1	1	3	$120	❌	❌	❌	Y / Y	⭐️ 5 (107)
Downtown Detroit Skyline View w/Free Parking Green	$30,744	$123	64%	1	1	2	$65	❌	❌	❌	Y / Y	⭐️ 5 (182)
Downtown Detroit Chill & Vibe Spot Free Parking	$23,673	$112	54%	1	1	1	$100	✅	❌	❌	N / Y	⭐️ 5 (115)
Gorgeous Downtown Detroit Loft - Fully Equipped	$21,093	$96	44%	1	1	1	$190	❌	❌	✅	Y / Y	⭐️ 4.4 (10)
Downtown Contemporary Style Loft 310	$23,059	$80	76%	1	1	2	$60	❌	❌	❌	Y / Y	⭐️ 5 (257)
Downtown Contemporary Style Loft 313	$19,724	$76	68%	1	1	2	$60	❌	❌	❌	Y / Y	⭐️ 4.5 (125)
Queen G Investments	$18,587	$76	54%	1	1	1	$190	❌	❌	✅	Y / Y	⭐️ 4.9 (9)
Lovely loft with River walk view and free parking	$30,763	$136	61%	1	1	1	$50	❌	❌	✅	Y / Y	⭐️ 4.5 (37)
Corktown Artists Loft Clean/Coffee/Free Parking	$23,828	$111	54%	1	1	1	$90	❌	❌	✅	Y / Y	⭐️ 5 (201)
Apartment in Downtown Detroit	$19,758	$126	41%	1	1	2	$50	✅	❌	❌	Y / Y	⭐️ 5 (12)
Corktown Cottage	$45,906	$179	69%	1	2	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (28)
DTWN Industrial Loft King Bed Free Parking & WiFi	$32,771	$124	69%	1	1	1	$45	❌	❌	❌	Y / Y	⭐️ 5 (168)
Classic Detroit Loft Living in Historic Corktown.	$42,035	$119	94%	1	1	1	$40	❌	❌	❌	Y / Y	⭐️ 5 (168)
Loft in cork-town	$16,213	$39	67%	1	1	1	$150	❌	❌	✅	Y / Y	⭐️ 4.8 (101)
Sonder Gabriel Richard \| Accessible 1BR Apartment	$37,123	$161	63%	1	1	1	$0	❌	❌	❌	Y / Y	⭐️ 4.5 (66)
"The Corner Office" Downtwn Loft Pool Table+Arcade	$28,865	$110	58%	1	1	1	$125	✅	❌	✅	N / Y	⭐️ 5 (99)
Hotel Lager House in Corktown Detroit	$37,095	$204	46%	1	1	1	$125	❌	❌	❌	Y / Y	⭐️ 5 (428)
Bright Cozy Nest 1BR nr Swim Park Casino & Tunnel!	$25,049	$118	58%	1	1	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (53)
Stay downtown and walk everywhere!	$30,508	$120	65%	1	1	1	$70	❌	❌	❌	Y / Y	⭐️ 5 (589)
Walk to Theaters & Stadiums, Large Corner 1BDRM	$24,661	$148	44%	1	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (417)
Historic+Eclectic House Ultreya - Corktown 1 bdrm	$34,475	$105	86%	1	1	1	$75	❌	❌	❌	Y / Y	⭐️ 5 (188)
Best location in Detroit! Historical & Updated	$26,707	$127	56%	1	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (104)
Unique 1 bed 1 bath Free Parking Water & City View	$22,203	$141	41%	1	1	1	$55	✅	✅	✅	Y / Y	⭐️ 4.5 (66)
Hoops Place	$22,747	$113	55%	1	1	1	$0	❌	❌	❌	N / Y	⭐️ 5 (170)
Sonder Gabriel Richard \| One-Bedroom Apartment	$17,158	$293	16%	1	1	1	$0	❌	❌	❌	Y / Y	⭐️ 4.5 (266)
💎LUXURY💎 Exposed Brick Apt in the Art District	$25,188	$101	64%	1	1	1	$85	❌	❌	❌	Y / Y	⭐️ 4.9 (208)
ZayyBNB 2 story loft Great view	$20,480	$143	37%	1	1	1	$60	❌	❌	✅	Y / Y	⭐️ 4 (8)
Downtown Chic / Newly Renovated	$21,433	$96	61%	1	1	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (182)
Sunny Loft in heart of Corktown/ Old Tiger Stadium	$31,098	$224	35%	1	1	1	$100	❌	❌	❌	Y / Y	⭐️ 5 (57)
Open Loft w/Water Bridge View 2 min to Dwntn	$15,066	$157	25%	1	1	1	$45	❌	❌	❌	N / N	⭐️ 4.5 (55)
Elevated Retreat: Downtown Detroit Loft + Parking	$44,534	$169	72%	1	1	1	$0	❌	❌	✅	Y / Y	⭐️ 5 (295)
Downtown Loft 1BdR. CozC Detroit	$21,316	$182	32%	1	1	1	$0	❌	❌	❌	Y / Y	⭐️ 5 (110)
Industrial split level loft in Detroit’s Corktown	$36,459	$143	65%	1	2	1	$75	❌	❌	✅	N / N	⭐️ 4.5 (219)
Pool Table Loft Downtown	$19,164	$68	77%	1	1	1	$0	✅	❌	✅	Y / N	⭐️ 5 (48)
Elevated Retreat Downtown Loft Bridge View+Parking	$37,785	$178	58%	1	1	1	$0	❌	❌	❌	Y / Y	⭐️ 5 (47)
Zen Den Downtown loft W/KING BED & massage table	$21,501	$55	62%	1	1	1	$150	❌	❌	✅	Y / Y	⭐️ 5 (252)
Beautiful Downtown Detroit Loft w/ Free Parking	$33,850	$111	80%	1	1	2	$75	❌	❌	✅	N / Y	⭐️ 5 (82)
Welcome to Downtown Detroit!	$17,773	$179	24%	1	1	1	$140	❌	❌	✅	N / N	⭐️ 5 (23)
Sonder The Randolph \| One-Bedroom Apartment	$21,847	$127	47%	1	1	1	$0	❌	❌	❌	Y / Y	⭐️ 4.8 (143)

