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BNBCalc Short Term Rental Investment Analysis 3051 Michigan Ave, , ,

4 bed • 2 bath • 12 guests • $374,400

BNB

Calc

Annual Revenue

$46,846

Profit (Cash Flow)

$1,820

Cap Rate

7.2%

Annual Revenue

$46,846

AirDNA projects $283/night at 41% occupancy ($42,379). Airbtics projects $242/night at 53% occupancy ($46,846). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 53% occupancy rate, $242 rate per night.

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

Percentiles25%50%75%90%
Revenue$24,382$44,334$73,863$112,781
Occupancy40%54%69%74%
Nightly Rate$154$211$278$395

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
4BR Home w/ Hot Tub, Fire Pit & large Yard!

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$184
74%
421$200❌✅✅Y / Y⭐️ 5 (138)
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$269
63%
42.51$175❌❌✅Y / Y⭐️ 5 (125)
Cozy, Chic Retreat in Dallas

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$41,889
$125
84%
431$150❌❌✅Y / Y⭐️ 5 (115)
New-Build 4BR Urban Retreat Near Attractions

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$59,598
$257
60%
422$175❌❌❌Y / Y⭐️ 5 (61)
Avant Retreat Dallas by Deity Villas

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$32,790
$134
55%
421$200✅❌❌Y / Y⭐️ 5 (3)
Contemporary Residence in Dallas by Deity Villas

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$31,381
$127
55%
421$200✅❌❌Y / Y⭐️ 4 (10)
Welcome 2 Dallas - 4 Miles to Downtown - Updated!

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$44,822
$207
54%
423$195❌❌✅Y / Y⭐️ 5 (18)
Lavish Getaway in Central Dallas by Deity Villas

No image available

$33,394
$137
55%
421$200✅❌❌Y / Y⭐️ 4.5 (28)
New luxury, Modern Dallas Home

No image available

$45,373
$157
72%
422$250❌❌❌Y / Y⭐️ 4.8 (40)
Retroland! | Hot Tub + Pool | Arcade | 7 min Dtown

No image available

$98,748
$386
65%
42.51$230✅✅✅Y / Y⭐️ 5 (121)
Your Vibrant Dallas Getaway Home

No image available

$111,709
$602
49%
421$207❌❌✅Y / Y⭐️ 5 (60)
Mediterranean Oasis - 5 Beds - 3 Desks

No image available

$33,461
$114
74%
422$150❌❌✅Y / Y⭐️ 4.5 (156)
Spacious Home in the Heart of Bishop Arts Dallas

No image available

$32,718
$203
43%
423$150❌❌✅Y / Y⭐️ 4.5 (45)
Herdon Park Hideaway - Pool, 10 Min to Downtown!

No image available

$28,855
$154
47%
422$150✅❌❌Y / Y⭐️ 3.4 (12)
4 Bedroom Home + Close to Downtown and VA Hospital

No image available

$87,481
$472
49%
422$200❌❌❌Y / Y⭐️ 4.8 (16)
Bishop Arts Home - Sleeps 10!

No image available

$42,046
$263
43%
423$150❌❌❌Y / Y⭐️ 5 (83)
4 Bed | 8 guests | 5 Mins To Bishop Arts!

No image available

$32,674
$122
71%
42.52$175❌❌❌Y / Y⭐️ 5 (44)
Pool Home 5 Minutes from Bishop Art. Centric Area!

No image available

$80,168
$402
52%
432$235✅❌❌Y / Y⭐️ 5 (16)
4 BR | Gated Parking | Sleeps 8

No image available

$39,940
$155
65%
421$145❌❌❌Y / N⭐️ 4.2 (48)
Game Room, hot tub near Bishop Arts & DT Dallas.

No image available

$100,610
$357
77%
421$0✅✅✅Y / Y⭐️ 5 (157)
Walkable Luxury Modern Dallas BishopArts +Downtown

No image available

$43,863
$139
81%
421$165❌❌❌Y / Y⭐️ 5 (274)
The Charmer in Bishop Arts

No image available

$57,690
$222
71%
422$0❌❌❌Y / Y⭐️ 5 (25)
Winnetka Heights Hideaway - Private Home w/Pool!

No image available

$29,905
$175
41%
422$175✅❌❌Y / Y⭐️ 4.5 (173)
10 minutes away from Downtown D

No image available

$51,972
$200
71%
432$0❌❌❌Y / Y⭐️ 5 (31)
Family Cottage in Dallas Bishop Arts - 4BR 6 BEDS

No image available

$48,461
$154
83%
432$150❌❌✅Y / Y⭐️ 4.5 (188)
Bright and Stylish Home

No image available

$43,577
$163
69%
422$150❌❌❌Y / Y⭐️ 4.5 (18)
modern home Near bishop arts.Urban 4 bedroom 4bath

No image available

$35,515
$259
35%
442$250❌❌❌Y / Y⭐️ 4.6 (41)
Paradise Bungalow | Bishop Arts

No image available

$32,666
$255
35%
4230$0❌❌❌Y / Y⭐️ 0 (0)
*Craftsman's Paradise - 12 Guest Gorgeous Home*

No image available

$66,529
$395
44%
442$200❌❌✅Y / Y⭐️ 5 (64)
Huge Pet Friendly Home in Dallas

No image available

$38,301
$161
65%
431$0❌❌✅Y / Y⭐️ 5 (19)
Modern house-Close to major attractions-Dallas, TX

No image available

$43,854
$286
38%
421$220❌❌✅Y / Y⭐️ 4.5 (21)
Close to everything in Dallas

No image available

$40,574
$241
46%
42.51$0❌❌✅Y / Y⭐️ 5 (40)
4 Bedroom Home + Close to Downtown and VA Hospital

No image available

$28,695
$196
40%
421$0❌❌❌Y / Y⭐️ 4.5 (13)
BOHO Living @ BishopArts & Dntwn

No image available

$62,631
$276
62%
421$175❌❌✅Y / Y⭐️ 4.5 (30)
Brand New Lovely Inviting 4BDR Home near Downtown

No image available

$57,900
$452
35%
422$0❌❌❌Y / Y⭐️ 4.5 (6)

Return Metrics

1.88% cash on cash return is a fair return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$1,820$3,640$5,461$7,281$9,101$18,203$54,610
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$299,520$299,520$299,520$299,520$299,520$299,520$299,520
Down Payment$74,880$74,880$74,880$74,880$74,880$74,880$74,880
Property Appreciation$11,232$22,800$34,716$46,990$59,632$128,762$534,367
Total Return$387,452$400,841$414,578$428,671$443,133$521,365$963,377

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

1.88%

Cap Rate

7.23%

Return on Investment

17.31%

property-location

3051 Michigan Ave

4 bed • 2 bath • 12 guests

Est. $1,796/mo

Agent

Inquire about this property

Contact Agent

$374,400

Zestimate

27

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


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.

$47,614

Avg annual revenue

53%

Avg occupancy rate

$242

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

$45k

$80k

$115k

Sign up to see the data on 40 all comparables

$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

1.07

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

1.88%

Cap Rate

7.23%

Profit (Cummulative)

$1,820

$299,520

$10,500

$11,232

$0

Total Gain

$16,730

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

$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

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:

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