7 best Airbnb investment opportunities | July 4, 2022

A 3 story secluded waterfront cabin on Lake Cushman's with a 36% cash-on-cash return! Today's list includes: MI, NY, PA, CA, OR, TN, & WA.

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615 Maple St, Manistee, MI 49660

Welcome to 615 Maple St in the heart of Manistee. Minutes from Lake Michigan beaches, marinas, and across the street from a recreational park (Skate park, baseball diamond, and play area). Home is on a corner lot flowing with fruit bearing trees and beautiful crimson red maples for some lovely shade in the summer heat. Four car garage was added on, two new garage doors, one remote, enter on one side and exit on the other. Lovely front porch for those summer evenings, wrought iron fence enhances the entire frontage of the home, beautiful ornamental walkway gate in the center. Cast aluminum lamp lightens up the driveway with a dusk to dawn sensor. Many original features of the home still intact and are absolutely lovely! Dark stained wood ceilings, original light fixtures in both bedrooms, original doors. White Pine flooring was added in the front bedroom for a cottage feel, quality carpet throughout second bedroom, living room, and dining room. Kitchen has been given a retro style with vinyl flooring that would be next to impossible to duplicate .

• $175,000

• 3 Bedrooms, 1 Bathroom

• Average Daily Rate: $232

• Expected occupancy rate: 49%

• Monthly expected income: $3,410

• Monthly expected expenses: $2,433

• Monthly expected cash flow: $976

• Expected cash on cash return: 16.87%