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}

Percentiles	25%	50%	75%	90%
Revenue	$32,762	$52,348	$81,607	$122,394
Occupancy	41%	48%	61%	67%
Nightly Rate	$215	$292	$358	$484

Seasonality (Profit by Month)

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%	3	2	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (21)
Hemingway's Hideaway Perfect Spring Escape	$38,209	$221	45%	3	1.5	1	$150	❌	❌	❌	Y / Y	⭐️ 5 (88)
Hopkins Park Lake Side Inn	$31,402	$154	52%	3	1	2	$75	❌	❌	✅	Y / Y	⭐️ 5 (27)
Private fishing, perfect cabin vacation	$44,983	$181	62%	3	1	3	$150	❌	❌	✅	Y / Y	⭐️ 5 (80)
Mitigoog House	$23,390	$157	40%	3	1	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (31)
Secluded Betsie River Cabin on 8 acres!	$88,703	$298	80%	3	2	2	$160	❌	❌	❌	Y / Y	⭐️ 5 (29)
Tuckaway Log Cabin on Bar Lake: Walk to Big Lake	$49,986	$226	60%	3	1	2	$175	❌	❌	✅	Y / Y	⭐️ 5 (221)
Renovated 1892 Schoolhouse on M-22	$69,497	$483	35%	3	2	3	$250	❌	❌	✅	Y / Y	⭐️ 5 (3)
Lake Michigan Waterfront at Inspiration Point	$98,082	$444	60%	3	2	2	$120	❌	❌	❌	Y / Y	⭐️ 5 (118)
Bear Lake Bliss - 3bd/2ba Lakefront & Private Dock	$49,932	$246	47%	3	2	2	$200	❌	❌	❌	Y / Y	⭐️ 5 (12)
Sailor's Delight - Remodeled and Super Cute!	$25,494	$99	66%	3	1.5	1	$175	❌	❌	✅	Y / Y	⭐️ 5 (69)
Cheerful 3-bedroom home central to everything	$32,915	$144	58%	3	2	2	$180	❌	❌	✅	Y / Y	⭐️ 5 (73)
White Birch - Riverfront and Newly-Remodeled!	$41,682	$172	60%	3	2	1	$195	❌	❌	✅	Y / Y	⭐️ 5 (47)
Thompsonville Lodge\|75" TV w/ Sonos\|Hot tub\|Sauna	$75,402	$248	78%	3	3	1	$270	❌	✅	❌	Y / Y	⭐️ 5 (151)
Up North Escape	$51,605	$293	47%	3	2	3	$200	❌	❌	✅	Y / Y	⭐️ 5 (36)
Handcrafted Log Home on River Near Crystal Mtn	$75,948	$421	46%	3	2	3	$361	❌	❌	❌	Y / Y	⭐️ 5 (14)
Beautiful historic home right in downtown Manistee	$33,093	$159	55%	3	1.5	2	$120	❌	❌	❌	Y / Y	⭐️ 5 (22)
Close to BEACH & downtown-Private Backyard-Stylish	$32,608	$148	55%	3	1.5	2	$200	❌	❌	✅	Y / Y	⭐️ 5 (67)
Crystal Mountain Getaway	$89,796	$297	79%	3	1.5	2	$130	✅	✅	❌	Y / N	⭐️ 5 (77)
Northern Waters Adventure	$23,319	$113	54%	3	1	3	$75	❌	❌	✅	Y / Y	⭐️ 5 (46)
Log Cabin on 22 acres, 2 min to Crystal, Game Rm	$53,428	$323	44%	3	2	2	$175	❌	❌	❌	Y / Y	⭐️ 5 (94)
Lost Oak Lodge, Log home near Tippy Dam	$52,290	$212	67%	3	2	2	$75	❌	❌	✅	Y / Y	⭐️ 5 (220)
Bison Acres Close to Crystal Mt with Hot Tub	$51,983	$332	40%	3	2	2	$420	❌	✅	❌	Y / Y	⭐️ 4.5 (22)
Cook's Cozy Cabin Near Trails, River, and Casino!	$24,814	$96	66%	3	1	2	$85	❌	❌	❌	N / Y	⭐️ 5 (228)
Schuessler House	$26,100	$112	62%	3	1	2	$75	❌	❌	✅	Y / Y	⭐️ 5 (71)
Pine Creek Cove 3 Bed 20 ac. Pond/Creek & Trails	$43,875	$182	65%	3	2	2	$95	❌	❌	❌	Y / Y	⭐️ 5 (120)
Michigan Riverhouse	$62,826	$356	41%	3	2	2	$250	❌	❌	❌	Y / Y	⭐️ 5 (97)
Near Lakes/Rivers/Skiing w/Hot tub/Kayaks & More!	$55,846	$185	80%	3	2	1	$150	✅	✅	✅	Y / Y	⭐️ 5 (87)
My Happy Place - Gorgeous and Great Location!	$61,920	$281	58%	3	1.5	2	$185	❌	❌	✅	Y / Y	⭐️ 5 (64)
Duneshadow Retreat Manistee	$75,815	$304	67%	3	2	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (19)
Sunset Lake Front Home	$49,455	$226	58%	3	1.5	2	$175	❌	❌	✅	Y / Y	⭐️ 5 (90)
Fox Farm Den	$30,257	$164	49%	3	1	1	$100	❌	❌	❌	Y / Y	⭐️ 5 (40)
May/June Special Rates! Book Early Summer Getaway	$71,151	$225	84%	3	1.5	2	$70	❌	❌	❌	Y / Y	⭐️ 5 (29)
Hockman's Haven - 2 .4 Miles from Crystal Mountain	$28,862	$127	59%	3	1	2	$120	❌	❌	❌	Y / Y	⭐️ 4.8 (76)
Secluded Home on Betsie River	$33,269	$217	39%	3	2	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (32)
Lux Modern Log Cabin at Crystal Lake	$50,239	$249	54%	3	2	2	$235	❌	❌	❌	Y / Y	⭐️ 5 (55)
Bright Manistee Condo w/ Beach + Pool Access!	$26,770	$162	44%	3	2.5	2	$207	✅	✅	❌	Y / Y	⭐️ 5 (26)
3 Level Condo in Harbor Village-Manistee Mi 49660	$40,786	$245	38%	3	2.5	3	$175	✅	✅	❌	Y / Y	⭐️ 5 (29)
Beautiful Victorian Vacation Home	$35,770	$198	48%	3	2	2	$150	❌	✅	✅	Y / Y	⭐️ 5 (135)
Near Caberfae, Crystal Mountain, Tippy Dam & more!	$26,241	$130	54%	3	1	2	$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

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
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:

Revenue Appreciation:

Cash on Cash Return

10.85%

Cap Rate

9.57%

Return on Investment

26.13%

2892 High St Bear Lake, Michigan, 49614

3 bed • 2 bath • 8 guests

Purchase Price

Est. $2,113/mo

Inquire about this property

Contact Agent

$483,500

Zestimate

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.

Occupancy Rate

Top 23% of comparables

Avg Daily Rate

Top 16% of comparables

Seasonality

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

🏊‍♂️ Pool

🛁 Hot tub

🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$20k

$45k

$70k

$100k

$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

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

10.85%

Cap Rate

9.57%

Return on Investment

26.13%

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

Schools