587 Ridge Ave NE New Philadelphia, Ohio, 44663
6 bed • 4 bath • 9 guests
Est. $1,247/mo
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$202,600
Zestimate
Airbnb Investor Score
$40,841
Annual Profit
22.2%
Cap Rate
47.9%
Cash on Cash
$81,968
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $516/night at 48% occupancy.Projected nightly rate is $458/night at 49% occupancy.
Top 48% of comparables
Top 43% of comparables
Seasonality
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19
Airbnb Comparables
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$82,417
Avg annual revenue
49%
Avg occupancy rate
$458
Avg nightly rate
Any type
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Apartment
Any min stay
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Revenue per year
$25k
$65k
$110k
$155k
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$40,842
Profit
Revenue
$81,968
Operating Expenses
$24,336
Operating Income
$57,632
Mortgage & Taxes
$16,791
Profit (Cash Flow)
$40,842
$85,200
Cash Investment
Down Payment
$62,400
Renos & Furnishing
$15,000
Closing Costs
$7,800
Total
$85,200
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
47.93%
Cap Rate
22.16%
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
$11,723
Deductible property tax
$2,574
Your total deduction
-$12,883
Your adjusted annual income
$150,000 - -$12,883 = $162,883
Taxes on $162,883 (30%)
$48,865
Your old tax bill
$45,000
Your new tax bill
$48,865
Estimated tax savings
-$3,865
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
-
Year built:
2003
Size:
2,120 sqft
Type:
APARTMENT
Parking:
-
Heating:
Heat Pump
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: APARTMENT
- Stories: -
- Lot size: -
- Building area: 2,120 sqft
- Garage: No
- Heating: Heat pump
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: Central Air
- View: -
- Parking: Attached, Off Street
- Amenities: Dishwasher
- Price per square foot: $95
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 4301556002
- Flood Zone: No
Tax Info
- Year Assessed: 2023
- Assessed Value: $217,690
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $202,600
Schools
- Middle School: Joseph Welty Middle School with 6/10 star rating
- High School: New Philadelphia High School with 4/10 star rating