BNBCalc Short Term Rental Investment Analysis 1201 Earl Rd, Michigan City, IN 46360

2 bed • 1 bath • 6 guests • $209,000

BNB

Calc

Annual Revenue

$27,273

Profit (Cash Flow)

-$4,051

Cap Rate

4.8%

Annual Revenue

$27,273

AirDNA projects $180/night at 40% occupancy ($26,297). Airbtics projects $131/night at 57% occupancy ($27,272). Airbtics predicts this property will perform in the 35% revenue percentile

BNB Calc projects a 57% occupancy rate, $131 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$26,995	$27,536	$33,140	$36,923
Occupancy	45%	55%	67%	76%
Nightly Rate	$110	$133	$145	$173

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Small Clean Home Near Beach, Casino, Outlet Mall	$27,053	$86	76%	2	1	2	$50	❌	❌	❌	Y / Y	⭐️ 5 (371)
✦Cozy Bungalow✦ Central location, 2.4mi to Beach	$29,930	$111	59%	2	1	2	$95	❌	❌	❌	Y / Y	⭐️ 5 (191)
The Treehouse Bungalow- Quaint and Cozy Getaway!	$26,976	$171	39%	2	1	1	$50	❌	❌	❌	Y / Y	⭐️ 4.8 (39)
Great Lakes Getaway-Lower Unit - Near Outlet Mall	$24,229	$110	52%	2	1	2	$90	❌	❌	❌	Y / Y	⭐️ 4.8 (45)
The Elm St. Retreat - A cozy home, all your own	$36,517	$134	69%	2	1	1	$25	❌	❌	❌	Y / Y	⭐️ 4.8 (110)
Porter House	$40,582	$132	84%	2	1	1	$0	❌	✅	✅	Y / Y	⭐️ 4.8 (54)
Michigan City 2 bedroom apt near National Park	$34,210	$135	64%	2	1	2	$100	❌	❌	❌	Y / Y	⭐️ 4.9 (10)
Cheerful and spacious two bedroom home	$27,259	$196	38%	2	1	4	$0	❌	❌	❌	Y / Y	⭐️ 4.8 (8)
New Airbnb by Beach, Casino, Breweries & Shops!	$27,813	$149	51%	2	1	2	$0	❌	❌	❌	Y / Y	⭐️ 4.8 (9)
Downtown Getaway II	$13,926	$86	43%	2	1	1	$65	❌	❌	✅	N / Y	⭐️ 4.8 (28)

Return Metrics

-7.45% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$4,051	-$8,102	-$12,153	-$16,204	-$20,255	-$40,511	-$121,535
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$167,200	$167,200	$167,200	$167,200	$167,200	$167,200	$167,200
Down Payment	$41,800	$41,800	$41,800	$41,800	$41,800	$41,800	$41,800
Property Appreciation	$6,270	$12,728	$19,379	$26,231	$33,288	$71,878	$298,297
Total Return	$211,218	$213,625	$216,226	$219,026	$222,032	$240,366	$385,762

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-7.45%

Cap Rate

4.8%

Return on Investment

7.86%

1201 Earl Rd Michigan City, IN, 46360

2 bed • 1 bath • 6 guests

Purchase Price

Est. $1,002/mo

This property is for sale!

Contact Agent

-20

Airbnb Investor Score

-$4,051

Annual Profit

4.8%

Cap Rate

-7.5%

Cash on Cash

$27,273

Annual Revenue

This property is projected to be in the top 35% revenue percentile compared to similar properties nearby.
Projected nightly rate is $180/night at 40% occupancy.Projected nightly rate is $131/night at 57% occupancy.

Occupancy Rate

Top 41% of comparables

Avg Daily Rate

Top 51% of comparables

Seasonality

10 Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$28,849

Avg annual revenue

57%

Avg occupancy rate

$131

Avg nightly rate

🏊‍♂️ Pool

🛁 Hot tub

🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$15k

$20k

$30k

$40k

-$4,051

Profit

Revenue

$27,273

Operating Expenses

$17,225

Operating Income

$10,047

Mortgage & Taxes

$14,098

Profit (Cash Flow)

-$4,051

$54,320

Cash Investment

Down Payment

$41,800

Renos & Furnishing

$6,250

Closing Costs

$6,270

Total

$54,320

DSCR Ratio

Weak

0.71

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-7.45%

Cap Rate

4.8%

Return on Investment

7.86%

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

$9,919

Deductible property tax

$2,069

Your total deduction

$25,619

Your adjusted annual income

$150,000 - $25,619 = $124,381

Taxes on $124,381 (30%)

$37,314

Your old tax bill

$45,000

Your new tax bill

$37,314

Estimated tax savings

$7,686

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:

Year built:

Size:

Type:

SFR

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: SFR

Stories: -

Lot size: -

Building area: -

Garage: Yes

Heating:

Pool: No

Fireplaces: -

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: -

Parcel Number: -

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -