575 Prospect St Methuen, Massachusetts, 01844
4 bed • 2 bath • 10 guests
Est. $3,255/mo
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$678,600
Zestimate
Airbnb Investor Score
$7,099
Annual Profit
7.8%
Cap Rate
4.3%
Cash on Cash
$76,500
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $426/night at 61% occupancy.Projected nightly rate is $355/night at 65% occupancy.
Top 63% of comparables
Top 36% of comparables
Seasonality
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40
Airbnb Comparables
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$85,998
Avg annual revenue
65%
Avg occupancy rate
$355
Avg nightly rate
Any type
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Any min stay
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Revenue per year
$35k
$90k
$150k
$215k
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$7,099
Profit
Revenue
$76,500
Operating Expenses
$23,625
Operating Income
$52,875
Mortgage & Taxes
$45,776
Profit (Cash Flow)
$7,099
$166,578
Cash Investment
Down Payment
$135,720
Renos & Furnishing
$10,500
Closing Costs
$20,358
Total
$166,578
DSCR Ratio
Acceptable
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
4.26%
Cap Rate
7.79%
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
$32,207
Deductible property tax
$6,718
Your total deduction
$61,578
Your adjusted annual income
$150,000 - $61,578 = $88,422
Taxes on $88,422 (30%)
$26,527
Your old tax bill
$45,000
Your new tax bill
$26,527
Estimated tax savings
$18,473
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
0.56 sqft
Year built:
1835
Size:
3,105 sqft
Type:
SINGLE_FAMILY
Parking:
-
Heating:
Forced air, Gas
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: -
- Lot size: 0.56 sqft
- Building area: 3,105 sqft
- Garage: No
- Heating: Forced air, gas
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: Wall
- View: -
- Parking: None
- Amenities: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
- Price per square foot: $222
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: METHM00814B00080L00001
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $584,400
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $692,200
Schools
- High School: Methuen High School with 4/10 star rating