220 Palm Lake Dr Sanibel, Florida
3 bed • 3 bath • 8 guests
Purchase Price
Est. $5,331/mo
$134,248
Annual Revenue
Median of 25 selected comps
- Avg Daily Rate
- $734
- Occupancy
- 50%
$5k
$60k
$115k
$180k
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Seasonality
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$8,071
Profit
Revenue
$134,248
Operating Expenses
$45,228
Operating Income
$89,020
Mortgage & Taxes
$80,948
Profit (Cash Flow)
$8,071
$284,750
Cash Investment
Down Payment
$240,000
Renos & Furnishing
$8,750
Closing Costs
$36,000
Total
$284,750
DSCR Ratio
Acceptable
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
2.83%
Cap Rate
7.41%
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
$56,953
Deductible property tax
$11,880
Estimated gross deduction
$338,535
Your income tax rate
Estimated tax savings
$101,561
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?
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