22 Crescent St NE Grand Rapids, Michigan
1 bed • 1 bath • 2 guests
Purchase Price
Est. $5,997/mo
$41,509
Annual Revenue
Median of 23 selected comps
- Avg Daily Rate
- $215
- Occupancy
- 53%
$5k
$25k
$45k
$70k
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Seasonality
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$4,709
Profit
Revenue
$41,509
Operating Expenses
$23,435
Operating Income
$18,074
Mortgage & Taxes
$13,365
Profit (Cash Flow)
$4,709
$4,250
Cash Investment
Renos & Furnishing
$4,250
Total
$4,250
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
0.33%
Cap Rate
1.33%
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
$0
Deductible property tax
$13,365
Estimated gross deduction
$315,102
Your income tax rate
Estimated tax savings
$94,530
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.