6848 E Lake Bluffs Dr Traverse City, Michigan, 49684
4 bed • 3 bath • 12 guests
Est. $4,200/mo

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$875,600
Zestimate
Airbnb Investor Score
$3,238
Annual Profit
7.1%
Cap Rate
1.5%
Cash on Cash
$87,337
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
AirDNA projects $409/night at 43% occupancy ($64,235.46). Airbtics projects $427/night at 56% occupancy ($87,337).
Top 46% of comparables
Top 38% of comparables
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$88,723
Avg annual revenue
56%
Avg occupancy rate
$427
Avg nightly rate
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Revenue per year
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$3,238
Profit
Revenue
$87,337
Operating Expenses
$25,034
Operating Income
$62,303
Mortgage & Taxes
$59,065
Profit (Cash Flow)
$3,238
$212,138
Cash Investment
Down Payment
$175,120
Renos & Furnishing
$10,750
Closing Costs
$26,268
Total
$212,138
DSCR Ratio
Acceptable
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
1.52%
Cap Rate
7.11%
STR Tax Calculator (USA)
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
$41,557
Deductible property tax
$8,668
Your total deduction
$84,990
Your adjusted annual income
$150,000 - $84,990 = $65,010
Taxes on $65,010 (30%)
$19,503
Your old tax bill
$45,000
Your new tax bill
$19,503
Estimated tax savings
$25,497
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
1.81 sqft
Year built:
2025
Size:
2,527 sqft
Type:
SINGLE_FAMILY
Parking:
-
Heating:
Forced Air, Natural Gas, Fireplace(s)
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: 2
- Lot size: 1.81 sqft
- Building area: 2,527 sqft
- Garage: No
- Heating: Forced air, natural gas, fireplace(s)
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: Central Air
- View: -
- Parking: None, Asphalt
- Amenities: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer
- Price per square foot: $346
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 010-700-021-00+
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $430,000
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $875,300
Schools
- Elementary School: Long Lake Elementary School with 5/10 star rating
- Middle School: West Middle School with 6/10 star rating