218 W Houstonia Ave Royal Oak, Michigan
4 bed • 2 bath • 12 guests
Purchase Price
Est. $910/mo
$204,800
Zestimate
$71,445
Annual Revenue
Median of 25 selected comps
- Avg Daily Rate
- $376
- Occupancy
- 52%
$15k
$55k
$90k
$135k
Sign up to see the data on 50 all comparables
Seasonality
Sign up to view the full seasonality chart
$27,160
Profit
Revenue
$71,445
Operating Expenses
$30,470
Operating Income
$40,975
Mortgage & Taxes
$13,815
Profit (Cash Flow)
$27,160
$57,936
Cash Investment
Down Payment
$40,960
Renos & Furnishing
$10,832
Closing Costs
$6,144
Total
$57,936
DSCR Ratio
Strong
Get prequalified to make an offer
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
Loading...
Cash on Cash Return
46.87%
Cap Rate
20%
STR Tax Calculator (USA)
Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.
If you buy this property, your estimated tax deduction will be...
Deductible mortgage interest
$9,720
Deductible property tax
$2,028
Estimated gross deduction
$60,578
Your income tax rate
Estimated tax savings
$18,173
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
Plan to claim the STR loophole?
To deduct STR losses against W-2 income, the IRS requires you to materially participate. Log your hours so you have proof at tax time.
Property Overview
Loading...