BNBCalc Short Term Rental Investment Analysis 55 W Canfield St 31, Detroit, MI 48201

1 bed • 1 bath • 3 guests • $229,900

BNB

Calc

Annual Revenue

$26,648

Profit (Cash Flow)

-$6,004

Cap Rate

4.1%

Annual Revenue

$26,648

AirDNA projects $149/night at 55% occupancy ($29,931). Airbtics projects $128/night at 57% occupancy ($26,648). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 57% occupancy rate, $128 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$16,570	$25,235	$42,000	$60,766
Occupancy	46%	56%	68%	78%
Nightly Rate	$91	$115	$160	$203

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Rendezvous in Midtown	$20,483	$143	38%	1	2	1	$55	❌	❌	✅	Y / Y	⭐️ 4.8 (112)
Charming Lower-Level Flat, Walk to Sports Stadiums	$56,817	$218	68%	1	2	2	$120	❌	❌	❌	Y / Y	⭐️ 5 (62)
The Midtown Garden	$21,582	$118	41%	1	1	1	$125	❌	❌	❌	Y / Y	⭐️ 4.8 (44)
1890's Stone and Brick Garden Loft	$31,120	$124	65%	1	1	1	$45	❌	❌	❌	N / Y	⭐️ 4.8 (922)
The Midtown “Look Out”	$24,696	$95	67%	1	1	1	$40	❌	❌	❌	N / Y	⭐️ 4.9 (161)
Midtown Crow's Nest	$20,532	$111	41%	1	1	1	$125	❌	❌	❌	Y / Y	⭐️ 4.9 (107)
Midtown retreat	$18,333	$96	50%	1	1	1	$45	❌	❌	✅	Y / Y	⭐️ 4.8 (399)
Spacious Bi-Level Midtown Loft w/ Gated Parking!	$30,039	$87	89%	1	1	3	$130	❌	❌	✅	Y / Y	⭐️ 4.7 (145)
Modern and Stylish Historic Apartment	$35,649	$159	59%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 4.9 (133)
Stylish & quiet 1BR w/free Wi-Fi	$32,055	$112	69%	1	1	1	$150	❌	❌	✅	Y / Y	⭐️ 4.7 (36)
Premium Bi-level Apartment in Heart of Midtown!	$31,685	$103	81%	1	1	2	$95	❌	❌	❌	Y / Y	⭐️ 4.8 (122)
Cozy Traveler's Den with Queen Bed	$28,804	$99	76%	1	1	2	$90	❌	❌	❌	Y / Y	⭐️ 4.8 (85)
Victorian 1890's Midtown Home	$25,314	$93	71%	1	1	1	$39	❌	❌	❌	N / Y	⭐️ 4.8 (629)
WALK to DMC~/1 BR w/ free Wi-Fi!	$19,532	$61	78%	1	1	1	$150	❌	❌	✅	Y / Y	⭐️ 4.6 (26)
Bright and Spacious Midtown Getaway with King Bed	$41,185	$160	66%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 4.8 (146)
Loft in 1920's Industrial Building	$41,012	$193	57%	1	1	3	$75	❌	❌	❌	Y / Y	⭐️ 5 (153)
Chic Detroit Art Loft in Heart of Midtown	$27,214	$128	53%	1	1	1	$45	❌	❌	✅	Y / Y	⭐️ 4.8 (205)
Bright Midtown Corner Apartment with Parking	$17,307	$75	56%	1	1	1	$45	❌	❌	✅	Y / Y	⭐️ 4.8 (468)
Enjoy our Midtown beauty	$19,198	$86	55%	1	1	2	$99	❌	❌	✅	Y / Y	⭐️ 4.9 (112)
Historic Brush Park Loft Apartment	$31,706	$131	63%	1	1	2	$75	❌	❌	❌	Y / Y	⭐️ 5 (164)
Brush Park retreat	$14,503	$96	39%	1	1	1	$40	❌	❌	✅	Y / Y	⭐️ 4.8 (438)
Stunning 1 Bedroom in Midtown with City Views	$23,307	$107	54%	1	1	1	$45	❌	❌	✅	Y / Y	⭐️ 4.8 (206)
1 Bedroom Apartment Downtown	$22,265	$114	49%	1	1	1	$70	❌	❌	✅	Y / Y	⭐️ 4.6 (58)
Modern Boutique Condo - "Au coeur de Detroit"	$55,021	$176	82%	1	1	1	$100	❌	❌	❌	Y / Y	⭐️ 5 (199)
Luxury Penthouse Historic Bldg Downtown	$23,570	$184	35%	1	1	1	$0	❌	❌	❌	Y / Y	⭐️ 5 (53)
2nd Best Boutique Condo in Brush	$51,489	$203	67%	1	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (72)
Welcome to our Cute & Petite Midtown Apartment *	$15,815	$86	46%	1	1	1	$89	❌	❌	✅	Y / Y	⭐️ 4.9 (176)
Bright & Stylish 1 Bedroom in the heart of Midtown	$14,483	$75	46%	1	1	1	$45	❌	❌	✅	Y / Y	⭐️ 4.8 (333)
~Mins to DMC/ Perfect for Monthly stays!	$58,944	$222	69%	1	1	2	$150	❌	❌	✅	Y / Y	⭐️ 4.8 (34)
Charming Getaway Apartment in Midtown	$34,845	$127	71%	1	1	2	$90	❌	❌	❌	Y / Y	⭐️ 4.9 (99)
Bright Midtown Apartment with Parking	$19,700	$84	58%	1	1	1	$45	❌	❌	✅	Y / Y	⭐️ 4.8 (787)
Cozy & Chic 1 Bedroom in Heart of Midtown	$15,141	$70	52%	1	1	1	$45	❌	❌	✅	N / Y	⭐️ 4.8 (329)
New Midtown listing, includes parking!	$18,196	$116	41%	1	1	1	$30	❌	❌	✅	Y / Y	⭐️ 5 (87)
Little Paris \| Walk to LCA, Ford Field, Comerica	$32,279	$191	44%	1	1	1	$40	❌	❌	❌	Y / Y	⭐️ 5 (541)
Little Paris of the Midwest - Walk to LCA, Ford	$37,063	$232	42%	1	1	1	$40	❌	❌	❌	Y / Y	⭐️ 5 (445)
Your Cozy One Bedroom Midtown	$22,472	$87	62%	1	1	2	$91	❌	❌	❌	Y / Y	⭐️ 4.8 (27)
Little Paris Pied-à-terre \| Walk to LCA, Comerica	$41,207	$210	52%	1	1	1	$40	❌	❌	❌	Y / Y	⭐️ 5 (342)
1BD w/Wi-Fi & FREE Parking!	$45,148	$135	85%	1	1	1	$150	❌	❌	❌	Y / Y	⭐️ 5 (32)
“2nd Home”Vintage Hotel Apt.	$30,524	$161	49%	1	1	1	$50	❌	❌	❌	Y / Y	⭐️ 4.9 (111)

