Depreciation Estimates
I am not an accountant and I am not giving tax or accounting advice. You should consult with your own tax advisor or accountant to get information on exactly how this applies to your unique financial situation.
With that said, our tax system apparently allows you to depreciate residential real estate over 27.5 years. This allows you a tax benefit for owning residential real estate.
The number we have shown in our analysis is an estimate of this tax benefit if you were paying a taxes at a 33% rate. This rate is arbitrarily picked to give you an idea of what it could be. Your tax rate will likely be different and could be higher or lower. Talk to your accountant or tax professional for more information.