3051 Michigan Ave
4 bed • 2 bath • 12 guests
Est. $1,796/mo

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$374,400
Zestimate
Airbnb Investor Score
$1,820
Annual Profit
7.2%
Cap Rate
1.9%
Cash on Cash
$46,846
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
AirDNA projects $283/night at 41% occupancy ($42,379.26). Airbtics projects $242/night at 53% occupancy ($46,846).
Top 53% of comparables
Top 44% of comparables
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40
Airbnb Comparables
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$47,614
Avg annual revenue
53%
Avg occupancy rate
$242
Avg nightly rate
Any type
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Revenue per year
$15k
$45k
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$115k
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$1,820
Profit
Revenue
$46,846
Operating Expenses
$19,770
Operating Income
$27,076
Mortgage & Taxes
$25,256
Profit (Cash Flow)
$1,820
$96,612
Cash Investment
Down Payment
$74,880
Renos & Furnishing
$10,500
Closing Costs
$11,232
Total
$96,612
DSCR Ratio
Acceptable
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
1.88%
Cap Rate
7.23%
STR Tax Calculator (USA)
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
$17,769
Deductible property tax
$3,707
Your total deduction
$36,720
Your adjusted annual income
$150,000 - $36,720 = $113,280
Taxes on $113,280 (30%)
$33,984
Your old tax bill
$45,000
Your new tax bill
$33,984
Estimated tax savings
$11,016
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
7,666 sqft
Year built:
2024
Size:
2,200 sqft
Type:
SINGLE_FAMILY
Parking:
2
Heating:
Central, Electric
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: 1
- Lot size: 7,666 sqft
- Building area: 2,200 sqft
- Garage: Yes
- Heating: Central, electric
- Pool: No
- Fireplaces: 1
- Basement: No
- Cooling: Central Air, Ceiling Fan(s), Electric
- View: -
- Parking: Garage Faces Front, Garage
- Amenities: Dishwasher, Electric Range, Microwave
- Price per square foot: $170
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 00000305542000000
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $85,000
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $374,400
Schools
- Elementary School: Clinton P Russell Elementary School with 3/10 star rating
- Middle School: Boude Storey Middle School with 3/10 star rating
- High School: South Oak Cliff High School with 2/10 star rating