1200 Melrose Ave S St. Petersburg, Florida
1 bed • 1 bath • 4 guests
Purchase Price
Est. $666/mo
$31,050
Annual Revenue
Median of 25 comps selected by Bayne, creator of this analysis.
- Avg Daily Rate
- $173
- Occupancy
- 49%
$5k
$25k
$40k
$60k
Seasonality
Break-even
$2,697/mo
Avg profit / month
-$110/mo
Best profit month
Mar $1,942
-$1,318
Profit
Revenue
$31,050
Operating Expenses
$20,977
Operating Income
$10,073
Mortgage & Taxes
$11,391
Profit (Cash Flow)
-$1,318
$46,896
Cash Investment
Down Payment
$37,500
Renos & Furnishing
$4,896
Closing Costs
$4,500
Total
$46,896
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
-2.8%
Cap Rate
6.71%
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
$8,931
Deductible property tax
$1,485
Estimated gross deduction
$45,270
Your income tax rate
Estimated tax savings
$13,581
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
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