6662 Iroquois Ave

Detroit, MI 482135 beds · 2 bathsSleeps 12

Finding nearby Airbnbs to compare…

Cash flow
Estimated revenue
Cash-on-cash
Cap rate

Pronounced: sha-LAY

Make Chalet a preferred source on Google

All Real Estate Services are offered through Chalet Realty (DBA of Mahalla Realty LLC).

Texas Real Estate Commission Consumer Protection Notice Texas Real Estate Commission Information About Brokerage Services TREC Disclaimer

Chalet (“GetChalet Inc.”) provides general educational content and tools for real-estate investors. Chalet is not a law firm, CPA firm, or investment adviser, and does not provide tax, legal, or accounting advice. Nothing on this site creates a CPA-client, attorney-client, or fiduciary relationship. Tax laws change, and state rules may differ from federal rules (e.g., California decouples from federal bonus depreciation). Always consult your own qualified tax and legal professionals about your specific situation.

The term 'Airbnb' is used on our site in a colloquial sense, akin to saying 'I am going to Airbnb it.' This usage is intended to refer broadly to the concept of short-term rentals and not specifically to the Airbnb platform or services. Airbnb, Inc. is not affiliated with Chalet, nor does it endorse or sponsor our services. We use the term in this generalized manner to easily convey the idea of participating in short-term rental activities, recognizing 'Airbnb' as a term familiar to many in this context.

Affiliate & Referral Disclosure. Chalet may receive referral fees or other consideration when you engage with featured agents, lenders, cost-seg providers, or other partners referenced on this site. These relationships may influence which partners we present. We follow the FTC Endorsement Guides and aim to disclose material connections clearly and conspicuously.

Chalet (DBA of GetChalet Inc.) is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Airbnb, Airbnb.com, or any of its subsidiaries or its affiliates. The official Airbnb website can be found at http://www.airbnb.com. The name "Airbnb" as well as related names, marks, emblems and images are registered trademarks of Airbnb, Inc.

Cash flowNeeds a price

6662 Iroquois Ave

Detroit, MI 482135 beds2 bathsSleeps 12

Estimated from 9 nearby Airbnbs, typically 2.9 mi awayHow we estimate

Pays for itself at a price up to about $374k

With 25% down at 7%. Zillow has no estimate for this address. Add the asking price for cash flow and returns.

Asking price

Cash flow: —; Needs a price
Estimated revenue: $45,696/yr; 51% booked at $346/nightHalf of nearby homes earn $33k–$48k
Cash-on-cash: —; Needs a price
Cap rate: —; Needs a price

Chalet AI

Ask about 6662 Iroquois Ave

Nearby Airbnbs like it earn $33k–$48k a year

That's the middle half of the 9 Airbnbs this estimate comes from, typically 2.9 miles away. Revenue and occupancy are Chalet's estimates from each listing's observed bookings.

Lowest $20.6kMiddle half $32.6k–$47.8kHighest $85.8k

This home$20.6k$85.8ka year, darker earns moreSign up free to see

Luxe 5 bdr Townhouse near Downtown Detroit$32,5761.6 mi · 41% booked at $489/night
Fischer Comfort Zone$34,8112.0 mi · 52% booked at $218/night
Spacious and Central North End Home$47,1192.7 mi · 45% booked at $243/night
5Bd Holiday Getaway - Museums - Galleries - Art•••2.9 mi
Fantastic 5 Bdrm - Stylish and Newly Renovated•••2.9 mi
NEW 5BD Retreat w-Wi-Fi, Pool Table, Gym and Grill•••3.7 mi
Detroit Beautiful Historic Home•••4.2 mi
Detroits Riverside Hideaway•••4.9 mi

Nearby Airbnbs, closest first
Listing	Distance	Revenue/yr	Occupancy	Nightly rate
Luxe 5 bdr Townhouse near Downtown Detroit	1.6 mi	$32,576	41%	$489
Fischer Comfort Zone	2.0 mi	$34,811	52%	$218
Spacious and Central North End Home	2.7 mi	$47,119	45%	$243
5Bd Holiday Getaway - Museums - Galleries - Art	2.9 mi	•••	•••	•••
Fantastic 5 Bdrm - Stylish and Newly Renovated	2.9 mi	•••	•••	•••
NEW 5BD Retreat w-Wi-Fi, Pool Table, Gym and Grill	3.7 mi	•••	•••	•••
Detroit Beautiful Historic Home	4.2 mi	•••	•••	•••
Detroits Riverside Hideaway	4.9 mi	•••	•••	•••

For the bigger picture, see Detroit, MI Airbnb market data.

What to do next

Keep this analysis of 6662 Iroquois Ave, with your changes.

How we estimate

Revenue: Chalet's estimate of what a 5-bedroom Airbnb at 6662 Iroquois Ave could book in a year, from 9 comparable Airbnbs nearby and their observed bookings. It's gross revenue: before the Airbnb host fee, management and every other cost. The occupancy and nightly rate are the ones behind that estimate.
Price: The price you enter. Use the asking price if the home is listed.
Costs: Defaults you can change: 10% management and a 3% Airbnb host fee (of revenue); 1% property tax and 1% maintenance (of price, per year); insurance at 0.5% of price; utilities and internet at $150 a month plus $100 per bedroom; $200 a year for an STR license.
Financing: 25% down, 7% interest over 30 years, 1% closing costs and $20,000 to furnish, unless you change them.
Returns: Cash flow is revenue minus every cost and the mortgage. Cash-on-cash divides a year of cash flow by the cash to close. Cap rate divides net operating income by the price.
Other sites: Other calculators pick different comparable homes, time windows and defaults, so their numbers differ. Compare the comparable homes, not just the headline.

Disclaimer. This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.

Airbnb Investment Analysis: 6662 Iroquois Ave, Detroit, MI 48213 | $45,696 Avg Annual Revenue

6662 Iroquois Ave

TOOLS & CALCULATORS

LEARNING & RESOURCES

SERVICES & PARTNERS

MARKET INSIGHTS

6662 Iroquois Ave

Pays for itself at a price up to about $374k

Ask about 6662 Iroquois Ave

Nearby Airbnbs like it earn $33k–$48k a year

What to do next

How we estimate