6419 Patterson Ave Richmond, Virginia
3 bed • 3 bath • 8 guests
Purchase Price
Est. $2,006/mo
$451,500
Zestimate
$70,554
Annual Revenue
Median of 20 selected comps
- Avg Daily Rate
- $329
- Occupancy
- 59%
$25k
$55k
$85k
$115k
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Seasonality
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$9,837
Profit
Revenue
$70,554
Operating Expenses
$30,260
Operating Income
$40,293
Mortgage & Taxes
$30,457
Profit (Cash Flow)
$9,837
$114,245
Cash Investment
Down Payment
$90,300
Renos & Furnishing
$10,400
Closing Costs
$13,545
Total
$114,245
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
8.61%
Cap Rate
8.92%
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
$21,429
Deductible property tax
$4,470
Estimated gross deduction
$129,506
Your income tax rate
Estimated tax savings
$38,852
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
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Property Overview
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