1514 Melissa Dr Spring, Texas
4 bed • 2 bath • 10 guests
Purchase Price
Est. $1,555/mo
$383,000
Zestimate
$98,512
Annual Revenue
Median of 2 selected comps
- Avg Daily Rate
- $562
- Occupancy
- 48%
$5k
$45k
$85k
$130k
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Seasonality
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$32,201
Profit
Revenue
$98,512
Operating Expenses
$40,670
Operating Income
$57,841
Mortgage & Taxes
$25,640
Profit (Cash Flow)
$32,201
$318,660
Cash Investment
Down Payment
$70,000
Renos & Furnishing
$238,160
Closing Costs
$10,500
Total
$318,660
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
10.1%
Cap Rate
16.52%
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
$16,611
Deductible property tax
$5,495
Estimated gross deduction
$171,452
Your income tax rate
Estimated tax savings
$51,436
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Property Overview
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