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Purchase Price


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Buy this property and list it on Airbnb

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List a property you own on Airbnb

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Rent from the landlord and list it on Airbnb

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BNBCalc Short Term Rental Investment Analysis 7022 Thatcher St, Detroit, MI 48221

4 bed β€’ 2 bath β€’ 12 guests β€’ $180,000

BNB

Calc

Annual Revenue

$46,605

Profit (Cash Flow)

$14,724

Cap Rate

14.9%

Annual Revenue

$46,605

AirDNA projects $208/night at 51% occupancy ($38,745). Airbtics projects $290/night at 44% occupancy ($46,605). Airbtics predicts this property will perform in the 53% revenue percentile

BNB Calc projects a 44% occupancy rate, $290 rate per night.

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

Percentiles25%50%75%90%
Revenue$24,073$40,678$49,806$102,274
Occupancy30%44%50%62%
Nightly Rate$209$239$257$435

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Big Modern Home Great for Families/Group *GameRoom

No image available

$34,061
$204
41%
433$190❌❌❌Y / Y⭐️ 4.9 (19)
Mid-Century Modern Design -Bagley Home Sleeps 12

No image available

$43,990
$231
47%
422$275❌❌❌Y / Y⭐️ 5 (22)
Detroit Getaway

No image available

$39,111
$249
36%
431$200βŒβœ…βŒY / Y⭐️ 5 (22)
Perfect for Detroit Golf Classic

No image available

$86,951
$384
61%
431$150βŒβŒβœ…Y / Y⭐️ 5 (2)
Detroit Golf Club Classic 3-Bedroom Home

No image available

$79,088
$260
78%
421$300❌❌❌Y / N⭐️ 4.6 (12)
Luxury Home Away From Home!

No image available

$44,298
$225
51%
422$125❌❌❌Y / Y⭐️ 4.8 (11)
All roads to lead to Monica

No image available

$16,678
$93
49%
421$0❌❌❌N / Y⭐️ 4.5 (24)

Return Metrics

28.37% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$14,724$29,448$44,172$58,896$73,621$147,242$441,727
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$144,000$144,000$144,000$144,000$144,000$144,000$144,000
Down Payment$36,000$36,000$36,000$36,000$36,000$36,000$36,000
Property Appreciation$5,400$10,962$16,690$22,591$28,669$61,904$256,907
Total Return$200,124$220,410$240,863$261,488$282,290$389,147$878,634

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

28.37%

Cap Rate

14.92%

Return on Investment

42.18%

property-location

7022 Thatcher St Detroit, MI, 48221

4 bed β€’ 2 bath β€’ 12 guests

Est. $863/mo

Agent

This property is for sale!

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Detroit

Guide

Zoning

Market

Guide


Laws


Market Data

168

Airbnb Investor Score

$14,724

Annual Profit

14.9%

Cap Rate

28.4%

Cash on Cash

$46,605

Annual Revenue

This property is projected to be in the top 53% revenue percentile compared to similar properties nearby.
Projected nightly rate is $208/night at 51% occupancy.Projected nightly rate is $290/night at 44% occupancy.

Top 51% of comparables

Top 21% of comparables


Seasonality

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10

Airbnb Comparables

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

$48,420

Avg annual revenue

44%

Avg occupancy rate

$290

Avg nightly rate


πŸŠβ€β™‚οΈ Pool
πŸ› Hot tub
🐢 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$15k

$40k

$65k

$95k

Sign up to see the data on 10 all comparables

$14,724

Profit

Revenue

$46,605

Operating Expenses

$19,739

Operating Income

$26,866

Mortgage & Taxes

$12,142

Profit (Cash Flow)

$14,724

$51,900

Cash Investment

Down Payment

$36,000

Renos & Furnishing

$10,500

Closing Costs

$5,400

Total

$51,900

DSCR Ratio

Strong

2.21

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

28.37%

Cap Rate

14.92%

Profit (Cummulative)

$14,724

$144,000

$10,500

$5,400

$0

Total Gain

$21,893

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

$8,543

Deductible property tax

$1,782

Your total deduction

$4,557

Your adjusted annual income

$150,000 - $4,557 = $145,443


Taxes on $145,443 (30%)

$43,633

Your old tax bill

$45,000

Your new tax bill

$43,633


Estimated tax savings

$1,367

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: Yes
  • Heating:
  • Pool: No
  • Fireplaces: -
  • Basement: Yes
  • 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: -