8751 Cordwood Trail Cheboygan, Michigan
3 bed • 2 bath • 9 guests
Purchase Price
Est. $2,604/mo
$586,100
Zestimate
$69,329
Annual Revenue
Median of 13 selected comps
- Avg Daily Rate
- $383
- Occupancy
- 50%
$20k
$60k
$95k
$135k
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Seasonality
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-$180
Profit
Revenue
$69,329
Operating Expenses
$29,972
Operating Income
$39,357
Mortgage & Taxes
$39,536
Profit (Cash Flow)
-$180
$150,067
Cash Investment
Down Payment
$117,220
Renos & Furnishing
$15,264
Closing Costs
$17,583
Total
$150,067
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
-0.11%
Cap Rate
6.71%
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
$27,817
Deductible property tax
$5,802
Estimated gross deduction
$168,643
Your income tax rate
Estimated tax savings
$50,593
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Property Overview
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