BNBCalc Short Term Rental Investment Analysis 4310 E Burt Lake Rd, Cheboygan, MI, 49721

4 bed • 2 bath • 12 guests • $433,400

BNB

Calc

Annual Revenue

$72,658

Profit (Cash Flow)

$20,297

Cap Rate

11.4%

Annual Revenue

$72,658

AirDNA projects $445/night at 50% occupancy ($81,266). Airbtics projects $349/night at 57% occupancy ($72,657). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 57% occupancy rate, $349 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$41,436	$70,620	$107,940	$148,680
Occupancy	45%	55%	65%	74%
Nightly Rate	$245	$343	$438	$525

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
"The Yellow House" - Mullett Lake	$35,097	$172	54%	4	2	1	$100	❌	❌	❌	Y / Y	⭐️ 5 (201)
Lakefront Cottage with Stunning Views	$54,582	$232	63%	4	2	3	$155	❌	❌	❌	Y / Y	⭐️ 5 (74)
Relaxing Cottage on Crooked Lake	$87,682	$413	56%	4	2	2	$275	❌	❌	✅	Y / Y	⭐️ 5 (21)
Eagles Nest	$94,302	$366	64%	4	2.5	3	$250	❌	❌	✅	Y / Y	⭐️ 4.5 (15)
Northern Michigan Getaway (Petoskey/ Harbor)	$50,360	$188	72%	4	1	2	$90	✅	❌	✅	Y / Y	⭐️ 5 (128)
Tranquil RiverHouse Cabin Retreat w/ Hot Tub.	$78,687	$453	46%	4	3	2	$200	❌	✅	✅	Y / Y	⭐️ 5 (70)
Charming Riverfront Home	$82,015	$434	46%	4	3	7	$225	❌	❌	❌	Y / Y	⭐️ 5 (71)
Large Cottage with Sunset Views on Burt Lake!	$106,786	$504	57%	4	3.5	3	$175	❌	❌	❌	Y / Y	⭐️ 5 (28)
The Retreat on Canal Street	$31,235	$192	42%	4	2	2	$225	❌	❌	❌	Y / Y	⭐️ 4.5 (39)
Hideaway Lodge: Little Bear Lodge 4bd/6bth slps 18	$86,138	$523	45%	4	4	2	$199	✅	✅	❌	Y / Y	⭐️ 5 (12)
Full Cabin at Hidden River	$44,764	$270	45%	4	4.5	3	$120	❌	❌	✅	Y / Y	⭐️ 5 (26)
Secluded location at NW corner of Burt Lake	$46,797	$310	34%	4	2	7	$250	❌	✅	❌	Y / Y	⭐️ 4.5 (18)
4k sqft Log Chalet, Chef’s Kitchen, no fees, pets!	$157,629	$582	74%	4	2.5	3	$0	✅	✅	✅	Y / Y	⭐️ 5 (38)
Charming four bedroom house on the hill	$34,866	$227	41%	4	2	2	$200	❌	❌	✅	Y / Y	⭐️ 5 (84)
Waterfront Petoskey Cottage w/ Deck + Grill!	$173,568	$636	73%	4	2.5	2	$227	❌	❌	❌	Y / N	⭐️ 4.5 (53)
4BR w/ Sauna, Playground, Gameroom - secs to Boyne	$89,315	$402	59%	4	3	2	$250	❌	❌	✅	Y / Y	⭐️ 5 (40)
Lake Huron Beachfront Home with Sauna	$71,749	$310	62%	4	2	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (177)
Cozy retreat near local resorts, skiing/golf	$68,237	$236	79%	4	2.5	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (53)
Harbor Springs Condo - Beach, Ski, Relax, & Unwind	$68,695	$378	49%	4	3	2	$225	✅	✅	❌	Y / Y	⭐️ 5 (111)
Hidden Acres Vestur Cabin - Fall Getaway - Hot Tub	$84,948	$312	73%	4	2	2	$175	❌	✅	✅	Y / Y	⭐️ 5 (51)
Petoskey Cedar House Near Shopping, Dining, Beach!	$88,623	$469	51%	4	2	1	$358	❌	❌	❌	Y / Y	⭐️ 5 (30)
Spring Break open! Hot Tub-Game Rm-15mins to Boyne	$81,560	$269	79%	4	2.5	3	$220	❌	✅	❌	Y / Y	⭐️ 5 (65)
Ski Chalet in the Woods -Year round get-away fun!!	$57,614	$177	82%	4	1.5	3	$170	❌	❌	❌	Y / Y	⭐️ 5 (185)
Good Times in the Pines 15 Mins to Nubs/Hot tub!	$107,348	$559	52%	4	3	3	$200	✅	✅	✅	Y / Y	⭐️ 5 (44)
Cozy Chic of Cheboygan Hot Tub, Tanning & Massage!	$72,319	$271	72%	4	2	2	$125	❌	✅	✅	Y / Y	⭐️ 5 (15)
Up North Lodge that checks all boxes! W/ AC	$82,457	$373	60%	4	2	3	$250	✅	❌	❌	Y / Y	⭐️ 5 (65)
Open This Weekend! Nubs! Boyne! Sauna!	$61,703	$413	34%	4	3	2	$335	❌	❌	❌	Y / Y	⭐️ 5 (10)
Larks Lake Lodge:Private Dock,Kayaks, & Snowmobile	$51,765	$297	44%	4	2.5	1	$210	❌	❌	❌	Y / Y	⭐️ 5 (61)
Harbor Cove-Northern MI Bliss-Pool-Private Beach	$118,439	$547	55%	4	3	2	$200	✅	❌	❌	Y / Y	⭐️ 5 (67)
New AC Chic Wooded Hideaway in Harbor Springs	$59,781	$344	44%	4	2	3	$200	❌	❌	❌	Y / Y	⭐️ 5 (48)
Cute Harbor Springs Home Near Ski HIlls & Downtown	$96,095	$498	51%	4	3	1	$358	❌	❌	❌	Y / Y	⭐️ 5 (12)
Mountain Cabin overlook Boyne near Nubs W/ Hot Tub	$74,784	$500	40%	4	2	2	$357	✅	✅	❌	Y / Y	⭐️ 5 (37)
Woody’s Place on the Bike Path	$42,853	$186	61%	4	1	2	$100	❌	❌	❌	Y / Y	⭐️ 5 (27)
Hidden Acres- Austur Cabin- Close to town- Hot Tub	$88,805	$342	68%	4	2	2	$175	❌	✅	✅	Y / Y	⭐️ 5 (53)
Palmer's Burt Lake Cottage - Private Dock! Waterfr	$66,172	$388	41%	4	3.5	1	$438	❌	❌	❌	Y / Y	⭐️ 5 (4)
All Season Cottage on Pickerel Lake with Hot Tub.	$57,390	$381	39%	4	2	2	$250	❌	✅	❌	Y / Y	⭐️ 5 (38)
Charming condo for sun or snow. 3 King Beds!	$52,553	$259	54%	4	3.5	2	$200	✅	❌	❌	Y / Y	⭐️ 5 (10)
LakeSide Club #59 across from heated indoor pool	$96,241	$248	100%	4	3	3	$200	✅	✅	❌	Y / Y	⭐️ 5 (92)
Petoskey 4 bdrm newer vacation home	$33,838	$139	64%	4	1.5	2	$75	❌	❌	✅	Y / Y	⭐️ 4.5 (36)
Rolling Highlands Farm	$40,456	$197	55%	4	1	2	$85	❌	❌	✅	Y / Y	⭐️ 5 (121)