Return Metrics

-10.51% 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)	-$6,004	-$12,008	-$18,013	-$24,017	-$30,021	-$60,043	-$180,131
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$183,920	$183,920	$183,920	$183,920	$183,920	$183,920	$183,920
Down Payment	$45,980	$45,980	$45,980	$45,980	$45,980	$45,980	$45,980
Property Appreciation	$6,897	$14,000	$21,317	$28,854	$36,617	$79,066	$328,127
Total Return	$230,792	$231,892	$233,204	$234,736	$236,495	$248,922	$377,895

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-10.51%

Cap Rate

4.13%

Return on Investment

5.51%

55 W Canfield St 31 Detroit, MI, 48201

1 bed • 1 bath • 3 guests

Purchase Price

Est. $1,103/mo

This property is for sale!

Contact Agent

Detroit

Guide

Zoning

Market

Guide

Laws

Market Data

-34

Airbnb Investor Score

-$6,004

Annual Profit

4.1%

Cap Rate

-10.5%

Cash on Cash

$26,648

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
AirDNA projects $149/night at 55% occupancy ($29,931.74). Airbtics projects $128/night at 57% occupancy ($26,648).

Occupancy Rate

Top 48% of comparables

Avg Daily Rate

Top 38% of comparables

Seasonality

40 Airbnb Comparables

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

$28,977

Avg annual revenue

57%

Avg occupancy rate

$128

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

$10k

$25k

$40k

$60k

-$6,004

Profit

Revenue

$26,648

Operating Expenses

$17,144

Operating Income

$9,504

Mortgage & Taxes

$15,508

Profit (Cash Flow)

-$6,004

$57,127

Cash Investment

Down Payment

$45,980

Renos & Furnishing

$4,250

Closing Costs

$6,897

Total

$57,127

DSCR Ratio

Weak

0.61

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-10.51%

Cap Rate

4.13%

Return on Investment

5.51%

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

$10,911

Deductible property tax

$2,276

Your total deduction

$29,367

Your adjusted annual income

$150,000 - $29,367 = $120,633

Taxes on $120,633 (30%)

$36,190

Your old tax bill

$45,000

Your new tax bill

$36,190

Estimated tax savings

$8,810

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:

Size:

Type:

MFR

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: MFR

Stories: -

Lot size: -

Building area: -

Garage: No

Heating:

Pool: No

Fireplaces: -

Basement: No

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: -

Parcel Number: -

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -