BNBCalc.com Investment Analysis Report of 1521 W Plainfield Ave

8 bed • 2 bath • 24 guests • $364,100

BNB

Calc

Return Metrics

197.82% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

197.82%

Cap Rate

62.29%

Return on Investment

212%

Annual Revenue

$276,431

AirDNA projects $1,113/night at 68% occupancy ($276,431).

User selected values for this report: 68% occupancy rate, $1,113 rate per night

Revenue Percentile

Operating Expenses

Monthly Expenses

$4,135

Annual Expenses

$49,616

Utilities

$440

Internet + TV

$100

Water/Sewer

$70

Garbage

$50

Electric

$115

Gas

$55

Other

$50

Maintenance

$3,004

Property Insurance

$150

HOA

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

Other

Cleaning Cost

$2,304

Management & Platform Fees

$691

Platform Fee (i.e. Airbnb)

$691

Property Manager Fee

Mortgage & Taxes

Monthly Mortgage & Tax

$2,046

Annual Mortgage & Tax

$24,552

Downpayment

Purchase Price

$364,100

Percent Down

20%

Total Downpayment

$72,820

Total Loan Amount

$291,280

Monthly Loan Payment

Mortgage Length

30 years

Interest Rate

Monthly Loan Payment

$1,746

Property Tax Yearly

0.99%

Property Tax Monthly

$300

Mortgage Insurance (PMI)

Property Details

General Info

Lot size:

43,560 sqft

Year built:

1983

Size:

1,168 sqft

Type:

CONDO

Parking:

Heating:

NONE

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
1511 W Plainfield Ave	2	1	980	-	43,560	1983	$160,000	-
4166 S 14th St	2	2	1,074	-	43,560	1983	$196,000	-
4164 S 14th St	2	1	1,449	-	43,560	1983	$170,000	19
4155 S 14th St	2	1	904	-	43,560	1983	$180,000	66
4863 S 19th St	3	2	1,140	-	43,560	1975	$65,500	-
2304 W Howard Ave	3	1	837	-	43,560	1953	$60,000	-
4826 S 19th St	3	2	1,154	-	43,560	1975	$202,000	-
4801 S 19th St	3	2	1,154	-	43,560	1975	$199,000	47
4810 S 19th St	3	2	1,154	-	43,560	1975	$183,000	27
4830 S 19th St	3	2	1,154	-	43,560	1975	$191,000	-

Property Details

MLS Status: property-details-mls-status-sold

Property Use: Condominium

Stories: 1

Lot size: 43,560 sqft

Building area: 1,168 sqft

Garage: No

Heating: None

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: RT1

Land Use: Residential

Parcel Number: 578-0377-000

Flood Zone: Yes, Zone 0.2

Tax Info

Year Assessed: 2023

Assessed Value: $156,900

County Est. Land Value: -

Assessed Land Value: $16,900

County Est. Structure Value: -

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
05/18/22	$192,000	97%	Micah Ann Schoer
05/16/22	$145,000	0%	Rodriguez Acquisitions Lcl
08/31/21	$145,000	0%	Rodriguez Acquisitions Llc
05/31/16	$83,000	95%	Emily M Kresse, Andrew Placzek
05/30/08	$134,500	103%	Luebbe,Ethel F
01/29/07	$0	0%	Wenzel,Marco & Deanna M

Ownership

Name: Micah Ann Schoer

Owner Occupied: Yes

Owner Mailing Address: 1521 W Plainfield Ave, Milwaukee, Wi 53221

Years Owned: 27

Home Equity: -

Mortgage Balance Remaining: $186,240

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No

Schools

Elementary School: Milwaukee French Immersion School with 4/10 star rating
Middle School: Roosevelt Middle School of the Arts with 3/10 star rating
High School: Ronald W. Reagan IB High School with 6/10 star rating

Tax Calculator (USA)

Tax Calculator (US Only)

Example Income

$150,000

Example Income Tax Rate

30%

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$17,281

Deductible property tax

$3,605

Est. Depreciation Value

$156,538

Profit on this property

$226,815

Your total deduction

-$49,392

So, your new taxable income is your previous income minus your total deduction ($150,000 - -$49,392)

