16833 Lake Rd Spring Lake, Michigan
2 bed • 2 bath • 4 guests
Purchase Price
Est. $NaN/mo
$49,310
Annual Revenue
Median of 25 comps selected by Bill, creator of this analysis.
- Avg Daily Rate
- $304
- Occupancy
- 45%
$5k
$35k
$65k
$95k
$96,382 | $26,505 | $585 | 45.1% | 2 | 6 | 57 | 3 | 2 | $0 | ❌ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 4.75 (4) | Profile | |
$82,044 | $39,118 | $431 | 52.1% | 2 | 6 | 46 | 3 | 2 | $0 | ❌ | ❌ | ✅ | Yes / No | ❌ | ⭐️ 5 (1) | Profile | |
$75,955 | $37,422 | $280 | 74.4% | 2 | 4 | 25 | 3 | 1 | $0 | ❌ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 5 (61) | Profile | |
$70,453 | $29,846 | $314 | 61.4% | 2 | 6 | 69 | 3 | 2 | $150 | ❌ | ❌ | ✅ | Yes / Yes | ❌ | ⭐️ 4.97 (59) | Profile | |
$66,651 | $46,157 | $336 | 54.4% | 2 | 6 | 55 | 3 | 2 | $0 | ❌ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 2.5 (123) | — |
Seasonality
Break-even
$5,529/mo
Avg profit / month
-$1,804/mo
Best profit month
Jul $4,779
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
Cash on Cash Return
-12.96%
Cap Rate
3.28%