215 Oleander Ave Corpus Christi, TX, 78404
5 bed • 4 bath • 15 guests
Est. $6,883/mo
This property is for sale!
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Airbnb Investor Score
-$64,131
Annual Profit
2.3%
Cap Rate
-18.7%
Cash on Cash
$53,274
Annual Revenue
This property is projected to be in the top 54% revenue percentile compared to similar properties nearby.
Projected nightly rate is $317/night at 48% occupancy.Projected nightly rate is $286/night at 51% occupancy.
Top 51% of comparables
Top 31% of comparables
Seasonality
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Airbnb Comparables
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$54,839
Avg annual revenue
51%
Avg occupancy rate
$286
Avg nightly rate
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Any min stay
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Revenue per year
$20k
$55k
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$120k
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-$64,132
Profit
Revenue
$53,274
Operating Expenses
$20,606
Operating Income
$32,669
Mortgage & Taxes
$96,801
Profit (Cash Flow)
-$64,132
$343,050
Cash Investment
Down Payment
$287,000
Renos & Furnishing
$13,000
Closing Costs
$43,050
Total
$343,050
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-18.69%
Cap Rate
2.27%
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
$68,107
Deductible property tax
$14,206
Your total deduction
$243,895
Your adjusted annual income
$150,000 - $243,895 = -$93,895
Taxes on -$93,895 (30%)
-$28,168
Your old tax bill
$45,000
Your new tax bill
-$28,168
Estimated tax savings
$73,168
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
32,496 sqft
Year built:
1937
Size:
6,303 sqft
Type:
SFR
Parking:
-
Heating:
NONE
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 218 Rosebud Ave | - | - | 3,164 | - | 10,498 | 1940 | $0 | - |
| 211 Ohio Ave | 3 | 39 | 1,560 | - | 11,195 | 1939 | $0 | 18 |
| 326 Texas Ave | - | - | 1,650 | - | 5,009 | 1955 | $0 | - |
| 454 Indiana Ave | - | - | 1,844 | - | 6,273 | 1938 | $0 | - |
| 530 Indiana Ave | - | - | 1,920 | - | 11,718 | 1950 | $0 | - |
| 506 Naples St | 2 | 2 | 1,483 | - | 6,752 | 1936 | $0 | 25 |
| 1034 Sorrell St | - | - | 1,342 | - | 7,492 | 1949 | $0 | - |
| 521 Ohio Ave | 3 | 3 | 2,383 | - | 7,797 | 1962 | $0 | 818 |
| 117 Kush Ln | 4 | 3 | 3,831 | - | 23,130 | 1957 | $0 | 87 |
| 329 Beverly Dr | - | - | 888 | - | 6,665 | 1943 | $0 | - |
Property Details
- MLS Status: Active
- Property Use: Single Family Residence
- Stories: 2
- Lot size: 32,496 sqft
- Building area: 6,303 sqft
- Garage: Yes
- Heating: None
- Pool: No
- Fireplaces: 1
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 0666-0007-0020
- Flood Zone: No
Tax Info
- Year Assessed:
- Assessed Value: $1,267,114
- County Est. Land Value: $178,805
- Assessed Land Value: $178,805
- County Est. Structure Value: $1,088,309
Market Estimate: -
Ownership
- Name: James E Thaxton
- Owner Occupied: Yes
- Owner Mailing Address: 215 Oleander Ave, Corpus Christi, Tx 78404
- Years Owned: 423
- Home Equity: -
- Mortgage Balance Remaining: $795,000
- Financed amount: -
- Owner Type: Individual
- Lien: N/A
- Inherited: N/A
- Foreclosure: No