6500 Schuss Mountain Ln Mancelona, Michigan
1 bed • 1 bath • 6 guests
Purchase Price
Est. $288/mo
$20,125
Annual Revenue
Median of 25 selected comps
- Avg Daily Rate
- $163
- Occupancy
- 34%
$5k
$15k
$25k
$35k
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Seasonality
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-$2,662
Profit
Revenue
$20,125
Operating Expenses
$18,409
Operating Income
$1,716
Mortgage & Taxes
$4,378
Profit (Cash Flow)
-$2,662
$17,231
Cash Investment
Down Payment
$12,980
Renos & Furnishing
$2,304
Closing Costs
$1,947
Total
$17,231
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
-15.45%
Cap Rate
2.64%
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
$3,080
Deductible property tax
$643
Estimated gross deduction
$18,858
Your income tax rate
Estimated tax savings
$5,658
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
Plan to claim the STR loophole?
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