BNBCalc Short Term Rental Investment Analysis 1222 Walkabout Ln

8 bed • 5 bath • 24 guests • $931,300

BNB

Calc

Annual Revenue

$256,000

Profit (Cash Flow)

$146,217

Cap Rate

22.4%

Annual Revenue

$256,000

AirDNA projects $1,630/night at 43% occupancy ($255,999).

BNB Calc projects a 43% occupancy rate, $1,630 rate per night.

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

Return Metrics

62.63% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$146,217	$292,434	$438,651	$584,868	$731,085	$1,462,170	$4,386,510
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$9,149	$18,862	$29,175	$40,123	$51,747	$121,547	$745,040
Down Payment	$186,260	$186,260	$186,260	$186,260	$186,260	$186,260	$186,260
Property Appreciation	$27,939	$56,716	$86,356	$116,886	$148,331	$320,289	$1,329,209
Total Return	$369,565	$554,272	$740,442	$928,138	$1,117,424	$2,090,267	$6,647,020

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

62.63%

Cap Rate

22.44%

Return on Investment

78.52%

1222 Walkabout Ln Harbor Springs, Michigan, 49740-8764

8 bed • 5 bath • 24 guests

Purchase Price

Est. $4,467/mo

This property is for sale!

Contact Agent

$256,000

Annual Revenue

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

Airbnb Comparables

Comparable data could not be found for this address

Avg annual revenue

Avg occupancy rate

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

$0k

$100k

$195k

$300k

$146,217

Profit

Revenue

$256,000

Operating Expenses

$46,960

Operating Income

$209,040

Mortgage & Taxes

$62,823

Profit (Cash Flow)

$146,217

$233,449

Cash Investment

Down Payment

$186,260

Renos & Furnishing

$19,250

Closing Costs

$27,939

Total

$233,449

DSCR Ratio

Strong

3.33

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

62.63%

Cap Rate

22.44%

Return on Investment

78.52%

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

$44,200

Deductible property tax

$9,220

Your total deduction

-$152,963

Your adjusted annual income

$150,000 - -$152,963 = $302,963

Taxes on $302,963 (30%)

$90,889

Your old tax bill

$45,000

Your new tax bill

$90,889

Estimated tax savings

-$45,889

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:

CONDO

Parking:

Heating:

Sold Comparables

Address	Beds	Baths	$/SqFt	Year Built	Last Sale	Days on Market
1950 Club House Dr	-	-	-	-	$0	-
1751 Valley Rd	-	-	-	-	$0	-
1221 Walkabout Ln	-	-	-	-	$0	-
1726 Stonehedge Ct	-	-	-	-	$499,000	-

Property Details

MLS Status: Active

Property Use: Condominium

Stories: -

Lot size: -

Building area: -

Garage: No

Heating:

Pool: No

Fireplaces: -

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: PT RR

Land Use: Residential

Parcel Number: 11-13-35-101-128

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed:

Assessed Value: $513,700

County Est. Land Value: $1,027,400

Assessed Land Value: $513,700

County Est. Structure Value: -

Market Estimate: $556,752

Sale history

Date	Sale Price	% Financed	Buyer
07/07/20	$611,100	0%	Jeffrey S Silverman, Stacey
01/06/18	$0	0%	Love Northern Mi Home
11/17/17	$570,000	74%	Robert W Briggs, Alyssa Lenhoff Briggs
09/15/17	$124,853	0%	Jpmorgan Chase Bank Na
05/02/09	$0	0%	David J Schulte, David J Schulte Revocable Living Tr
12/12/07	$550,000	89%	David Schulte

Ownership

Name: Jeffrey S Silverman

Owner Occupied: No

Owner Mailing Address: 3340 Bloomcrest Dr, Bloomfield Hills, Mi 48304

Years Owned: 48

Home Equity: $955,000

Mortgage Balance Remaining: $119,000

Financed amount: 89%

Owner Type: Investor

Lien: No

Inherited: No

Foreclosure: No