624 Jefferson St Ne Minneapolis, MN, 55413
4 bed • 2 bath • 12 guests
Est. $1,895/mo
This property is for sale!
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Airbnb Investor Score
$10,465
Annual Profit
9.4%
Cap Rate
10.3%
Cash on Cash
$58,381
Annual Revenue
This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $333/night at 48% occupancy.Projected nightly rate is $274/night at 57% occupancy.
Top 76% of comparables
Top 18% of comparables
Seasonality
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40
Airbnb Comparables
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$54,307
Avg annual revenue
57%
Avg occupancy rate
$274
Avg nightly rate
Any type
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Any min stay
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Revenue per year
$20k
$65k
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$160k
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$10,466
Profit
Revenue
$58,381
Operating Expenses
$21,269
Operating Income
$37,111
Mortgage & Taxes
$26,645
Profit (Cash Flow)
$10,466
$101,350
Cash Investment
Down Payment
$79,000
Renos & Furnishing
$10,500
Closing Costs
$11,850
Total
$101,350
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
10.32%
Cap Rate
9.39%
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
$18,747
Deductible property tax
$3,910
Your total deduction
$27,035
Your adjusted annual income
$150,000 - $27,035 = $122,965
Taxes on $122,965 (30%)
$36,889
Your old tax bill
$45,000
Your new tax bill
$36,889
Estimated tax savings
$8,111
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
5,227 sqft
Year built:
1900
Size:
2,170 sqft
Type:
MFR
Parking:
-
Heating:
Forced Air Unit
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 1123 Monroe St Ne | 4 | 2 | 2,568 | - | 5,227 | 1900 | $0 | - |
| 1527 Madison St Ne | 4 | 2 | 2,592 | - | 5,227 | 1900 | $185,000 | - |
| 1607 Madison St Ne | 4 | 2 | 1,395 | - | 5,227 | 1900 | $0 | - |
| 671 15th Ave Ne | 4 | 2 | 2,080 | - | 3,049 | 1900 | $0 | - |
| 1309 Monroe St Ne | 4 | 2 | 2,152 | - | 5,227 | 1909 | $0 | - |
| 1421 Jefferson St Ne | 5 | 3 | 2,320 | - | 5,227 | 1900 | $609,000 | - |
| 1419 Jefferson St Ne | - | 2 | 1,984 | - | 5,227 | 1900 | $0 | - |
| 516 8th Ave Ne | 6 | 2 | 2,208 | - | 5,663 | 1904 | $0 | 854 |
| 615 Adams St Ne | - | - | 2,966 | - | 7,841 | 1900 | $0 | - |
| 745 Fillmore St Ne | 4 | 2 | 1,892 | - | 4,792 | 1900 | $438,000 | - |
Property Details
- MLS Status: Active
- Property Use: Duplex (2 Units, Any Combination)
- Stories: -
- Lot size: 5,227 sqft
- Building area: 2,170 sqft
- Garage: No
- Heating: Forced air unit
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 14-029-24-42-0149
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2024
- Assessed Value: $367,000
- County Est. Land Value: $130,000
- Assessed Land Value: $130,000
- County Est. Structure Value: $237,000
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 08/27/23 | $0 | 0% | Anna Prokopiuk |
Ownership
- Name: Anna Prokopiuk
- Owner Occupied: No
- Owner Mailing Address: 1919 3rd St Sw, New Brighton, MN 55112
- Years Owned: 13
- Home Equity: -
- Mortgage Balance Remaining: $0
- Financed amount: -
- Owner Type: Investor
- Lien: No
- Inherited: No
- Foreclosure: No