$63,388
Annual Revenue
This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $445/night at 39% occupancy.Projected nightly rate is $431/night at 42% occupancy.
Top 71% of comparables
Top 41% of comparables
Seasonality
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$19,699
Profit
Revenue
$63,388
Operating Expenses
$21,920
Operating Income
$41,468
Mortgage & Taxes
$21,768
Profit (Cash Flow)
$19,699
$84,971
Cash Investment
Down Payment
$64,540
Renos & Furnishing
$10,750
Closing Costs
$9,681
Total
$84,971
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
23.18%
Cap Rate
12.85%
STR 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 est deduction will be...
Deductible mortgage interest
$15,316
Deductible property tax
$3,195
Your total deduction
$18,786
Your adjusted annual income
$150,000 - $18,786 = $131,214
Taxes on $131,214 (30%)
$39,364
Your old tax bill
$45,000
Your new tax bill
$39,364
Estimated tax savings
$5,636
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
13,939 sqft
Year built:
2005
Size:
1,452 sqft
Type:
SFR
Parking:
-
Heating:
Heat Pump
Sold Comparables
Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
---|---|---|---|---|---|---|---|---|
5200 Holiday Dr | 3 | 2 | 1,176 | - | 13,068 | 1980 | $250,000 | - |
1164 Lexington Ave | 4 | 2 | 1,512 | - | 33,541 | 1972 | $659,000 | - |
2141 Shore Line Dr | 6 | 3 | 2,424 | - | 31,363 | 2004 | $525,000 | - |
5262 Broadway | 1 | 1 | 1,018 | - | 9,583 | 1973 | $155,000 | - |
368 Scotch Pine Dr | 3 | 1 | 1,384 | - | 12,632 | 1974 | $0 | - |
124 Summit Ave | 3 | 2 | 1,744 | - | 22,216 | 1969 | $0 | - |
4117 Low Ridge Rd | 3 | 1 | 1,191 | - | 12,197 | 1973 | $257,000 | - |
4110 Low Ridge Rd | 3 | 2 | 1,404 | - | 13,068 | 2007 | $0 | - |
4114 Low Ridge Rd | 3 | 2 | 1,488 | - | 12,632 | 2003 | $295,000 | - |
322 Scotch Pine Dr | 3 | 2 | 2,028 | - | 11,761 | 1977 | $290,000 | - |
Property Details
- MLS Status: property-details-mls-status-sold
- Property Use: Single Family Residence
- Stories: 2
- Lot size: 13,939 sqft
- Building area: 1,452 sqft
- Garage: No
- Heating: Heat pump
- Pool: No
- Fireplaces: 1
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: R-3
- Land Use: Residential
- Parcel Number: 03.14C.3.20
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2024
- Assessed Value: $110,810
- County Est. Land Value: $22,310
- Assessed Land Value: $22,310
- County Est. Structure Value: $88,500
Market Estimate: -
Sale history
Date | Sale Price | % Financed | Buyer |
---|---|---|---|
04/19/24 | $342,000 | 90% | Erick Khemraj, Kumardip Chatarpal |
03/12/14 | $103,000 | 98% | Anthony Cutshaw, Kathryn Cutshaw |
02/22/13 | $0 | 0% | Federal National Mortgage Association |
10/29/07 | $182,500 | 100% | Kanika Burke Sabree |
Ownership
- Name: Erick Khemraj
- Owner Occupied: Yes
- Owner Mailing Address: 245 Chestnut Ave, North Plainfield, NJ 18346
- Years Owned: 4
- Home Equity: $42,200
- Mortgage Balance Remaining: $307,800
- Financed amount: 100%
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No