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BNBCalc Short Term Rental Investment Analysis 2892 High St, Bear Lake, MI

3 bed ‱ 2 bath ‱ 8 guests ‱ $440,500

BNB

Calc

Annual Revenue

$72,172

Profit (Cash Flow)

$12,467

Cap Rate

9.6%

Annual Revenue

$72,172

AirDNA projects $295/night at 42% occupancy ($45,253). Airbtics projects $324/night at 50% occupancy ($59,169). Airbtics predicts this property will perform in the 50% revenue percentile

BNB Calc projects a 65% occupancy rate, $304 rate per night.

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

Percentiles25%50%75%90%
Revenue$32,762$52,348$81,607$122,394
Occupancy41%48%61%67%
Nightly Rate$215$292$358$484

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
Slice of paradise
$36,915
$246
41%
322$0❌❌❌Y / Y⭐ 5 (21)
Hemingway's Hideaway Perfect Spring Escape
$38,209
$221
45%
31.51$150❌❌❌Y / Y⭐ 5 (88)
Hopkins Park Lake Side Inn
$31,402
$154
52%
312$75❌❌✅Y / Y⭐ 5 (27)
Private fishing, perfect cabin vacation
$44,983
$181
62%
313$150❌❌✅Y / Y⭐ 5 (80)
Mitigoog House
$23,390
$157
40%
312$100❌❌✅Y / Y⭐ 5 (31)
Secluded Betsie River Cabin on 8 acres!
$88,703
$298
80%
322$160❌❌❌Y / Y⭐ 5 (29)
Tuckaway Log Cabin on Bar Lake: Walk to Big Lake
$49,986
$226
60%
312$175❌❌✅Y / Y⭐ 5 (221)
Renovated 1892 Schoolhouse on M-22
$69,497
$483
35%
323$250❌❌✅Y / Y⭐ 5 (3)
Lake Michigan Waterfront at Inspiration Point
$98,082
$444
60%
322$120❌❌❌Y / Y⭐ 5 (118)
Bear Lake Bliss - 3bd/2ba Lakefront & Private Dock
$49,932
$246
47%
322$200❌❌❌Y / Y⭐ 5 (12)
Sailor's Delight - Remodeled and Super Cute!
$25,494
$99
66%
31.51$175❌❌✅Y / Y⭐ 5 (69)
Cheerful 3-bedroom home central to everything
$32,915
$144
58%
322$180❌❌✅Y / Y⭐ 5 (73)
White Birch - Riverfront and Newly-Remodeled!
$41,682
$172
60%
321$195❌❌✅Y / Y⭐ 5 (47)
Thompsonville Lodge|75" TV w/ Sonos|Hot tub|Sauna
$75,402
$248
78%
331$270❌✅❌Y / Y⭐ 5 (151)
Up North Escape
$51,605
$293
47%
323$200❌❌✅Y / Y⭐ 5 (36)
Handcrafted Log Home on River Near Crystal Mtn
$75,948
$421
46%
323$361❌❌❌Y / Y⭐ 5 (14)
Beautiful historic home right in downtown Manistee
$33,093
$159
55%
31.52$120❌❌❌Y / Y⭐ 5 (22)
Close to BEACH & downtown-Private Backyard-Stylish
$32,608
$148
55%
31.52$200❌❌✅Y / Y⭐ 5 (67)
Crystal Mountain Getaway
$89,796
$297
79%
31.52$130✅✅❌Y / N⭐ 5 (77)
Northern Waters Adventure
$23,319
$113
54%
313$75❌❌✅Y / Y⭐ 5 (46)
Log Cabin on 22 acres, 2 min to Crystal, Game Rm
$53,428
$323
44%
322$175❌❌❌Y / Y⭐ 5 (94)
Lost Oak Lodge, Log home near Tippy Dam
$52,290
$212
67%
322$75❌❌✅Y / Y⭐ 5 (220)
Bison Acres Close to Crystal Mt with Hot Tub
$51,983
$332
40%
322$420❌✅❌Y / Y⭐ 4.5 (22)
Cook's Cozy Cabin Near Trails, River, and Casino!
$24,814
$96
66%
312$85❌❌❌N / Y⭐ 5 (228)
Schuessler House
$26,100
$112
62%
312$75❌❌✅Y / Y⭐ 5 (71)
Pine Creek Cove 3 Bed 20 ac. Pond/Creek & Trails
$43,875
$182
65%
322$95❌❌❌Y / Y⭐ 5 (120)
Michigan Riverhouse
$62,826
$356
41%
322$250❌❌❌Y / Y⭐ 5 (97)
Near Lakes/Rivers/Skiing w/Hot tub/Kayaks & More!
$55,846
$185
80%
321$150✅✅✅Y / Y⭐ 5 (87)
My Happy Place - Gorgeous and Great Location!
$61,920
$281
58%
31.52$185❌❌✅Y / Y⭐ 5 (64)
Duneshadow Retreat Manistee
$75,815
$304
67%
322$150❌❌❌Y / Y⭐ 5 (19)
Sunset Lake Front Home
$49,455
$226
58%
31.52$175❌❌✅Y / Y⭐ 5 (90)
Fox Farm Den
$30,257
$164
49%
311$100❌❌❌Y / Y⭐ 5 (40)
May/June Special Rates! Book Early Summer Getaway
$71,151
$225
84%
31.52$70❌❌❌Y / Y⭐ 5 (29)
Hockman's Haven - 2 .4 Miles from Crystal Mountain
$28,862
$127
59%
312$120❌❌❌Y / Y⭐ 4.8 (76)
Secluded Home on Betsie River
$33,269
$217
39%
322$150❌❌❌Y / Y⭐ 5 (32)
Lux Modern Log Cabin at Crystal Lake
$50,239
$249
54%
322$235❌❌❌Y / Y⭐ 5 (55)
Bright Manistee Condo w/ Beach + Pool Access!
$26,770
$162
44%
32.52$207✅✅❌Y / Y⭐ 5 (26)
3 Level Condo in Harbor Village-Manistee Mi 49660
$40,786
$245
38%
32.53$175✅✅❌Y / Y⭐ 5 (29)
Beautiful Victorian Vacation Home
$35,770
$198
48%
322$150❌✅✅Y / Y⭐ 5 (135)
Near Caberfae, Crystal Mountain, Tippy Dam & more!
$26,241
$130
54%
312$100❌❌❌Y / Y⭐ 5 (102)

