47023 Lake View Ave Grand Beach, Michigan, 49117-9065
6 bed • 3 bath • 18 guests
Est. $7,195/mo

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$233,127
Annual Revenue
This property is projected to be in the top 55% revenue percentile compared to similar properties nearby.
Projected nightly rate is $853/night at 37% occupancy.Projected nightly rate is $1,161/night at 45% occupancy.
Top 41% of comparables
Top 21% of comparables
Seasonality
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$86,880
Profit
Revenue
$233,127
Operating Expenses
$20,674
Operating Income
$212,453
Mortgage & Taxes
$125,574
Profit (Cash Flow)
$86,880
$359,750
Cash Investment
Down Payment
$300,000
Renos & Furnishing
$14,750
Closing Costs
$45,000
Total
$359,750
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
24.15%
Cap Rate
14.16%
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
$101,296
Deductible property tax
$14,850
Your total deduction
$69,474
Your adjusted annual income
$150,000 - $69,474 = $80,526
Taxes on $80,526 (30%)
$24,158
Your old tax bill
$45,000
Your new tax bill
$24,158
Estimated tax savings
$20,842
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