7625 W Mercer Way Mercer Island, Washington, 98040
3 bed • 3 bath • 9 guests
Est. $11,471/mo
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$2,391,500
Zestimate
Airbnb Investor Score
-$133,897
Annual Profit
1.1%
Cap Rate
-24.0%
Cash on Cash
$47,248
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $242/night at 62% occupancy.Projected nightly rate is $196/night at 66% occupancy.
Top 53% of comparables
Top 41% of comparables
Seasonality
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$48,260
Avg annual revenue
66%
Avg occupancy rate
$196
Avg nightly rate
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Revenue per year
$20k
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$135k
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-$133,897
Profit
Revenue
$47,248
Operating Expenses
$19,822
Operating Income
$27,426
Mortgage & Taxes
$161,323
Profit (Cash Flow)
-$133,897
$558,795
Cash Investment
Down Payment
$478,300
Renos & Furnishing
$8,750
Closing Costs
$71,745
Total
$558,795
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-23.96%
Cap Rate
1.14%
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
$113,503
Deductible property tax
$23,676
Your total deduction
$372,027
Your adjusted annual income
$150,000 - $372,027 = -$222,027
Taxes on -$222,027 (30%)
-$66,608
Your old tax bill
$45,000
Your new tax bill
-$66,608
Estimated tax savings
$111,608
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
0.37 sqft
Year built:
1968
Size:
2,430 sqft
Type:
SINGLE_FAMILY
Parking:
2
Heating:
Fireplace(s), Forced Air, High Efficiency (Unspecified)
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: SINGLE_FAMILY
- Stories: 1
- Lot size: 0.37 sqft
- Building area: 2,430 sqft
- Garage: Yes
- Heating: Fireplace(s), forced air, high efficiency (unspecified)
- Pool: No
- Fireplaces: 2
- Basement: Yes
- Cooling: None
- View: Lake
- Parking: Attached Garage
- Amenities: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Garbage Disposal
- Price per square foot: $987
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 7786000010
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $1,653,000
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $2,399,400
Schools
- Middle School: Islander Middle School with 8/10 star rating
- High School: Mercer Island High School with 10/10 star rating