Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5904 Janet St Taylor, MI 48180

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $499,900

    10-bedroom, 8-bathroom multifamily home, currently operating as a lucrative Airbnb.

    Lot size:
    0.23 Acres

    Property Features for 5904 Janet St

    General Information

    Property type
    Investment
    Standard status
    Pending
    Lot size
    0.23 Acres

    Building Details

    Year built
    1951

    We can help!

    Listing Contact
    Jeremy Rhodes
    Source: Elliman

    Listing Agency: Cornerstone Real Estate Listing Agent: Jeremy Rhodes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Remodeled Multifamily Airbnb Investment Property

    The property at 5904 Janet Street, Taylor, is a remodeled multifamily home featuring 10 bedrooms and 8 bathrooms, configured as a 4-unit building. Currently operating as a successful Airbnb, the property has been updated with modern finishes. The units are designed for comfort and versatility, suitable for short-term rentals, extended stays, or multigenerational living. The property has strong rental income potential and is located in a prime location. The property generated $100,000 in income over the last 12 months as an Airbnb.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2874631
    Latitude
    42.2673808

    Nearby Similar for Sale

    • $469,000
      6,745 SF

      Commercial Property with Kitchen Infrastructure

      Commercial property in Taylor, MI, featuring kitchen infrastructure.
      25621 Ecorse Rd, Taylor, MI 48180
      View Details
    • $224,900
      1,559 SF

      Taylor, MI Commercial Building For Sale

      Commercial building with road frontage, previously a brewery/restaurant.
      21090 Goddard Rd, Taylor, MI 48180
      View Details
    • $275,000
      2,400 SF

      Turnkey Bar and Restaurant Opportunity

      Ready-to-go bar and restaurant with a Class C liquor license.
      5915 Inkster Rd, Taylor, MI 48180
      View Details
    • $1,350,000
      11,140 SF

      Taylor, MI Office/Retail Building

      Versatile office and retail space in high-traffic area.
      23944 Eureka Rd, Taylor, MI 48180
      View Details
    • $650,000
      2,800 SF

      Profitable Liquor Store & Building

      Established liquor store with building for sale in Taylor, MI.
      11063 Telegraph Rd, Taylor, MI 48180
      View Details
    • $350,000
      6,942 SF

      Commercial Property in Taylor, MI

      Spacious commercial property suitable for retail, warehouse, or other uses.
      25595 Van Born Rd, Taylor, MI 48180
      View Details
    • $499,900
      Pending

      Remodeled Multifamily Airbnb Investment Property

      Remodeled 4-unit multifamily property, currently operating as a lucrative Airbnb.
      5904 Janet St, Taylor, MI 48180
      View Details
    • $199,000
      2,160 SF

      Restaurant in Kirklynn Plaza

      Restaurant in a convenient location surrounded by residential development.
      22300 Goddard Rd, Taylor, MI 48180
      View Details
    • $1,500,000
      4,344 SF

      Commercial Property on Van Born Road

      Commercial property featuring recent renovations, suitable for various business ventures.
      25711 Van Born Rd, Taylor, MI 48180
      View Details
    • $510,000

      Downtown Taylor Brick Building

      Brick building in vibrant community with income from existing lease.
      21085-21089 Goddard Rd, Taylor, MI 48180
      View Details
    • $650,000
      Pending

      Profitable Liquor Store Opportunity

      Established liquor store with remodeled building and high-traffic location.
      11063 Telegraph Rd, Taylor, MI 48180
      View Details
    • $499,900

      Well-Maintained Retail Plaza For Sale

      Retail plaza featuring three stores with parking and updated features.
      22909 Van Born Rd, Taylor, MI 48180
      View Details

    FAQs

    What type of property is this?
    Short term rental property - 10-bedroom, 8-bathroom multifamily home, currently operating as a lucrative Airbnb.
    Where is this short term rental property located?
    The property is located at 5904 Janet St Taylor, MI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Lucrative Airbnb with $100,000 earnings in the last 12 months.; - Remodeled 4-unit multifamily home.; - Boasting 10 bedrooms and 8 bathrooms.
    (734) 652-3778
    Request Owner's contact information
    5904 Janet St Taylor, MI 48180
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5904 Janet St
    Taylor, MI 48180
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5904 Janet St Taylor, MI 48180
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeremy Rhodes
    Real Estate License ID: 6501356799
    (734) 652-3778
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!