$227,620
Annual Revenue
BNBCalc predicts this property will get $794 per night with 68% occupancy, putting it in the top 48% revenue percentile compared to similar properties nearby.
Top 41% of comparables
Top 46% of comparables
Seasonality
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40
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$194,781
Avg annual revenue
68%
Avg occupancy rate
$794
Avg nightly rate
Any type
House
Apartment
Any min stay
Weekly min
Monthly min
Revenue per year
$55k
$165k
$275k
$395k
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$45,611
Profit
Revenue
$227,620
Operating Expenses
$43,271
Operating Income
$184,349
Mortgage & Taxes
$138,739
Profit (Cash Flow)
$45,611
$486,041
Cash Investment
Down Payment
$411,340
Renos & Furnishing
$13,000
Closing Costs
$61,701
Total
$486,041
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
9.38%
Cap Rate
8.96%
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
$97,613
Deductible property tax
$20,361
Your total deduction
$159,937
Your adjusted annual income
$150,000 - $159,937 = -$9,937
Taxes on -$9,937 (30%)
-$2,981
Your old tax bill
$45,000
Your new tax bill
-$2,981
Estimated tax savings
$47,981
Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com
Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
2,376 sqft
Year built:
1963
Size:
2,356 sqft
Type:
MFR
Parking:
-
Heating:
-
Sold Comparables
Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
---|---|---|---|---|---|---|---|---|
1805 W Bay Ave | - | - | 2,429 | - | 2,829 | 1976 | $0 | - |
209 32nd St | - | - | 2,754 | - | 3,323 | 1978 | $0 | - |
1419 W Bay Ave | 1 | 1 | 2,203 | - | 2,702 | 1940 | $3,400,000 | - |
1707 W Balboa Blvd | 6 | 5 | 1,362 | - | 2,562 | 1968 | $3,200,000 | - |
351 Via Lido Soud | - | - | 3,400 | - | 3,600 | 1950 | $0 | - |
4408 Channel Pl | - | - | 0 | - | 2,550 | - | $0 | - |
303 43rd St | 8 | 4 | 0 | - | 3,652 | - | $4,850,000 | - |
371 Via Lido Soud | 3 | 2 | 2,904 | - | 2,700 | 2006 | $0 | - |
1913 Court St | 4 | 1 | 2,376 | - | 1,750 | 1946 | $2,465,000 | - |
217 35th St | - | - | 1,404 | - | 2,375 | 1955 | $0 | - |
Property Details
- MLS Status: property-details-mls-status-sold
- Property Use: Multi-Family Dwellings (Generic, Any Combination)
- Stories: -
- Lot size: 2,376 sqft
- Building area: 2,356 sqft
- Garage: No
- Heating:
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 423-352-13
- Flood Zone: Yes, Zone 0.2
Tax Info
- Year Assessed: 2023
- Assessed Value: $1,987,138
- County Est. Land Value: -
- Assessed Land Value: $1,876,354
- County Est. Structure Value: -
Market Estimate: -
Sale history
Date | Sale Price | % Financed | Buyer |
---|---|---|---|
06/05/24 | $0 | 0% | Wave City Holdings Llc |
12/26/23 | $0 | 0% | Stephen Gilkey |
11/30/23 | $3,200,000 | 100% | Stephen Gilkey |
02/12/20 | $1,700,000 | 80% | Tarsji Llc |
03/12/18 | $0 | 0% | Joan Calacay, Ligorio A Calaycay Jr And Joan Calaycay |
09/25/06 | $1,370,000 | 100% | Ligorio A Calaycay Jr, Joan Calaycay |
06/12/03 | $0 | 0% | Nick L Payzant, Thomas Roy Horton |
11/16/00 | $0 | 0% | Thomas Roy Horton, The Thomas Roy Horton Trust |
09/26/97 | $357,500 | 79% | Nick L Payzant, Thomas R Horton |
Ownership
- Name: Wave City Holdings Llc
- Owner Occupied: No
- Owner Mailing Address: 205 33rd St, Newport Beach, CA 92675
- Years Owned: 4
- Home Equity: -
- Mortgage Balance Remaining: $0
- Financed amount: 79%
- Owner Type: Individual
- Lien: No
- Inherited: Yes
- Foreclosure: No
Schools
- High School: Newport Harbor High School with 7/10 star rating