BNBCalc.com Investment Analysis Report of 257 E Michigan Ave

4 bed • 1.5 bath • 12 guests • $52,000

BNB

Calc

Return Metrics

42.91% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

42.91%

Cap Rate

25.16%

Return on Investment

52.18%

Annual Revenue

$30,768

AirDNA projects $156/night at 54% occupancy ($30,768). Airbtics projects $254/night at 51% occupancy ($47,313). Airbtics predicts this property will perform in the 49% revenue percentile

Revenue Percentile

Percentiles	25%	50%	75%	90%
Revenue	$23,950	$40,116	$69,292	$113,768
Occupancy	39%	49%	58%	73%
Nightly Rate	$163	$217	$317	$414

Seasonality (Profits By Month)

Airbnb Comparables

Airbnb name	Revenue	Rate Per Night	Occupancy	Beds	Baths	Guests	Night	Cleaning	Pool	H.Tub	Pets	W/D	Reviews	Host
A HOT FIND Powderhorn Porch 4B/1BA dwntwn Bungalow	$25,523	$101	66%	4	1	8	2	$80	❌	❌	❌	N / Y	⭐️ 5 (87)	Profile
B Trail Riders Haven-Heated Garage-1 Block ATV Trail	$27,792	$132	53%	4	2	9	2	$145	❌	❌	✅	N / Y	⭐️ 5 (109)	Profile
C Woodski Haus	$31,202	$116	71%	4	2	7	2	$65	❌	❌	❌	N / Y	⭐️ 4.8 (101)	Profile
D The House Next Door, In-Town Two Story House	$27,082	$115	62%	4	1	8	2	$75	❌	❌	❌	N / Y	⭐️ 5 (232)	Profile
E The Cookie Cottage	$26,619	$124	56%	4	2	8	1	$100	❌	❌	❌	N / Y	⭐️ 5 (219)	Profile

Operating Expenses

Monthly Expenses

$1,473

Annual Expenses

$17,680

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$956

Property Insurance

$150

HOA

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

Other

Cleaning Cost

$256

Management & Platform Fees

$77

Platform Fee (i.e. Airbnb)

$77

Property Manager Fee

Mortgage & Taxes

Monthly Mortgage & Tax

$292

Annual Mortgage & Tax

$3,504

Downpayment

Purchase Price

$52,000

Percent Down

20%

Total Downpayment

$10,400

Total Loan Amount

$41,600

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

Monthly Loan Payment

$249

Property Tax Yearly

0.99%

Property Tax Monthly

$43

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

10,019 sqft

Year built:

1940

Size:

1,500 sqft

Type:

SFR

Parking:

Heating:

Forced Air Unit

Sold Comparables

Address	Beds	Baths	Square Feet	Lot Size	Year Built	Last Sale
911 Nightingale St	2	1	1,300	13,068	1940	$47,000
219 N Lake St	2	1	1,218	6,534	1920	$79,900
628 Pabst St	2	1	1,080	8,276	1914	$30,000
608 Sutherland St	2	1	1,155	3,920	1885	$52,000
224 E Pine St	2	1	992	6,534	1905	$110,000
244 E Ridge St	2	1	812	10,019	1944	$94,000
1314 N Lowell St	3	1	1,049	8,712	1940	$124,900
212 S Mansfield St	3	2	1,520	6,970	1900	$42,000
1010 N Hemlock St	-	1	1,358	13,068		$0

Property Details

MLS Status: N/A

Property Use: Single Family Residence

Stories:

Lot size:10,019 sqft

Building area: 1,500 sqft

Garage: 576 sqft

Heating: Forced air unit

Pool: No

Fireplaces: 1

Basement:

Lot Info

Zoning: R-1

Land Use: Residential

Parcel Number: 52-22-135-130

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $33,678

County Est. Land Value: $67,356

Assessed Land Value: $33,678

County Est. Structure Value: -

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
04/24/18	$0	0%	Wesley T Mcwilliams
12/16/05	$0	0%	James W Kennedy, Deanna L Kennedy

Ownership

Name: Wesley T Mcwilliams

Owner Occupied: Yes

Owner Mailing Address: 10916 59th Ave W, Mukilteo, WA 98275

Years Owned: 79

Home Equity: $76,560

Mortgage Balance Remaining: $50,440

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No

Tax Calculator (USA)

Tax Calculator (US Only)

Example Income

$150,000

Example Income Tax Rate

30%

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$2,468

Deductible property tax

$515

Est. Depreciation Value

$30,589

Profit on this property

$13,088

Your total deduction

$20,484

So, your new taxable income is your previous income minus your total deduction ($150,000 - $20,484)

$129,516

Your old tax bill

$45,000

Your new tax bill

$38,855

Estimated tax savings

$6,145

257 E Michigan Ave Ironwood, Michigan, 49938

4 bed • 1.5 bath • 12 guests

Purchase Price

Est. $249/mo

Inquire about this property

Contact Agent

$34,600

Zestimate

$30,768

Annual Revenue

BNBCalc predicts this property will get $254 per night with 51% occupancy, putting it in the top 49% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

40 Airbnb Comparables

Identify properties similar to yours in terms of amenities and interior design. Then adjust your Occupancy Rate and Average Daily Rate to match.

Revenue per year

$0k

$100k

$195k

$300k

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

42.91%

Cap Rate

25.16%

Return on Investment

52.18%

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

$2,468

Deductible property tax

$515

Your total deduction

-$471

Your adjusted annual income

$150,000 - -$471 = $150,471

Taxes on $150,471 (30%)

$45,141

Your old tax bill

$45,000

Your new tax bill

$45,141

Estimated tax savings

-$141

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