3020 Wolf Lake Rd Ely, Minnesota, 55731-8420
2 bed • 2 bath • 4 guests • $295,000
Looking for the Perfect STR?
Tyler can help you find the right investment.
Tyler Coon
Realtor, STR Specialist
Annual Revenue
$54,787
Profit (Cash Flow)
$14,948
Cap Rate
9.9%
Annual Revenue
AirDNA projects $204/night at 48% occupancy ($35,765)
Occupancy Rate
Avg Daily Rate
Return Metrics
14.39% cash on cash return is a good return over the next 1 year.
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
14.39%
Cap Rate
9.87%
Tax Calculator (USA)
Your current annual Income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your estimated deduction will be...
Deductible mortgage interest
$10,392
Deductible property tax
$738
Your total deduction
$26,600
Your adjusted annual income
$150,000 - $26,600 = $123,400
Taxes on $123,400 (30%)
$37,020
Your old tax bill
$45,000
Your new tax bill
$37,020
Estimated tax savings
$7,980
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