408 Washington Ave Elyria, Ohio, 44035
6 bed • 3 bath • 14 guests
Est. $1,919/mo
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Airbnb Investor Score
$22,122
Annual Profit
12.7%
Cap Rate
31.9%
Cash on Cash
$74,042
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $362/night at 56% occupancy.
Top 41% of comparables
Top 38% of comparables
Seasonality
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30
Airbnb Comparables
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$75,281
Avg annual revenue
56%
Avg occupancy rate
$362
Avg nightly rate
Any type
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Apartment
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Revenue per year
$20k
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$46,777
Profit
Revenue
$74,042
Operating Expenses
$23,305
Operating Income
$50,737
Mortgage & Taxes
$3,960
Profit (Cash Flow)
$46,777
$134,750
Cash Investment
Down Payment
$120,000
Renos & Furnishing
$14,750
Total
$134,750
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
31.87%
Cap Rate
12.68%
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
$22,229
Deductible property tax
$3,960
Your total deduction
$21,153
Your adjusted annual income
$150,000 - $21,153 = $128,847
Taxes on $128,847 (30%)
$38,654
Your old tax bill
$45,000
Your new tax bill
$38,654
Estimated tax savings
$6,346
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
1.41 sqft
Year built:
1860
Size:
4,038 sqft
Type:
SINGLE_FAMILY
Parking:
-
Heating:
-
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: -
- Lot size: 1.41 sqft
- Building area: 4,038 sqft
- Garage: No
- Heating:
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: $16
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 0625130000002
- Flood Zone: No
Tax Info
- Year Assessed: 2023
- Assessed Value: $173,440
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: -
Schools
- High School: Elyria High School with 3/10 star rating