9327 Cloverlawn Ave Detroit, Michigan
4 bed • 2.5 bath • 10 guests
Purchase Price
Est. $554/mo
$43,557
Annual Revenue
Median of 25 comps selected by Bayne, creator of this analysis.
- Avg Daily Rate
- $301
- Occupancy
- 40%
$5k
$45k
$80k
$125k
$122,283 | $90,743 | $640 | 52.3% | 5 | 16 | 46 | 8 | 3 | $0 | ❌ | ✅ | ✅ | Yes / Yes | ❌ | ⭐️ 4.94 (121) | Profile | |
$105,160 | $53,409 | $513 | 56.2% | 5 | 10 | 36 | 6 | 2 | $0 | ❌ | ✅ | ✅ | Yes / Yes | ❌ | ⭐️ 4.83 (65) | Profile | |
$102,363 | $64,023 | $516 | 54.3% | 5 | 16 | 50 | 9 | 2 | $0 | ❌ | ✅ | ✅ | Yes / Yes | ❌ | ⭐️ 4.94 (110) | Profile | |
$87,107 | $66,149 | $806 | 29.6% | 5 | 12 | 40 | 7 | 4 | $250 | ❌ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 4.76 (119) | Profile | |
$85,989 | $62,789 | $470 | 50.1% | 4 | 14 | 39 | 7 | 3 | $0 | ❌ | ✅ | ✅ | Yes / Yes | ❌ | ⭐️ 4.95 (92) | Profile |
Seasonality
Break-even
$2,783/mo
Avg profit / month
$847/mo
Best profit month
Jul $3,183
$10,164
Profit
Revenue
$43,557
Operating Expenses
$23,916
Operating Income
$19,641
Mortgage & Taxes
$9,477
Profit (Cash Flow)
$10,164
$49,696
Cash Investment
Down Payment
$31,200
Renos & Furnishing
$14,752
Closing Costs
$3,744
Total
$49,696
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
Loading...
Cash on Cash Return
20.45%
Cap Rate
15.73%
STR Tax Calculator (USA)
Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.
If you buy this property, your estimated tax deduction will be...
Deductible mortgage interest
$7,431
Deductible property tax
$1,236
Estimated gross deduction
$40,868
Your income tax rate
Estimated tax savings
$12,260
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
Plan to claim the STR loophole?
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