Return Metrics

-9.42% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$5,148	-$10,297	-$15,446	-$20,595	-$25,743	-$51,487	-$154,462
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$175,280	$175,280	$175,280	$175,280	$175,280	$175,280	$175,280
Down Payment	$43,820	$43,820	$43,820	$43,820	$43,820	$43,820	$43,820
Property Appreciation	$6,573	$13,343	$20,316	$27,498	$34,896	$75,352	$312,713
Total Return	$220,524	$222,145	$223,970	$226,003	$228,253	$242,964	$377,350

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-9.42%

Cap Rate

4.39%

Return on Investment

6.54%

300 Riverfront Dr Detroit, Michigan, 48226

1 bed • 1 bath • 4 guests

Purchase Price

Est. $1,051/mo

Inquire about this property

Contact Agent

$219,100

Zestimate

Detroit

Guide

Zoning

Market

Guide

Laws

Market Data

-29

Airbnb Investor Score

-$5,148

Annual Profit

4.4%

Cap Rate

-9.4%

Cash on Cash

$26,794

Annual Revenue

BNBCalc predicts this property will get $131 per night with 56% occupancy, putting it in the top 45% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 58% of comparables

Avg Daily Rate

Top 44% of comparables

Seasonality

40 Airbnb Comparables

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

$27,229

Avg annual revenue

56%

Avg occupancy rate

$131

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

$25k

$35k

$45k

-$5,149

Profit

Revenue

$26,794

Operating Expenses

$17,163

Operating Income

$9,631

Mortgage & Taxes

$14,780

Profit (Cash Flow)

-$5,149

$54,643

Cash Investment

Down Payment

$43,820

Renos & Furnishing

$4,250

Closing Costs

$6,573

Total

$54,643

DSCR Ratio

Weak

0.65

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-9.42%

Cap Rate

4.39%

Return on Investment

6.54%

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

$10,399

Deductible property tax

$2,169

Your total deduction

$27,441

Your adjusted annual income

$150,000 - $27,441 = $122,559

Taxes on $122,559 (30%)

$36,768

Your old tax bill

$45,000

Your new tax bill

$36,768

Estimated tax savings

$8,232

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:

1996

Size:

620 sqft

Type:

CONDO

Parking:

Heating:

Electric, Forced Air

Sold Comparables

Property Details

MLS Status: N/A

Property Use: CONDO

Stories: -

Lot size: -

Building area: 620 sqft

Garage: Yes

Heating: Electric, forced air

Pool: Yes

Fireplaces: -

Basement: No

Cooling: Central Air, Wall Units

View: -

Parking: Sixor More Car Garage, Detached, Parking Structure

Amenities: Disposal, Dryer, Exhaust Fan, ENERGYSTAR Qualified Dishwasher, ENERGYSTAR Qualified Refrigerator, Free Standing Electric Oven, Microwave, Vented Exhaust Fan, Washer

Price per square foot: $353

Lot Info

Zoning: -

Land Use: -

Parcel Number: 06000002.065

Flood Zone: No

Tax Info

Year Assessed:

Assessed Value: $143,400

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $219,100

Schools

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