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

4 bed • 2 bath • 12 guests • $487,000

BNB

Calc

Annual Revenue

$61,171

Profit (Cash Flow)

$43,115

Cap Rate

9.8%

Annual Revenue

$61,171

AirDNA projects $434/night at 36% occupancy ($57,065). Airbtics projects $316/night at 53% occupancy ($61,171). Airbtics predicts this property will perform in the 49% revenue percentile

BNB Calc projects a 53% occupancy rate, $316 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$37,444	$56,499	$80,832	$121,191
Occupancy	43%	50%	61%	71%
Nightly Rate	$235	$303	$355	$456

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
HUGE HOME Bar Lake FRONT 4BR/3.5bath w/3 bed bunky	$187,209	$479	100%	4	3.5	2	$300	❌	✅	✅	Y / Y	⭐️ 5 (19)
Woodland Lodge 40 acres close to Crystal Mountain	$56,978	$266	54%	4	3	1	$360	❌	❌	✅	Y / Y	⭐️ 5 (19)
Renovated House on the Betsie River!	$57,959	$329	48%	4	2	2	$160	❌	❌	❌	Y / Y	⭐️ 5 (8)
Scenic North Hideaway- Northern Michigan Escape	$41,644	$264	42%	4	3	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (116)
Crystal Mountain Ski Bunnies Chalet	$37,348	$268	37%	4	3	2	$150	✅	✅	❌	Y / Y	⭐️ 5 (137)
Only 3 miles from Crystal Mountain!	$59,166	$214	72%	4	2	2	$125	❌	✅	✅	Y / Y	⭐️ 5 (235)
Hot Tub! skiing, snowmobiling, fishing, Wellston	$52,232	$213	67%	4	2	3	$0	❌	✅	❌	Y / Y	⭐️ 5 (88)
Golf & Ski Haus \| Sauna \| 24hr Crystal Shuttle	$54,567	$412	35%	4	3	2	$250	❌	❌	❌	Y / Y	⭐️ 5 (24)
4 Bedroom/2 Bath Home 20 Acres of Woods - Hot Tub	$37,880	$207	50%	4	2	2	$0	❌	✅	❌	Y / Y	⭐️ 4.5 (28)
Spacious home nestled between two beautiful lakes	$52,686	$408	35%	4	3	2	$350	❌	❌	❌	Y / Y	⭐️ 5 (38)
Beautiful Cabin on 10 acres, get ready to relax!	$58,147	$366	43%	4	2	2	$250	❌	✅	✅	Y / Y	⭐️ 5 (47)
Well furnished 3br bungalow in downtown area	$38,201	$145	69%	4	1	2	$60	❌	❌	❌	Y / Y	⭐️ 5 (116)
Spacious Home near Downtown, River Walk, and Beach	$63,355	$300	57%	4	2.5	3	$175	❌	❌	❌	Y / Y	⭐️ 5 (13)
Crystal's Golf, Fish & Ski Haus, Adventure Awaits!	$54,707	$335	43%	4	2	2	$180	✅	❌	❌	Y / Y	⭐️ 5 (37)
Gorgeous Lemon Lodge 1mile to Crystal Mtn, Pets Ok	$57,087	$190	80%	4	2	2	$165	✅	❌	✅	Y / Y	⭐️ 5 (30)
The Sundowner - Gorgeous & Great Location!	$178,774	$740	65%	4	2	2	$225	❌	❌	✅	Y / Y	⭐️ 5 (6)
Centennial House - Great Location with Lakeview!	$25,808	$134	50%	4	2	3	$195	❌	❌	✅	Y / Y	⭐️ 4.5 (93)
Spacious - 4 Bedroom -Full Kitchen-3 Full - Bath	$65,542	$355	50%	4	3	2	$129	❌	❌	✅	Y / Y	⭐️ 5 (76)
Bm&m northern getaway	$44,289	$263	45%	4	2	2	$110	❌	✅	✅	Y / Y	⭐️ 5 (50)
Cozy Lake Michigan cottage with spectacular views	$65,145	$354	50%	4	2	2	$80	❌	❌	✅	Y / Y	⭐️ 5 (78)
Private Dock, Huge Yard, Fire Pit + Pet-friendly	$48,161	$214	61%	4	1	2	$85	❌	❌	✅	Y / Y	⭐️ 5 (146)
Ski Crystal! Pontoon Boat! Sandy Beach! New Wi-fi!	$49,835	$296	46%	4	2	2	$0	❌	❌	✅	Y / Y	⭐️ 5 (43)
Lake Bluffs Farmhouse	$100,364	$454	60%	4	4	3	$250	❌	❌	❌	Y / N	⭐️ 5 (3)
Ski Crystal! Gameroom! Pontoon Boat! New Wi-fi!	$46,972	$279	46%	4	2	2	$0	✅	❌	✅	Y / Y	⭐️ 5 (43)
Third Coast Therapy on the Shores of Lake Michigan	$77,350	$350	60%	4	2.5	3	$180	❌	❌	❌	Y / Y	⭐️ 5 (55)
M22 Lk Michigan, Frankfort/Crystal Area Beach Home	$86,960	$497	44%	4	2.5	6	$250	❌	❌	❌	Y / Y	⭐️ 5 (62)
Beautiful 4 bedroom home, Walk to the Lake!	$29,198	$134	56%	4	2	2	$160	❌	❌	❌	Y / Y	⭐️ 5 (57)
⚓️Marcell's Mainstay⚓️ Downtown Beach House	$44,056	$191	61%	4	1	2	$130	❌	❌	✅	Y / Y	⭐️ 5 (76)
Crystal Mt Betsie River 4 bedroom golf/ski home.	$59,001	$348	45%	4	3	2	$175	❌	❌	❌	Y / Y	⭐️ 5 (65)
Nestled in the woods & steps from Main St./Beach	$50,727	$242	57%	4	2	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (99)
231 Lodge 1 mi to Crystal Mtn	$22,445	$196	30%	4	2	2	$110	❌	❌	✅	Y / Y	⭐️ 4.5 (59)
Riverfront cottage, 20 min to Lake Michigan!	$92,370	$344	71%	4	2	4	$150	❌	❌	❌	Y / Y	⭐️ 5 (26)
Ski Crystal! Pontoon Boat! Kayaks! New Wi-fi!	$51,686	$307	46%	4	2	2	$0	❌	❌	✅	Y / Y	⭐️ 5 (40)
The Old Manistee Lighthouse	$42,887	$279	42%	4	2	4	$0	❌	❌	✅	Y / Y	⭐️ 5 (12)
Great Gathering Spot Close to Lake Michigan	$37,492	$293	33%	4	2	2	$175	❌	❌	✅	Y / Y	⭐️ 5 (23)
Beautiful 4bdrm home, perfect for families	$97,693	$600	44%	4	3	3	$200	✅	✅	❌	Y / Y	⭐️ 5 (9)
Modern Lake Front with Beach, Firepit, WiFi	$92,305	$388	65%	4	3.5	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (9)
Elberta Bluffs Cottage	$66,616	$322	56%	4	2	1	$230	❌	❌	❌	Y / Y	⭐️ 5 (208)
South Peak Bear Lake	$85,516	$318	73%	4	1	7	$20	✅	✅	✅	Y / Y	⭐️ 5 (7)
Zen Acres! Modern Farmhouse!	$45,500	$358	32%	4	3.5	3	$150	❌	❌	❌	Y / Y	⭐️ 5 (7)

