8920 Silver Lake Rd Mears, Michigan
4 bed • 3 bath • 8 guests
Purchase Price
Est. $NaN/mo
$61,512
Annual Revenue
Median of 17 comps selected by Bill, creator of this analysis.
- Avg Daily Rate
- $567
- Occupancy
- 30%
$5k
$40k
$75k
$110k
$111,465 | $79,472 | $1,175 | 26% | 4 | 14 | 106 | 8 | 4 | $325 | ❌ | ✅ | ❌ | Yes / Yes | ❌ | ⭐️ 4.9 (229) | Profile | |
$104,342 | $50,791 | $475 | 60.2% | 4 | 15 | 16 | 9 | 2 | $0 | ✅ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 4.88 (16) | Profile | |
$95,506 | $84,042 | $1,330 | 19.7% | 4 | 12 | 46 | 6 | 3 | $0 | ❌ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 2.5 (4) | — | |
$94,119 | $46,020 | $474 | 54.4% | 4 | 15 | 16 | 9 | 2 | $0 | ✅ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 4.88 (16) | Profile | |
$82,115 | $23,261 | $468 | 48.1% | 4 | 12 | 48 | 6 | 2 | $100 | ❌ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 4.97 (29) | Profile |
Seasonality
Break-even
$6,100/mo
Avg profit / month
-$1,140/mo
Best profit month
Jul $7,022
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
Cash on Cash Return
-7.11%
Cap Rate
4.71%