16482 Grand Ave Lake Elsinore, California, 92530
3 bed • 3 bath • 6 guests
Est. $4,236/mo
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$883,100
Zestimate
Airbnb Investor Score
-$17,960
Annual Profit
4.7%
Cap Rate
-8.5%
Cash on Cash
$63,552
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $254/night at 55% occupancy.Projected nightly rate is $300/night at 58% occupancy.
Top 58% of comparables
Top 33% of comparables
Seasonality
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40
Airbnb Comparables
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$65,072
Avg annual revenue
58%
Avg occupancy rate
$300
Avg nightly rate
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Revenue per year
$25k
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-$17,961
Profit
Revenue
$63,552
Operating Expenses
$21,942
Operating Income
$41,611
Mortgage & Taxes
$59,571
Profit (Cash Flow)
-$17,961
$211,863
Cash Investment
Down Payment
$176,620
Renos & Furnishing
$8,750
Closing Costs
$26,493
Total
$211,863
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-8.47%
Cap Rate
4.71%
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
$41,913
Deductible property tax
$8,743
Your total deduction
$106,655
Your adjusted annual income
$150,000 - $106,655 = $43,345
Taxes on $43,345 (30%)
$13,003
Your old tax bill
$45,000
Your new tax bill
$13,003
Estimated tax savings
$31,997
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
1 sqft
Year built:
1911
Size:
1,140 sqft
Type:
SINGLE_FAMILY
Parking:
3
Heating:
None
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: 2
- Lot size: 1 sqft
- Building area: 1,140 sqft
- Garage: Yes
- Heating: None
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: Wall/Window Unit(s)
- View: Hills, Lake, Mountain(s), Panoramic, Pond, Trees/Woods, Water
- Parking: Garage
- Amenities: -
- Price per square foot: $774
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 381100010
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $813,592
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $883,100
Schools
- High School: Lakeside High School with 6/10 star rating