Return Metrics

18.42% cash on cash return is a great return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$20,296	$40,593	$60,889	$81,186	$101,483	$202,966	$608,899
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$4,257	$8,778	$13,577	$18,672	$24,081	$56,564	$346,720
Down Payment	$86,680	$86,680	$86,680	$86,680	$86,680	$86,680	$86,680
Property Appreciation	$13,002	$26,394	$40,187	$54,395	$69,029	$149,053	$618,575
Total Return	$124,236	$162,445	$201,335	$240,934	$281,274	$495,264	$1,660,875

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

18.42%

Cap Rate

11.42%

Return on Investment

34.08%

4310 E Burt Lake Rd Cheboygan, Michigan, 49721

4 bed • 2 bath • 12 guests

Purchase Price

Est. $2,079/mo

Inquire about this property

Contact Agent

$433,400

Zestimate

109

Airbnb Investor Score

$20,296

Annual Profit

11.4%

Cap Rate

18.4%

Cash on Cash

$72,658

Annual Revenue

BNBCalc predicts this property will get $349 per night with 57% occupancy, putting it in the top 48% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 44% of comparables

Avg Daily Rate

Top 48% of comparables

Seasonality

40 Airbnb Comparables

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

$74,456

Avg annual revenue

57%

Avg occupancy rate

$349

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

$30k

$75k

$125k

$175k

$20,297

Profit

Revenue

$72,658

Operating Expenses

$23,126

Operating Income

$49,532

Mortgage & Taxes

$29,236

Profit (Cash Flow)

$20,297

$110,182

Cash Investment

Down Payment

$86,680

Renos & Furnishing

$10,500

Closing Costs

$13,002

Total

$110,182

DSCR Ratio

Strong

1.69

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

18.42%

Cap Rate

11.42%

Return on Investment

34.08%

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

$20,570

Deductible property tax

$4,291

Your total deduction

$24,089

Your adjusted annual income

$150,000 - $24,089 = $125,911

Taxes on $125,911 (30%)

$37,773

Your old tax bill

$45,000

Your new tax bill

$37,773

Estimated tax savings

$7,227

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:

0.29 sqft

Year built:

2006

Size:

1,914 sqft

Type:

SINGLE_FAMILY

Parking:

Heating:

Forced Air, Propane

Sold Comparables

Property Details

MLS Status: N/A

Property Use: SINGLE_FAMILY

Stories: 1

Lot size: 0.29 sqft

Building area: 1,914 sqft

Garage: No

Heating: Forced air, propane

Pool: No

Fireplaces: -

Basement: Yes

Cooling: Wall/Window Unit(s)

View: Lake, Skyline

Parking: Driveway, Gravel, Private

Amenities: Gas Water Heater, Microwave, Washer/Dryer, Refrigerator, Built-In Electric Oven, Built-In Electric Range

Price per square foot: $226

Lot Info

Zoning: -

Land Use: -

Parcel Number: 16120B0500000300

Flood Zone: No

Tax Info

Year Assessed: 2024

Assessed Value: $331,600

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $433,400

Schools

Elementary School: Pellston Elementary School with 9/10 star rating