BNBCalc.com Investment Analysis Report of 9332 Elsa St

3 bed • 1 bath • 9 guests • $36,600

BNB

Calc

Return Metrics

59.3% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

59.3%

Cap Rate

33.72%

Return on Investment

68.04%

Annual Revenue

$29,913

AirDNA projects $273/night at 30% occupancy ($29,913). Airbtics projects $208/night at 50% occupancy ($37,985). Airbtics predicts this property will perform in the 68% revenue percentile

Revenue Percentile

Percentiles25%50%75%90%
Revenue$13,995$23,436$37,253$57,876
Occupancy39%55%62%72%
Nightly Rate$86$105$145$198

Seasonality (Profits By Month)

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Airbnb Comparables

Airbnb nameRevenueRate Per NightOccupancyBedsBathsGuestsNightCleaningPoolH.TubPetsW/DReviewsHost

A

Beautiful, spacious and full of fun.
$21,934
$142
38%
1251$95✅❌✅N / Y⭐️ 4.9 (10)Profile

B

1702: 1 to 4 Guests/Free Parking/Heart of Downtown
$57,427
$223
67%
1241$85❌❌❌N / Y⭐️ 4.8 (207)Profile

C

1707: 1 to 4 Guests/Free Parking/Heart of Downtown
$49,754
$234
55%
1241$85❌❌❌N / Y⭐️ 4.8 (149)Profile

D

1408: 1BD Heart of Downtown! Free Parking
$40,629
$184
55%
1241$85❌❌❌N / Y⭐️ 4.8 (207)Profile

E

Waterfront Home in Central City -KING BED 4 guests
$25,507
$103
62%
1241$59❌✅✅N / Y⭐️ 5 (112)Profile

Operating Expenses

Monthly Expenses

$1,464

Annual Expenses

$17,569

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$949

Property Insurance

$150

HOA

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$249

Management & Platform Fees

$75

Platform Fee (i.e. Airbnb)

$75

Property Manager Fee

$0

Mortgage & Taxes

Monthly Mortgage & Tax

$205

Annual Mortgage & Tax

$2,460

Downpayment

Purchase Price

$36,600

Percent Down

20%

Total Downpayment

$7,320

Total Loan Amount

$29,280

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

6%

Monthly Loan Payment

$176

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$30

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

3,049 sqft

Year built:

1916

Size:

1,590 sqft

Type:

SFR

Parking:

1

Heating:

HOT WATER

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
4667 Beniteau St511,3965,2271923$45,000144
4495 Bewick St321,1673,4851917$29,00011
4491 Cadillac Blvd-21,6623,9201919$67,50082
4508 Garland St421,5383,9201917$67,00076
2539 Harding St311,3784,7921910$38,000132
9371 Laura St311,2983,0491909$18,00053
9338 Elsa St-21,5173,0491914$NaN0
5008 Iroquois St-11,2843,0491911$35,0000
2996 Seyburn St421,5612,6141911$299,90028

Property Details

  • MLS Status: property-details-mls-status-active
  • Property Use: Single Family Residence
  • Stories: 2
  • Lot size:3,049 sqft
  • Building area: 1,590 sqft
  • Garage: 216 sqft
  • Heating: Hot water
  • Pool: No
  • Fireplaces: 0
  • Basement:

Lot Info

  • Zoning: R2
  • Land Use: Residential
  • Parcel Number: 19001025.
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed: 2020
  • Assessed Value: $9,310
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -

  • Market Estimate: -

Ownership

  • Name: Escoe Phyllis Thomas
  • Owner Occupied: Yes
  • Owner Mailing Address: 9332 Elsa St, Detroit, Mi 48214
  • Years Owned: 0
  • Home Equity: -
  • Mortgage Balance Remaining: $0
  • Financed amount: -
  • Owner Type: Individual
  • Lien: N/A
  • Inherited: N/A
  • Foreclosure: No

Tax Calculator (USA)

Tax Calculator (US Only)

Example Income

$150,000

Example Income Tax Rate

30%

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$1,737

Deductible property tax

$362

Est. Depreciation Value

$22,137

Profit on this property

$12,345

Your total deduction

$11,891

So, your new taxable income is your previous income minus your total deduction ($150,000 - $11,891)

$138,109

Your old tax bill

$45,000

Your new tax bill

$41,433

Estimated tax savings

$3,567

property-location

9332 Elsa St Detroit, Michigan, 48214-1465

3 bed • 1 bath • 9 guests

Purchase Price

Est. $176/mo

Agent

This property is for sale!

Contact Test

Agent at BNB

$29,913

Annual Revenue

BNBCalc predicts this property will get $208 per night with 50% occupancy, putting it in the top 68% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

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40

Airbnb Comparables

Identify properties similar to yours in terms of amenities and interior design. Then adjust your Occupancy Rate and Average Daily Rate to match.

Revenue per year

$0k

$100k

$195k

$300k

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Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

59.3%

Cap Rate

33.72%

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

$1,737

Deductible property tax

$362

Your total deduction

-$3,282

Your adjusted annual income

$150,000 - -$3,282 = $153,282

Taxes on $153,282 (30%)

$45,985

Your old tax bill

$45,000

Your new tax bill

$45,985

Estimated tax savings

-$985

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com