24 N Main St Ellijay, Georgia
2 bed • 3 bath • 4 guests
Purchase Price
Est. $1,710/mo
$39,490
Annual Revenue
Median of 25 selected comps
- Avg Daily Rate
- $290
- Occupancy
- 37%
$5k
$25k
$45k
$70k
$67,455 | $46,118 | $364 | 50.8% | 2 | 4 | 44 | 2 | 2 | $0 | ❌ | ✅ | ❌ | Yes / No | ❌ | ⭐️ 4.4 (15) | — | |
$64,717 | $48,518 | $344 | 51.6% | 2 | 4 | 44 | 2 | 2 | $0 | ❌ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 4.92 (24) | Profile | |
$63,022 | $50,845 | $438 | 39.5% | 2 | 4 | 54 | 2 | 3 | $0 | ❌ | ❌ | ✅ | Yes / Yes | ✅ | ⭐️ 5 (39) | Profile | |
$54,815 | $44,920 | $465 | 32.3% | 2 | 6 | 31 | 4 | 2 | $0 | ❌ | ✅ | ❌ | Yes / Yes | ❌ | ⭐️ 5 (3) | Profile | |
$52,737 | $39,496 | $282 | 51.3% | 2 | 5 | 37 | 3 | 2 | $160 | ✅ | ✅ | ❌ | Yes / Yes | ❌ | ⭐️ 4.97 (229) | Profile |
Seasonality
Break-even
$4,078/mo
Avg profit / month
-$787/mo
Best profit month
Oct $2,056
-$9,441
Profit
Revenue
$39,490
Operating Expenses
$22,960
Operating Income
$16,530
Mortgage & Taxes
$25,971
Profit (Cash Flow)
-$9,441
$95,300
Cash Investment
Down Payment
$77,000
Renos & Furnishing
$6,750
Closing Costs
$11,550
Total
$95,300
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
Loading...
Cash on Cash Return
-9.9%
Cap Rate
4.29%
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
$18,272
Deductible property tax
$3,811
Estimated gross deduction
$109,796
Your income tax rate
Estimated tax savings
$32,939
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.