BNBCalc Short Term Rental Investment Analysis 17911 Cherokee Dr, Spring Lake, MI 49456

3 bed • 2 bath • 9 guests • $299,000

BNB

Calc

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Onboarding Flow User

user-for-onboarding-flow@bnbcalc.com

Annual Revenue

$90,398

Profit (Cash Flow)

$44,797

Cap Rate

21.7%

Annual Revenue

$90,398

AirDNA projects $375/night at 66% occupancy ($90,397). Airbtics projects $292/night at 72% occupancy ($76,788). Airbtics predicts this property will perform in the 50% revenue percentile

BNB Calc projects a 66% occupancy rate, $375 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$45,028	$66,252	$106,886	$152,108
Occupancy	61%	72%	81%	98%
Nightly Rate	$199	$248	$357	$418

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
The Blue Bicycle of Spring Lake, close to Lake MI	$23,093	$128	48%	3	2	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (70)
Charming, pet friendly cottage	$47,342	$199	65%	3	1	7	$0	❌	❌	✅	Y / Y	⭐️ 5 (29)
Cheerful 3 bedroom cottage, close to marina’s	$60,193	$345	45%	3	2	2	$150	❌	❌	❌	Y / N	⭐️ 4.9 (28)
Living by the Lake	$35,174	$155	58%	3	2	4	$150	❌	❌	✅	Y / Y	⭐️ 5 (3)
Garden getaway with heated in ground pool!	$91,002	$336	74%	3	2	2	$0	✅	❌	❌	Y / Y	⭐️ 5 (69)
K’s Cottage, LLC	$65,553	$247	69%	3	1	7	$150	❌	❌	❌	Y / Y	⭐️ 0 (0)
Modern Home w/ Lake & Bike Path Access	$50,382	$215	54%	3	2	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (65)
Casa Lago at Spring Lake, MI.	$163,540	$680	65%	3	3	3	$200	❌	❌	❌	Y / Y	⭐️ 5 (3)
Modern Luxury on Spring Lake with Private Dock	$135,420	$370	100%	3	4	1	$350	❌	❌	❌	Y / Y	⭐️ 5 (1)
Safe path to beach! 3bd 2.5 bath w/Garage/Remote!	$61,549	$200	82%	3	3	1	$125	❌	❌	✅	Y / Y	⭐️ 4.9 (14)
Grand Times is Locatd on Lake Michigan!	$116,189	$407	78%	3	1	7	$274	❌	❌	❌	Y / Y	⭐️ 4 (6)
WATERFRONT Black Bayou House	$193,614	$426	96%	3	1	2	$150	❌	❌	❌	Y / Y	⭐️ 4.8 (53)
Spring Lake Condo Convenient to Everything	$90,768	$248	100%	3	4	1	$179	✅	❌	❌	Y / Y	⭐️ 0 (1)
Cedar Woods Getaway	$65,880	$250	72%	3	2	1	$0	❌	❌	❌	Y / Y	⭐️ 5 (7)
Family Retreat@ Village Farmhouse-Close to Beaches	$56,254	$185	81%	3	3	2	$125	❌	✅	❌	Y / Y	⭐️ 4.9 (12)

Return Metrics

57.97% 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)	$44,796	$89,593	$134,389	$179,186	$223,982	$447,965	$1,343,896
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$2,937	$6,055	$9,366	$12,882	$16,613	$39,023	$239,200
Down Payment	$59,800	$59,800	$59,800	$59,800	$59,800	$59,800	$59,800
Property Appreciation	$8,970	$18,209	$27,725	$37,527	$47,622	$102,830	$426,751
Total Return	$116,503	$173,658	$231,281	$289,395	$348,019	$649,620	$2,069,648

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

57.97%

Cap Rate

21.72%

Return on Investment

73.38%

17911 Cherokee Dr Spring Lake, MI, 49456

3 bed • 2 bath • 9 guests

Purchase Price

Est. $1,434/mo

This property is for sale!

Contact Agent

308

Airbnb Investor Score

$44,796

Annual Profit

21.7%

Cap Rate

58.0%

Cash on Cash

$90,398

Annual Revenue

BNBCalc predicts this property will get $292 per night with 72% occupancy, putting it in the top 50% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 68% of comparables

Avg Daily Rate

Top 21% of comparables

Seasonality

15 Airbnb Comparables

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

$83,730

Avg annual revenue

72%

Avg occupancy rate

$292

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

$20k

$80k

$135k

$195k

$44,797

Profit

Revenue

$90,398

Operating Expenses

$25,432

Operating Income

$64,966

Mortgage & Taxes

$20,170

Profit (Cash Flow)

$44,797

$77,270

Cash Investment

Down Payment

$59,800

Renos & Furnishing

$8,500

Closing Costs

$8,970

Total

$77,270

DSCR Ratio

Strong

3.22

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

57.97%

Cap Rate

21.72%

Return on Investment

73.38%

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

$14,191

Deductible property tax

$2,960

Your total deduction

-$14,002

Your adjusted annual income

$150,000 - -$14,002 = $164,002

Taxes on $164,002 (30%)

$49,201

Your old tax bill

$45,000

Your new tax bill

$49,201

Estimated tax savings

-$4,201

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: -