5742 US-23 Cheboygan, Michigan
3 bed • 1.5 bath • 9 guests
Purchase Price
Est. $2,510/mo
$77,561
Annual Revenue
Median of 21 selected comps
- Avg Daily Rate
- $398
- Occupancy
- 53%
$5k
$85k
$165k
$255k
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Seasonality
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$7,541
Profit
Revenue
$77,561
Operating Expenses
$31,907
Operating Income
$45,654
Mortgage & Taxes
$38,113
Profit (Cash Flow)
$7,541
$140,694
Cash Investment
Down Payment
$113,000
Renos & Furnishing
$10,744
Closing Costs
$16,950
Total
$140,694
DSCR Ratio
Acceptable
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
5.35%
Cap Rate
8.08%
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
$26,815
Deductible property tax
$5,593
Estimated gross deduction
$161,381
Your income tax rate
Estimated tax savings
$48,414
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
Plan to claim the STR loophole?
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