BNBCalc Short Term Rental Investment Analysis 744 Van Dyke St, Detroit, Michigan 48214, United States

5 bed • 3 bath • 14 guests • $400,000

BNB

Calc

Annual Revenue

$118,931

Profit (Cash Flow)

$63,407

Cap Rate

22.6%

Annual Revenue

$118,931

AirDNA projects $603/night at 54% occupancy ($118,930).

BNB Calc projects a 54% occupancy rate, $603 rate per night.

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

Return Metrics

60.53% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$63,407	$126,814	$190,221	$253,628	$317,035	$634,070	$1,902,210
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$3,929	$8,101	$12,530	$17,233	$22,226	$52,205	$320,000
Down Payment	$80,000	$80,000	$80,000	$80,000	$80,000	$80,000	$80,000
Property Appreciation	$12,000	$24,360	$37,090	$50,203	$63,709	$137,566	$570,904
Total Return	$159,336	$239,275	$319,842	$401,065	$482,970	$903,842	$2,873,115

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

60.53%

Cap Rate

22.59%

Return on Investment

75.73%

744 Van Dyke St Detroit, Michigan, 48214

5 bed • 3 bath • 14 guests

Purchase Price

Est. $1,919/mo

This property is for sale!

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Detroit

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Zoning

Market

Guide

Laws

Market Data

$118,931

Annual Revenue

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

$63,407

Profit

Revenue

$118,931

Operating Expenses

$28,541

Operating Income

$90,390

Mortgage & Taxes

$26,983

Profit (Cash Flow)

$63,407

$104,750

Cash Investment

Down Payment

$80,000

Renos & Furnishing

$12,750

Closing Costs

$12,000

Total

$104,750

DSCR Ratio

Strong

3.35

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

60.53%

Cap Rate

22.59%

Return on Investment

75.73%

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

$18,984

Deductible property tax

$3,960

Your total deduction

-$22,020

Your adjusted annual income

$150,000 - -$22,020 = $172,020

Taxes on $172,020 (30%)

$51,606

Your old tax bill

$45,000

Your new tax bill

$51,606

Estimated tax savings

-$6,606

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:

3,049 sqft

Year built:

Size:

Type:

SFR

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: Single Family Residence

Stories: -

Lot size: 3,049 sqft

Building area: -

Garage: No

Heating:

Pool: No

Fireplaces: -

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: Residential

Parcel Number: 17009163.002

Flood Zone: No

Tax Info

Year Assessed: 2022

Assessed Value: $31,700

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -

Ownership

Name: 313 Property Group

Owner Occupied: No

Owner Mailing Address: 715 Van Dyke St, Detroit, Mi 48214

Years Owned: 0

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: -

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No