12900 Lake Ave Lakewood, Ohio, 44107
1 bed • 1 bath • 2 guests
Est. $576/mo
This property is for sale!
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Airbnb Investor Score
-$6,839
Annual Profit
1.0%
Cap Rate
-21.5%
Cash on Cash
$17,166
Annual Revenue
This property is projected to be in the top 44% revenue percentile compared to similar properties nearby.
Projected nightly rate is $100/night at 47% occupancy.Projected nightly rate is $92/night at 55% occupancy.
Top 66% of comparables
Top 36% of comparables
Seasonality
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40
Airbnb Comparables
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$19,210
Avg annual revenue
55%
Avg occupancy rate
$92
Avg nightly rate
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Revenue per year
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-$6,840
Profit
Revenue
$17,166
Operating Expenses
$15,912
Operating Income
$1,255
Mortgage & Taxes
$8,095
Profit (Cash Flow)
-$6,840
$31,850
Cash Investment
Down Payment
$24,000
Renos & Furnishing
$4,250
Closing Costs
$3,600
Total
$31,850
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-21.47%
Cap Rate
1.04%
STR Tax Calculator (USA)
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
$5,695
Deductible property tax
$1,188
Your total deduction
$20,625
Your adjusted annual income
$150,000 - $20,625 = $129,375
Taxes on $129,375 (30%)
$38,813
Your old tax bill
$45,000
Your new tax bill
$38,813
Estimated tax savings
$6,187
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
43,560 sqft
Year built:
1969
Size:
9,585 sqft
Type:
OTHER
Parking:
-
Heating:
Forced Air Unit
Sold Comparables
Property Details
- MLS Status: Active
- Property Use: Restaurant
- Stories: 1
- Lot size: 43,560 sqft
- Building area: 9,585 sqft
- Garage: No
- Heating: Forced air unit
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: BOR
- Land Use: Commercial
- Parcel Number: 312-08-949E
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2023
- Assessed Value: $106,690
- County Est. Land Value: $69,700
- Assessed Land Value: $24,400
- County Est. Structure Value: $235,100
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 01/09/18 | $0 | 0% | Damiju Llc |
| 01/20/12 | $56,000 | 100% | Dona Paula Properties Llc |
| 12/27/98 | $0 | 0% | Mdn Investment Corp |
| 12/12/97 | $130,000 | 80% | Lisa Garrett |
| 02/14/97 | $18,000 | 100% | Brian Mclaughin |
| 09/27/96 | $118,000 | 70% | Steven R Fricano |
| 09/11/96 | $69,000 | 100% | James J & Louise M Lavelle |
| 06/20/95 | $45,690 | 100% | Alice Gazdick & George A Gazdick Et Al |
Ownership
- Name: Damiju, Llc
- Owner Occupied: No
- Owner Mailing Address: 18605 Detroit Ave, Lakewood, OH 44107
- Years Owned: 83
- Home Equity: -
- Mortgage Balance Remaining: $1,817,000
- Financed amount: 100%
- Owner Type: Investor
- Lien: No
- Inherited: No
- Foreclosure: No