503 N Wells St 3 Chicago, Illinois
2 bed • 2 bath • 4 guests
Purchase Price
Est. $2,710/mo
$127,768
Annual Revenue
Median of 25 comps selected by Kevin, creator of this analysis.
- Avg Daily Rate
- $552
- Occupancy
- 63%
$15k
$75k
$135k
$205k
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Seasonality
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$42,914
Profit
Revenue
$127,768
Operating Expenses
$43,705
Operating Income
$84,063
Mortgage & Taxes
$41,149
Profit (Cash Flow)
$42,914
$146,800
Cash Investment
Down Payment
$122,000
Renos & Furnishing
$6,500
Closing Costs
$18,300
Total
$146,800
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
29.23%
Cap Rate
13.78%
STR Tax Calculator (USA)
Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.
If you buy this property, your estimated tax deduction will be...
Deductible mortgage interest
$28,951
Deductible property tax
$6,039
Estimated gross deduction
$172,704
Your income tax rate
Estimated tax savings
$51,811
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
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