23238 Grand Rapids Ln Spring, Texas
3 bed • 2 bath • 9 guests
Purchase Price
Est. $953/mo
$214,500
Zestimate
$43,808
Annual Revenue
Median of 16 comps selected by Dinesh, creator of this analysis.
- Avg Daily Rate
- $214
- Occupancy
- 56%
$10k
$25k
$45k
$60k
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Seasonality
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$5,363
Profit
Revenue
$43,807
Operating Expenses
$23,975
Operating Income
$19,833
Mortgage & Taxes
$14,469
Profit (Cash Flow)
$5,363
$63,391
Cash Investment
Down Payment
$42,900
Renos & Furnishing
$14,056
Closing Costs
$6,435
Total
$63,391
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
8.46%
Cap Rate
9.24%
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
$10,180
Deductible property tax
$2,124
Estimated gross deduction
$64,261
Your income tax rate
Estimated tax savings
$19,278
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Property Overview
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