423 N Franklin Ave Ames, Iowa, 50014-3513
3 bed • 1 bath • 6 guests
Est. $887/mo
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$179,300
Zestimate
$40,677
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $301/night at 37% occupancy.Projected nightly rate is $245/night at 58% occupancy.
Top 81% of comparables
Top 21% of comparables
Seasonality
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$50,627
Avg annual revenue
58%
Avg occupancy rate
$245
Avg nightly rate
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Revenue per year
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$4,908
Profit
Revenue
$40,677
Operating Expenses
$18,968
Operating Income
$21,709
Mortgage & Taxes
$16,801
Profit (Cash Flow)
$4,908
$50,800
Cash Investment
Down Payment
$37,000
Renos & Furnishing
$8,250
Closing Costs
$5,550
Total
$50,800
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
9.66%
Cap Rate
11.73%
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
$12,493
Deductible property tax
$3,145
Your total deduction
$18,436
Your adjusted annual income
$150,000 - $18,436 = $131,564
Taxes on $131,564 (30%)
$39,469
Your old tax bill
$45,000
Your new tax bill
$39,469
Estimated tax savings
$5,531
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
6,487 sqft
Year built:
1948
Size:
1,561 sqft
Type:
SFR
Parking:
1
Heating:
FORCED AIR
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 3022 Story St | 4 | 2 | 1,425 | - | 7,550 | 1920 | $240,000 | 69 |
| 200 Trail Ridge Rd | 3 | 2 | 1,190 | - | 11,075 | 1984 | $0 | - |
| 420 Briarwood Pl | 3 | 2 | 1,563 | - | 9,290 | 1940 | $255,000 | - |
| 3402 Oakland St | 2 | 1 | 835 | - | 10,625 | 1920 | $260,000 | 40 |
| 3118 Ellis St | 2 | 1 | 768 | - | 7,500 | 1953 | $143,000 | - |
| 3617 Ross Rd | 5 | 3 | 1,840 | - | 15,224 | 1961 | $334,000 | 111 |
| 305 Wellons Dr | 3 | 2 | 1,052 | - | 6,305 | 1975 | $216,000 | - |
| 1214 Arizona Ave | 4 | 2 | 1,395 | - | 9,159 | 1964 | $330,000 | - |
| 903 Mesa Verde Pl | 3 | 3 | 1,117 | - | 12,152 | 1977 | $333,500 | 174 |
| 206 Parkridge Cir | 3 | 3 | 2,062 | - | 10,858 | 1969 | $389,000 | 58 |
Property Details
- MLS Status: N/A
- Property Use: Single Family Residence
- Stories: 2
- Lot size: 6,487 sqft
- Building area: 1,561 sqft
- Garage: Yes
- Heating: Forced air
- Pool: No
- Fireplaces: 0
- Basement: No
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: RL
- Land Use: Residential
- Parcel Number: 09-05-403-070
- Flood Zone: No
Tax Info
- Year Assessed: 2022
- Assessed Value: $207,700
- County Est. Land Value: $39,400
- Assessed Land Value: $39,400
- County Est. Structure Value: $168,300
Market Estimate: $279,823
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 06/01/16 | $128,500 | 0% | Paul Alexander Cloak, Wendy Cloak |
Ownership
- Name: Paul Alexander Cloak
- Owner Occupied: Yes
- Owner Mailing Address: 423 N Franklin Ave, Ames, Ia 50014
- Years Owned: 95
- Home Equity: -
- Mortgage Balance Remaining: $0
- Financed amount: -
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No