8708 Steelhead Ave Kings Beach, California, 96143
2 bed • 1 bath • 6 guests
Est. $2,763/mo

This property is for sale!
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$55,031
Annual Revenue
This property is projected to be in the top 45% revenue percentile compared to similar properties nearby.
Projected nightly rate is $292/night at 58% occupancy.Projected nightly rate is $247/night at 61% occupancy.
Top 51% of comparables
Top 48% of comparables
Seasonality
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$56,934
Avg annual revenue
61%
Avg occupancy rate
$247
Avg nightly rate
Any type
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Any min stay
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Revenue per year
$15k
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-$4,658
Profit
Revenue
$55,031
Operating Expenses
$20,834
Operating Income
$34,197
Mortgage & Taxes
$38,855
Profit (Cash Flow)
-$4,658
$138,730
Cash Investment
Down Payment
$115,200
Renos & Furnishing
$6,250
Closing Costs
$17,280
Total
$138,730
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-3.35%
Cap Rate
5.93%
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
$27,338
Deductible property tax
$5,702
Your total deduction
$62,584
Your adjusted annual income
$150,000 - $62,584 = $87,416
Taxes on $87,416 (30%)
$26,225
Your old tax bill
$45,000
Your new tax bill
$26,225
Estimated tax savings
$18,775
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
3,125 sqft
Year built:
1965
Size:
576 sqft
Type:
SFR
Parking:
-
Heating:
Floor/Wall
Sold Comparables
Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
---|---|---|---|---|---|---|---|---|
8570 Dolly Varden Ave | 3 | 1 | 976 | - | 6,250 | 1964 | $600,000 | - |
8530 Rainbow Ave | 1 | 1 | 480 | - | 9,375 | 1957 | $0 | - |
648 N Shore Blvd | 2 | 1 | 624 | - | 9,737 | 1941 | $560,000 | 18 |
504 Beaver St | 4 | 3 | 2,147 | - | 6,011 | 1981 | $0 | 221 |
8739 Golden Ave | 2 | 1 | 624 | - | 3,125 | 1965 | $0 | - |
8333 Dolly Varden Ave | 2 | 1 | 968 | - | 6,250 | 1966 | $0 | 1 |
8550 Rainbow Ave | 1 | 1 | 352 | - | 6,250 | 1960 | $0 | - |
8597 Loch Levon Ave | 3 | 2 | 1,797 | - | 6,250 | 1953 | $0 | - |
553 Beaver St | 1 | 1 | 816 | - | 7,747 | - | $0 | - |
258 Chipmunk St | 3 | 2 | 1,408 | - | 5,087 | 1980 | $824,500 | 0 |
Property Details
- MLS Status: Active
- Property Use: Single Family Residence
- Stories: -
- Lot size: 3,125 sqft
- Building area: 576 sqft
- Garage: No
- Heating: Floor/wall
- Pool: No
- Fireplaces: 1
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 090-174-022-000
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2024
- Assessed Value: $257,003
- County Est. Land Value: -
- Assessed Land Value: $191,386
- County Est. Structure Value: -
Market Estimate: -
Sale history
Date | Sale Price | % Financed | Buyer |
---|---|---|---|
03/01/19 | $235,000 | 80% | Michele Leann Koerner, David Gordon Koerner |
10/23/14 | $0 | 0% | Raptor Enterprises Inc |
06/20/14 | $40,000 | 100% | Capitol City Partners Inc |
Ownership
- Name: Michele Koerner
- Owner Occupied: No
- Owner Mailing Address: Po Box 937, Kings Beach, CA 96143
- Years Owned: 69
- Home Equity: $371,000
- Mortgage Balance Remaining: $188,000
- Financed amount: 100%
- Owner Type: Investor
- Lien: No
- Inherited: No
- Foreclosure: No