607 Grace St Albert Lea, Minnesota, 56007-2466
2 bed • 1 bath • 4 guests
Est. $384/mo

Inquire about this property
Contact Agent
$26,352
Annual Revenue
Projected nightly rate is $111/night at 65% occupancy.
Top 101% of comparables
Top 101% of comparables
$4,450
Profit
Revenue
$26,352
Operating Expenses
$16,506
Operating Income
$9,847
Mortgage & Taxes
$5,397
Profit (Cash Flow)
$4,450
$24,650
Cash Investment
Down Payment
$16,000
Renos & Furnishing
$6,250
Closing Costs
$2,400
Total
$24,650
DSCR Ratio
Strong
Get a pre-qualification letter
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
18.05%
Cap Rate
12.3%
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
$3,797
Deductible property tax
$792
Your total deduction
$4,338
Your adjusted annual income
$150,000 - $4,338 = $145,662
Taxes on $145,662 (30%)
$43,699
Your old tax bill
$45,000
Your new tax bill
$43,699
Estimated tax savings
$1,301
Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com