BNBCalc Short Term Rental Investment Analysis 3141 W Bear Lake Rd Ne

4 bed • 3 bath • 12 guests • $275,000

BNB

Calc

Annual Revenue

$68,724

Profit (Cash Flow)

$27,560

Cap Rate

16.8%

Annual Revenue

$68,724

AirDNA projects $392/night at 48% occupancy ($68,724). Airbtics projects $391/night at 51% occupancy ($72,833). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 48% occupancy rate, $392 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$39,539	$76,380	$111,520	$160,492
Occupancy	35%	56%	63%	71%
Nightly Rate	$303	$364	$468	$599

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Cub Hill Chalet - Private Lakefront with Spa!	$189,094	$652	77%	4	2	2	$195	❌	✅	✅	Y / Y	⭐️ 4.8 (140)
North Blue Lake Escape - A Waterfront Oasis	$48,604	$214	58%	4	2	2	$110	❌	❌	✅	Y / Y	⭐️ 4.9 (144)
Lake View&Access/PoolTable/5K Arcade Games/Hot Tub	$131,937	$622	56%	4	2	4	$200	✅	✅	❌	Y / Y	⭐️ 5 (36)
New! Lake Therapy - Lakefront, Charming, and Fun!	$72,995	$333	56%	4	2	2	$195	❌	❌	✅	Y / Y	⭐️ 4.8 (19)
Rustic cottage on scenic lake	$83,419	$353	64%	4	2	5	$150	❌	❌	✅	Y / Y	⭐️ 5 (23)
Te' Lulas Lake Cabin	$82,504	$442	51%	4	2	3	$0	✅	✅	❌	Y / Y	⭐️ 4.8 (28)
Northern Michigan Lakefront	$27,021	$126	55%	4	1	2	$50	❌	❌	❌	N / Y	⭐️ 4.8 (72)
Mid-Century Manistee River Getaway near Grayling	$35,255	$278	33%	4	3	3	$200	❌	✅	✅	Y / Y	⭐️ 5 (9)
Big Twin Lodge - Lake Life/Trail Riding/Seclusion	$33,831	$395	23%	4	4	2	$175	❌	❌	❌	Y / Y	⭐️ 5 (4)
Lodge on the Manistee River:Great for fly-fishing!	$173,254	$566	79%	4	2	1	$330	❌	❌	❌	Y / Y	⭐️ 4.8 (24)
Lake Valley Lodge - Northern Michigan Log Cabin!!!	$40,667	$364	27%	4	2	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (15)
Private lake & ORV trails off property	$44,934	$312	38%	4	3	3	$160	❌	❌	❌	Y / Y	⭐️ 4.8 (41)
Camp Lucky	$98,871	$421	64%	4	3	4	$200	❌	❌	✅	Y / Y	⭐️ 5 (4)
Lakefront Kalkaska Home - Dock, Kayaks & Fire Pit!	$117,797	$494	62%	4	3	5	$258	❌	❌	❌	Y / Y	⭐️ 5 (14)
The Country House: w/ Porch, Fire Pit & Fireplaces	$33,003	$294	30%	4	3	2	$175	❌	❌	✅	Y / Y	⭐️ 5 (21)

Return Metrics

37.24% 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)	$27,559	$55,119	$82,678	$110,238	$137,797	$275,595	$826,785
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$220,000	$220,000	$220,000	$220,000	$220,000	$220,000	$220,000
Down Payment	$55,000	$55,000	$55,000	$55,000	$55,000	$55,000	$55,000
Property Appreciation	$8,250	$16,747	$25,499	$34,514	$43,800	$94,577	$392,497
Total Return	$310,809	$346,866	$383,178	$419,752	$456,597	$645,172	$1,494,282

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

37.24%

Cap Rate

16.76%

Return on Investment

52.04%

3141 W Bear Lake Rd NE Kalkaska, Michigan, 49646-9751

4 bed • 3 bath • 12 guests

Purchase Price

Est. $1,319/mo

Inquire about this property

Contact Agent

$361,300

Zestimate

$68,724

Annual Revenue

BNBCalc predicts this property will get $391 per night with 51% occupancy, putting it in the top 46% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 61% of comparables

Avg Daily Rate

Top 41% of comparables

Seasonality

15 Airbnb Comparables

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

$80,879

Avg annual revenue

51%

Avg occupancy rate

$391

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

$25k

$80k

$135k

$190k

$27,560

Profit

Revenue

$68,724

Operating Expenses

$22,614

Operating Income

$46,110

Mortgage & Taxes

$18,551

Profit (Cash Flow)

$27,560

$74,000

Cash Investment

Down Payment

$55,000

Renos & Furnishing

$10,750

Closing Costs

$8,250

Total

$74,000

DSCR Ratio

Strong

2.49

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

37.24%

Cap Rate

16.76%

Return on Investment

52.04%

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

$13,052

Deductible property tax

$2,722

Your total deduction

$1,168

Your adjusted annual income

$150,000 - $1,168 = $148,832

Taxes on $148,832 (30%)

$44,650

Your old tax bill

$45,000

Your new tax bill

$44,650

Estimated tax savings

$350

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:

171,626 sqft

Year built:

Size:

Type:

SFR

Parking:

Heating:

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
3294 W Bear Lake Rd Ne	3	3	0	-	0	-	$240,000	40
10844 Ruthies Rd Ne	-	-	0	-	514,008	-	$0	-

Property Details

MLS Status: property-details-mls-status-sold

Property Use: Single Family Residence

Stories: -

Lot size: 171,626 sqft

Building area: -

Garage: No

Heating:

Pool: No

Fireplaces: -

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: Residential

Parcel Number: 001-106-017-10

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $132,600

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $257,267

Sale history

Date	Sale Price	% Financed	Buyer
10/07/22	$275,000	0%	Clay Rowland, William S Rowland

Ownership

Name: Clay Rowland

Owner Occupied: Yes

Owner Mailing Address: 3141 W Bear Lake Rd Ne, Kalkaska, Mi 49646

Years Owned: 21

Home Equity: -

Mortgage Balance Remaining: $0

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No