1013 N Cleveland Ave 2 Chicago, Illinois
3 bed • 2.5 bath • 6 guests
Purchase Price
Est. $4,420/mo
$188,703
Annual Revenue
Median of 25 comps selected by Kevin, creator of this analysis.
- Avg Daily Rate
- $854
- Occupancy
- 61%
$20k
$105k
$195k
$290k
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Seasonality
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$63,558
Profit
Revenue
$188,703
Operating Expenses
$58,025
Operating Income
$130,678
Mortgage & Taxes
$67,120
Profit (Cash Flow)
$63,558
$246,434
Cash Investment
Down Payment
$199,000
Renos & Furnishing
$17,584
Closing Costs
$29,850
Total
$246,434
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
25.79%
Cap Rate
13.13%
STR Tax Calculator (USA)
Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.
If you buy this property, your estimated tax deduction will be...
Deductible mortgage interest
$47,224
Deductible property tax
$9,850
Estimated gross deduction
$283,801
Your income tax rate
Estimated tax savings
$85,140
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
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