7316 Edlane Rd Michigan, 48001
4 bed • 3 bath • 12 guests
Est. $1,445/mo

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$301,200
Zestimate
Airbnb Investor Score
$30,001
Annual Profit
14.1%
Cap Rate
19.8%
Cash on Cash
$64,692
Annual Revenue
This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $300/night at 33% occupancy.Projected nightly rate is $328/night at 54% occupancy.
Top 46% of comparables
Top 46% of comparables
Seasonality
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38
Airbnb Comparables
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$62,041
Avg annual revenue
54%
Avg occupancy rate
$328
Avg nightly rate
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Revenue per year
$20k
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$115k
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$39,620
Profit
Revenue
$64,692
Operating Expenses
$22,090
Operating Income
$42,602
Mortgage & Taxes
$2,982
Profit (Cash Flow)
$39,620
$191,470
Cash Investment
Down Payment
$180,720
Renos & Furnishing
$10,750
Total
$191,470
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
19.76%
Cap Rate
14.14%
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
$8,355
Deductible property tax
$2,982
Your total deduction
$3,099
Your adjusted annual income
$150,000 - $3,099 = $146,901
Taxes on $146,901 (30%)
$44,070
Your old tax bill
$45,000
Your new tax bill
$44,070
Estimated tax savings
$930
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
7,405 sqft
Year built:
1988
Size:
1,806 sqft
Type:
SINGLE_FAMILY
Parking:
2
Heating:
Forced Air, Natural Gas
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: 2
- Lot size: 7,405 sqft
- Building area: 1,806 sqft
- Garage: Yes
- Heating: Forced air, natural gas
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: Central Air, Wall/Window Unit(s)
- View: Canal
- Parking: Garage
- Amenities: Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer, Gas Water Heater
- Price per square foot: $166
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 74143520017000
- Flood Zone: Yes, Zone High risk: Special Flood Hazard Area (SFHA), high flood risk
Tax Info
- Year Assessed: 2024
- Assessed Value: $245,400
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $301,200
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