Return Metrics

58.41% 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)	$43,114	$86,229	$129,343	$172,458	$215,573	$431,146	$1,293,438
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$438,299	$438,299	$438,299	$438,299	$438,299	$438,299	$438,299
Down Payment	$48,700	$48,700	$48,700	$48,700	$48,700	$48,700	$48,700
Property Appreciation	$14,610	$29,658	$45,158	$61,122	$77,566	$167,487	$695,076
Total Return	$544,724	$602,887	$661,501	$720,581	$780,139	$1,085,633	$2,475,515

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

58.41%

Cap Rate

9.84%

Return on Investment

84.23%

2892 High St Bear Lake, Michigan, 49614

4 bed • 2 bath • 12 guests

Purchase Price

Est. $2,336/mo

Inquire about this property

Contact Agent

$487,000

Zestimate

191

Airbnb Investor Score

$5,930

Annual Profit

9.8%

Cap Rate

58.4%

Cash on Cash

$61,171

Annual Revenue

This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $434/night at 36% occupancy.Projected nightly rate is $316/night at 53% occupancy.

Occupancy Rate

Top 44% of comparables

Avg Daily Rate

Top 46% of comparables

Seasonality

40 Airbnb Comparables

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

$62,896

Avg annual revenue

53%

Avg occupancy rate

$316

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

$75k

$130k

$190k

$43,115

Profit

Revenue

$61,171

Operating Expenses

$13,235

Operating Income

$47,936

Mortgage & Taxes

$4,821

Profit (Cash Flow)

$43,115

$59,200

Cash Investment

Down Payment

$48,700

Renos & Furnishing

$10,500

Total

$59,200

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

58.41%

Cap Rate

9.84%

Return on Investment

84.23%

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

$30,396

Deductible property tax

$4,821

Your total deduction

$41,893

Your adjusted annual income

$150,000 - $41,893 = $108,107

Taxes on $108,107 (30%)

$32,432

Your old tax bill

$45,000

Your new tax bill

$32,432

Estimated tax savings

$12,568

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