3020 Wolf Lake Rd
Ely, Minnesota, 55731-8420
2 bed • 2 bath • 4 guests • $295,000
Annual Revenue
$54,786
Profit (Cash Flow)
$14,947
Cash on Cash Return
14.4%
Annual Revenue
AirDNA projects $204/night at 48% occupancy ($35,764).
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
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
$10,391
Deductible property tax
$737
Your total deduction
$29,512
Your adjusted annual income
$150,000 - $29,512 = $120,487
Taxes on $120,487 (30%)
$36,146
Your old tax bill
$45,000
Your new tax bill
$36,146
Estimated tax savings
$8,853
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