$199,392

Your old tax bill

$45,000

Your new tax bill

$59,818

Estimated tax savings

-$14,818

1521 W Plainfield Ave Milwaukee, Wisconsin, 53221-1905

8 bed • 2 bath • 24 guests

Purchase Price

Est. $1,746/mo

Inquire about this property

Contact Test

Agent at BNB

$364,100

Zestimate

$276,431

Annual Revenue

Occupancy Rate

Top 101% of comparables

Avg Daily Rate

Top 101% of comparables

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

197.82%

Cap Rate

62.29%

Return on Investment

212%

15 Long Term Rental Comparables

This property's projected long-term rent from Rentrange™ is $2,220/mo ($26,640/yr) and $-/mo from Zillow. Projected vacancy is -% and rent growth is $-/yr. View comparable long-term rentals below ranging from $830 to $3,600.

Name	Listed Rent	Sqft	Type	Beds	Baths	Listed on	Similarity	Distance
4280 S Ravinia Dr	$1,415		Apartment			8/29	83.6%	1.58 mi
5470 S Tuckaway Ln	$975		Apartment		1	4/15	79.9%	1.90 mi
4955 S Greenbrook Ter	$1,080		Apartment		1	6/5	78.3%	2.54 mi
1540 W Foster Ave	$2,200	1202	Single Family	3	2	7/22	67.3%	0.77 mi
4026 S Burrell St	$2,300	1350	Single Family	4	2	5/14	66.0%	1.29 mi

Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

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

$17,281

Deductible property tax

$3,605

Your total deduction

-$154,897

Your adjusted annual income

$150,000 - -$154,897 = $304,897

Taxes on $304,897 (30%)

$91,469

Your old tax bill

$45,000

Your new tax bill

$91,469

Estimated tax savings

-$46,469

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

43,560 sqft

Year built:

1983

Size:

1,168 sqft

Type:

CONDO

Parking:

Heating:

NONE

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
1511 W Plainfield Ave	2	1	980	-	43,560	1983	$160,000	-
4166 S 14th St	2	2	1,074	-	43,560	1983	$196,000	-
4164 S 14th St	2	1	1,449	-	43,560	1983	$170,000	19
4155 S 14th St	2	1	904	-	43,560	1983	$180,000	66
4863 S 19th St	3	2	1,140	-	43,560	1975	$65,500	-
2304 W Howard Ave	3	1	837	-	43,560	1953	$60,000	-
4826 S 19th St	3	2	1,154	-	43,560	1975	$202,000	-
4801 S 19th St	3	2	1,154	-	43,560	1975	$199,000	47
4810 S 19th St	3	2	1,154	-	43,560	1975	$183,000	27
4830 S 19th St	3	2	1,154	-	43,560	1975	$191,000	-

Property Details

MLS Status: property-details-mls-status-sold

Property Use: Condominium

Stories: 1

Lot size: 43,560 sqft

Building area: 1,168 sqft

Garage: No

Heating: None

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square feet: -

Lot Info

Zoning: RT1

Land Use: Residential

Parcel Number: 578-0377-000

Flood Zone: Yes, Zone 0.2

Tax Info

Year Assessed: 2023

Assessed Value: $156,900

County Est. Land Value: -

Assessed Land Value: $16,900

County Est. Structure Value: -

Market Estimate: -

Sale history

Date	Sale Price	% Financed	Buyer
05/18/22	$192,000	97%	Micah Ann Schoer
05/16/22	$145,000	0%	Rodriguez Acquisitions Lcl
08/31/21	$145,000	0%	Rodriguez Acquisitions Llc
05/31/16	$83,000	95%	Emily M Kresse, Andrew Placzek
05/30/08	$134,500	103%	Luebbe,Ethel F
01/29/07	$0	0%	Wenzel,Marco & Deanna M

Ownership

Name: Micah Ann Schoer

Owner Occupied: Yes

Owner Mailing Address: 1521 W Plainfield Ave, Milwaukee, Wi 53221

Years Owned: 27

Home Equity: -

Mortgage Balance Remaining: $186,240

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No

Schools

Elementary School: Milwaukee French Immersion School with 4/10 star rating
Middle School: Roosevelt Middle School of the Arts with 3/10 star rating
High School: Ronald W. Reagan IB High School with 6/10 star rating