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BNBCalc Short Term Rental Investment Analysis 2188 Arapahoe Rd

4 bed • 3 bath • 10 guests • $310,000

BNB

Calc

Annual Revenue

$143,483

Profit (Cash Flow)

$90,239

Cap Rate

35.9%

Annual Revenue

$143,483

AirDNA projects $325/night at 63% occupancy ($74,783). Airbtics projects $360/night at 67% occupancy ($88,096). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 67% occupancy rate, $586 rate per night.

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

Percentiles25%50%75%90%
Revenue$72,048$83,558$113,203$130,612
Occupancy48%76%81%90%
Nightly Rate$253$317$391$444

Seasonality (Profit by Month)

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Return Metrics

109.97% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$90,238$180,477$270,715$360,954$451,192$902,385$2,707,157
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$3,045$6,278$9,711$13,355$17,225$40,459$248,000
Down Payment$62,000$62,000$62,000$62,000$62,000$62,000$62,000
Property Appreciation$9,300$18,879$28,745$38,907$49,374$106,614$442,451
Total Return$164,584$267,634$371,172$475,218$579,793$1,111,459$3,459,608

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

109.97%

Cap Rate

35.85%

Return on Investment

125.02%

property-location

2188 Arapahoe Rd Holland, Michigan, 49424-2378

4 bed • 3 bath • 10 guests

Est. $1,487/mo

Agent

Inquire about this property

Contact Agent

$405,800

Zestimate

$143,483

Annual Revenue

BNBCalc predicts this property will get $360 per night with 67% occupancy, putting it in the top 47% revenue percentile compared to similar properties nearby.

Top 61% of comparables

Top 11% of comparables


Seasonality

Sign up to view the full seasonality chart

$90,239

Profit

Revenue

$143,483

Operating Expenses

$32,333

Operating Income

$111,150

Mortgage & Taxes

$20,912

Profit (Cash Flow)

$90,239

$82,050

Cash Investment

Down Payment

$62,000

Renos & Furnishing

$10,750

Closing Costs

$9,300

Total

$82,050

DSCR Ratio

Strong

5.32

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

109.97%

Cap Rate

35.85%

Profit (Cummulative)

$90,239

$3,045

$10,750

$9,300

$0

Total Gain

$102,584

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

$14,713

Deductible property tax

$3,069

Your total deduction

-$58,044

Your adjusted annual income

$150,000 - -$58,044 = $208,044


Taxes on $208,044 (30%)

$62,413

Your old tax bill

$45,000

Your new tax bill

$62,413


Estimated tax savings

-$17,413

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:

1983

Size:

1,893 sqft

Type:

SFR

Parking:

2

Heating:

FORCED AIR

Sold Comparables

AddressBedsBathsSquare Feet$/SqFtLot SizeYear BuiltLast SaleDays on Market
438 Spruce St332,781-01989$620,00038
2188 Whispering Dunes Dr321,548-01979$315,000102
2103 Woodlark Dr332,609-01990$495,00046
429 S Lakeshore Dr421,008-01960$0-
225 N 168th Ave311,056-01977$115,000-
2117 Randall St321,440-01960$289,00021
2017 Lake St321,315-01958$400,00057
2077 Woodlark Dr431,952-01990$450,000-
450 S Lakeshore Dr331,870-01983$474,900-
2138 Woodlark Dr432,677-01989$440,000-

Property Details

  • MLS Status: N/A
  • Property Use: Single Family Residence
  • Stories: 3
  • Lot size: -
  • Building area: 1,893 sqft
  • Garage: Yes
  • Heating: Forced air
  • Pool: No
  • Fireplaces: 1
  • Basement: No
  • Cooling: -
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: -

Lot Info

  • Zoning: R-3
  • Land Use: Residential
  • Parcel Number: 70-15-28-277-005
  • Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

  • Year Assessed: 2022
  • Assessed Value: $161,600
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $376,707


Sale history

DateSale Price% FinancedBuyer
08/02/21$310,00090%Kathryn Johnson, Matthew Johnson
03/24/17$205,00098%Jared J Breuker, Julie L Breuker

Ownership

  • Name: Kathryn Johnson
  • Owner Occupied: Yes
  • Owner Mailing Address: 5159 W Winona St, Chicago, Il 60630
  • Years Owned: 30
  • Home Equity: $117,600
  • Mortgage Balance Remaining: $279,000
  • Financed amount: 98%
  • Owner Type: Individual
  • Lien: No
  • Inherited: No
  • Foreclosure: No