4326 Norway St Holt, Michigan, 48842
4 bed • 2.5 bath • 12 guests
Est. $1,056/mo
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$417,200
Zestimate
Airbnb Investor Score
$5,580
Annual Profit
9.3%
Cap Rate
9.1%
Cash on Cash
$39,213
Annual Revenue
BNBCalc predicts this property will get $295 per night with 60% occupancy, putting it in the top 49% revenue percentile compared to similar properties nearby.
Top 75% of comparables
Top 54% of comparables
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Airbnb Comparables
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$61,587
Avg annual revenue
60%
Avg occupancy rate
$295
Avg nightly rate
Any type
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Any min stay
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Revenue per year
$15k
$55k
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$135k
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$5,581
Profit
Revenue
$39,213
Operating Expenses
$18,778
Operating Income
$20,435
Mortgage & Taxes
$14,854
Profit (Cash Flow)
$5,581
$61,271
Cash Investment
Down Payment
$44,040
Renos & Furnishing
$10,625
Closing Costs
$6,606
Total
$61,271
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
9.1%
Cap Rate
9.28%
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
$10,451
Deductible property tax
$2,180
Your total deduction
$20,791
Your adjusted annual income
$150,000 - $20,791 = $129,209
Taxes on $129,209 (30%)
$38,763
Your old tax bill
$45,000
Your new tax bill
$38,763
Estimated tax savings
$6,237
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
5,227 sqft
Year built:
2010
Size:
1,776 sqft
Type:
CONDO
Parking:
-
Heating:
Forced Air Unit
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 4321 Norway St | 3 | 2 | 1,777 | - | 5,663 | 2019 | $0 | - |
| 4348 Norway St | 3 | 2 | 1,669 | - | 6,534 | 2018 | $315,000 | - |
| 4330 Norway St | 3 | 1 | 1,720 | - | 5,227 | 2008 | $273,000 | - |
| 2553 Winterberry St | 3 | 2 | 1,680 | - | 5,227 | 2014 | $330,000 | - |
| 2540 Winterberry St | 3 | 2 | 1,463 | - | 5,227 | 2007 | $262,000 | - |
| 4331 Norway St | 3 | 2 | 1,904 | - | 5,663 | 2020 | $322,500 | - |
| 2510 Winterberry St | 3 | 2 | 1,592 | - | 5,663 | 2020 | $294,500 | - |
| 4345 Norway St | 3 | 3 | 1,582 | - | 5,663 | 2023 | $325,000 | - |
| 2539 Limerick Cir | 2 | 2 | 1,187 | - | 0 | 2003 | $282,900 | - |
| 2589 Limerick Cir | 2 | 2 | 1,005 | - | 0 | 2004 | $252,500 | - |
Property Details
- MLS Status: N/A
- Property Use: Condominium Unit (Residential)
- Stories: -
- Lot size: 5,227 sqft
- Building area: 1,776 sqft
- Garage: Yes
- Heating: Forced air unit
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: PD
- Land Use: Residential
- Parcel Number: 33-25-05-11-378-030
- Flood Zone: No
Tax Info
- Year Assessed: 2021
- Assessed Value: $140,100
- County Est. Land Value: $60,000
- Assessed Land Value: $30,000
- County Est. Structure Value: $220,200
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 08/16/19 | $217,500 | 97% | Loi Tran, Kristi Tran |
| 06/02/11 | $172,500 | 100% | Andrew G Pick, Melissa A Dean |
| 12/07/10 | $20,000 | 100% | Eastbrook Homes Inc |
| 06/07/10 | $0 | 0% | Eastbrook Homes Inc |
Ownership
- Name: Loi Tran
- Owner Occupied: Yes
- Owner Mailing Address: 200 Gatewood Dr, Holt, MI 48842
- Years Owned: 64
- Home Equity: $115,025
- Mortgage Balance Remaining: $210,975
- Financed amount: -
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No