3020 Wolf Lake Rd Ely, Minnesota, 55731-8420
2 bed • 2 bath • 4 guests
Est. $1,415/mo
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$54,787
Annual Revenue
Top 101% of comparables
Top 101% of comparables
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
14.39%
Cap Rate
9.87%
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
$10,392
Deductible property tax
$738
Your total deduction
$26,600
Your adjusted annual income
$150,000 - $26,600 = $123,400
Taxes on $123,400 (30%)
$37,020
Your old tax bill
$45,000
Your new tax bill
$37,020
Estimated tax savings
$7,980
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