Return Metrics

10.85% cash on cash return is a good return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$12,466$24,933$37,399$49,866$62,332$124,665$373,996
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$352,400$352,400$352,400$352,400$352,400$352,400$352,400
Down Payment$88,100$88,100$88,100$88,100$88,100$88,100$88,100
Property Appreciation$13,215$26,826$40,846$55,286$70,160$151,495$628,709
Total Return$466,181$492,259$518,745$545,652$572,992$716,660$1,443,205

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

10.85%

Cap Rate

9.57%

Return on Investment

26.13%

property-location

2892 High St Bear Lake, Michigan, 49614

3 bed ‱ 2 bath ‱ 8 guests

Est. $2,113/mo

Agent

Inquire about this property

Contact Agent

$483,500

Zestimate

72

Airbnb Investor Score

$12,466

Annual Profit

9.6%

Cap Rate

10.9%

Cash on Cash

$72,172

Annual Revenue

BNBCalc predicts this property will get $324 per night with 50% occupancy, putting it in the top 50% revenue percentile compared to similar properties nearby.

Top 23% of comparables

Top 16% of comparables


Seasonality

Sign up to view the full seasonality chart

40

Airbnb Comparables

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

$47,866

Avg annual revenue

55%

Avg occupancy rate

$226

Avg nightly rate


đŸŠâ€â™‚ïž Pool
🛁 Hot tub
đŸ¶ Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$20k

$45k

$70k

$100k

Sign up to see the data on 40 all comparables

$12,467

Profit

Revenue

$72,172

Operating Expenses

$29,991

Operating Income

$42,181

Mortgage & Taxes

$29,715

Profit (Cash Flow)

$12,467

$114,815

Cash Investment

Down Payment

$88,100

Renos & Furnishing

$13,500

Closing Costs

$13,215

Total

$114,815

DSCR Ratio

Strong

1.42

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

10.85%

Cap Rate

9.57%

Profit (Cummulative)

$12,467

$352,400

$13,500

$13,215

$0

Total Gain

$30,009

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

$20,907

Deductible property tax

$4,361

Your total deduction

$33,036

Your adjusted annual income

$150,000 - $33,036 = $116,964


Taxes on $116,964 (30%)

$35,089

Your old tax bill

$45,000

Your new tax bill

$35,089


Estimated tax savings

$9,911

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:

1.58 sqft

Year built:

1990

Size:

1,291 sqft

Type:

SINGLE_FAMILY

Parking:

-

Heating:

Baseboard, Forced Air

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: SINGLE_FAMILY
  • Stories: 2
  • Lot size: 1.58 sqft
  • Building area: 1,291 sqft
  • Garage: No
  • Heating: Baseboard, forced air
  • Pool: No
  • Fireplaces: 0
  • Basement: Yes
  • Cooling: Central Air
  • View: -
  • Parking: -
  • Amenities: -
  • Price per square foot: $356

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 1157000500
  • Flood Zone: No

Tax Info

  • Year Assessed: 2024
  • Assessed Value: $500,000
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $460,500


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