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:

3%

Revenue Appreciation:

0%

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).

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

$0

Landscaping

$150

Ongoing Repairs

$150

Supplies

$150

Software

$50

Pest Control

$50

Permits

$0

Other

$0

Cleaning Cost

$2,304

Management & Platform Fees

$691

Platform Fee (i.e. Airbnb)

$691

Property Manager Fee

$0

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

6%

Monthly Loan Payment

$1,746

Property Tax Yearly

Property Tax Yearly

0.99%

Property Tax Monthly

$300

Mortgage Insurance (PMI)

0%

Property Details

General Info

Lot size:

43,560 sqft

Year built:

1983

Size:

1,168 sqft

Type:

CONDO

Parking:

-

Heating:

NONE

Sold Comparables

AddressBedsBathsSquare FeetLot SizeYear BuiltLast SaleDays on Market
1511 W Plainfield Ave2198043,5601983$160,0000
4166 S 14th St221,07443,5601983$196,0000
4164 S 14th St211,44943,5601983$170,00019
4155 S 14th St2190443,5601983$180,00066
4863 S 19th St321,14043,5601975$65,5000
2304 W Howard Ave3183743,5601953$60,0000
4826 S 19th St321,15443,5601975$202,0000
4801 S 19th St321,15443,5601975$199,00047
4810 S 19th St321,15443,5601975$183,00027
4830 S 19th St321,15443,5601975$191,0000

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: -
  • Heating: None
  • Pool: No
  • Fireplaces: 0
  • Basement: No basement

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

DateSale Price% FinancedBuyer
05/18/22$192,00097%Micah Ann Schoer
05/16/22$145,0000%Rodriguez Acquisitions Lcl
08/31/21$145,0000%Rodriguez Acquisitions Llc
05/31/16$83,00095%Emily M Kresse, Andrew Placzek
05/30/08$134,500103%Luebbe,Ethel F
01/29/07$00%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 star rating
  • Middle School: Roosevelt Middle School of the Arts with 3 star rating
  • High School: Ronald W. Reagan IB High School with 6 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

$225,048

Profit on this property

$226,815

Your total deduction

$19,118

So, your new taxable income is your previous income minus your total deduction ($150,000 - $19,118)

$130,882

Your old tax bill

$45,000

Your new tax bill

$39,265

Estimated tax savings

$5,735

property-location

1521 W Plainfield Ave Milwaukee, Wisconsin, 53221-1905

8 bed • 2 bath • 24 guests

Purchase Price

Est. $1,746/mo

Agent

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

3%

Revenue Appreciation

0%

Cash on Cash Return

197.82%

Cap Rate

62.29%

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

-$134,344

Your adjusted annual income

$150,000 - -$134,344 = $284,344

Taxes on $284,344 (30%)

$85,303

Your old tax bill

$45,000

Your new tax bill

$85,303

Estimated tax savings

-$40,303

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