1544 N Franklin St Seaside, Oregon, 97138
2 bed • 1 bath • 6 guests
Est. $2,038/mo
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$391,400
Zestimate
$42,825
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $230/night at 56% occupancy.Projected nightly rate is $155/night at 56% occupancy.
Top 23% of comparables
Top 26% of comparables
Seasonality
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$33,915
Avg annual revenue
56%
Avg occupancy rate
$155
Avg nightly rate
Any type
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Revenue per year
$15k
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-$1,208
Profit
Revenue
$42,825
Operating Expenses
$13,597
Operating Income
$29,228
Mortgage & Taxes
$30,436
Profit (Cash Flow)
-$1,208
$87,750
Cash Investment
Down Payment
$85,000
Renos & Furnishing
$0
Closing Costs
$2,750
Total
$87,750
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
Cash on Cash Return
0.08%
Cap Rate
6.87%
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
$23,920
Deductible property tax
$3,018
Your total deduction
$15,605
Your adjusted annual income
$150,000 - $15,605 = $134,395
Taxes on $134,395 (30%)
$40,319
Your old tax bill
$45,000
Your new tax bill
$40,319
Estimated tax savings
$4,681
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
3,920 sqft
Year built:
1952
Size:
480 sqft
Type:
SFR
Parking:
-
Heating:
Baseboard
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 815 N King St | 2 | 1 | 1,017 | - | 4,792 | 1955 | $273,500 | - |
| 1244 7th Ave | 3 | 1 | 1,310 | - | 4,792 | 1985 | $0 | - |
| 220 15th Ave | 1 | 1 | 840 | - | 6,098 | 1943 | $0 | - |
| 920 13th Ave | 2 | 1 | 677 | - | 5,663 | 1930 | $370,000 | - |
| 1150 5th Ave | 3 | 1 | 1,056 | - | 4,792 | 1960 | $400,550 | - |
| 418 N Jackson St | 3 | 1 | 876 | - | 4,356 | 1908 | $386,500 | - |
| 330 15th Ave | 2 | 1 | 1,243 | - | 5,663 | 1952 | $290,000 | - |
| 930 3rd Ave | 3 | 2 | 1,127 | - | 4,792 | 1920 | $0 | - |
| 438 16th Ave | 2 | 1 | 918 | - | 5,227 | 1980 | $0 | - |
| 1121 3rd Ave | 2 | 2 | 1,128 | - | 7,405 | 1948 | $0 | - |
Property Details
- MLS Status: N/A
- Property Use: Single Family Residence
- Stories: -
- Lot size: 3,920 sqft
- Building area: 480 sqft
- Garage: No
- Heating: Baseboard
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: R2
- Land Use: Single Family Residence - 1 Story
- Parcel Number: 61016DA05501 01
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2024
- Assessed Value: $164,750
- County Est. Land Value: $274,745
- Assessed Land Value: -
- County Est. Structure Value: $101,307
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 01/19/16 | $164,000 | 90% | Eric J Dorsett, Jessica D Sexton Dorsett |
Ownership
- Name: Eric J Dorsett
- Owner Occupied: No
- Owner Mailing Address: 12276 Se Verlie St, Happy Valley, OR 97086
- Years Owned: 105
- Home Equity: $267,400
- Mortgage Balance Remaining: $147,600
- Financed amount: 90%
- Owner Type: Investor
- Lien: No
- Inherited: No
- Foreclosure: No