20160 Garrett Hwy Oakland, Maryland, 21550
2 bed • 2 bath • 6 guests
Est. $2,374/mo

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$322,700
Zestimate
Airbnb Investor Score
-$16,753
Annual Profit
3.4%
Cap Rate
-13.9%
Cash on Cash
$34,848
Annual Revenue
This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $236/night at 48% occupancy.Projected nightly rate is $203/night at 47% occupancy.
Top 56% of comparables
Top 48% of comparables
Seasonality
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$37,098
Avg annual revenue
47%
Avg occupancy rate
$203
Avg nightly rate
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Revenue per year
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-$16,753
Profit
Revenue
$34,848
Operating Expenses
$18,210
Operating Income
$16,638
Mortgage & Taxes
$33,391
Profit (Cash Flow)
-$16,753
$120,350
Cash Investment
Down Payment
$99,000
Renos & Furnishing
$6,500
Closing Costs
$14,850
Total
$120,350
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-13.92%
Cap Rate
3.36%
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
$23,493
Deductible property tax
$4,900
Your total deduction
$66,689
Your adjusted annual income
$150,000 - $66,689 = $83,311
Taxes on $83,311 (30%)
$24,993
Your old tax bill
$45,000
Your new tax bill
$24,993
Estimated tax savings
$20,007
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
-
Year built:
1972
Size:
450 sqft
Type:
APARTMENT
Parking:
1
Heating:
Forced Air, Electric
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: APARTMENT
- Stories: 2
- Lot size: -
- Building area: 450 sqft
- Garage: Yes
- Heating: Forced air, electric
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: Ceiling Fan(s), Central Air, Electric
- View: Lake, Water
- Parking: Other, Garage, Parking Lot
- Amenities: Dishwasher, Disposal, Exhaust Fan, Refrigerator, Stainless Steel Appliance(s), Electric Water Heater
- Price per square foot: $717
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 1218024934
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $196,000
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $322,700
Schools
- Elementary School: Broad Ford Elementary School with 5/10 star rating
- Middle School: Southern Middle School with 4/10 star rating
- High School: Southern Garrett High School with 5/10 star rating