Delaware Depreciation Calculator

Real estate depreciation lets you deduct the cost of a building over its useful life — 27.5 years for residential property. Pre-filled with Delaware median property value of $352,000.

Market

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Property Details

Property Type

Purchase Price

Land Percentage($70,400 land)

Capital Improvements

Tax & Timeline

Marginal Tax Rate

Years Held

Depreciation Schedule

$10,240$10,240 total

$10,240$20,480 total

$10,240$30,720 total

$10,240$40,960 total

$10,240$51,200 total

$10,240$61,440 total

$10,240$71,680 total

$10,240$81,920 total

$10,240$92,160 total

$10,240$102,400 total

$10,240$112,640 total

$10,240$122,880 total

$10,240$133,120 total

$10,240$143,360 total

$10,240$153,600 total

$10,240$163,840 total

$10,240$174,080 total

$10,240$184,320 total

$10,240$194,560 total

$10,240$204,800 total

$10,240$215,040 total

$10,240$225,280 total

$10,240$235,520 total

$10,240$245,760 total

$10,240$256,000 total

$10,240$266,240 total

$10,240$276,480 total

$5,120$281,600 total

Delaware Market Context

Avg Cap Rate

5.8%

Median Price

$352K

Property Tax

0.51%

Vacancy Rate

3.8%

Local Factors

-No state sales tax makes it attractive for retirees and renters
-Low insurance costs relative to other East Coast states
-Coastal areas (Rehoboth, Lewes) have seasonal rental premiums but flood risk

Sources

World Population Review – Median Home Price FL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance Rates iPropertyManagement – Vacancy Rates

Annual Depreciation

$10,240

$853/mo

Solid Savings

Annual Tax Savings$2,458

Depreciable Basis$281,600

Building Value$281,600

Land Value$70,400

Useful Life27.5 years

Total Deductions Taken$10,240

Total Tax Savings$2,458

Years Remaining27 of 27.5

Land (Non-depreciable)$70,400

Depreciation Taken$10,240

Remaining Basis$271,360

What does this mean?

You're getting meaningful tax savings from depreciation. This phantom expense reduces your taxable rental income without costing you anything out of pocket.

How Real Estate Depreciation Works

Depreciation is one of the most powerful tax benefits of owning rental property. The IRS allows you to deduct the cost of a building (not land) over its useful life — 27.5 years for residential and 39 years for commercial property.

This is called straight-line depreciation because you take equal deductions each year. It's a "paper loss" — your property might be appreciating while you claim it's losing value. That phantom expense offsets rental income and reduces your tax bill.

Keep running the numbers

One calculator rarely tells the whole story.

Depreciation is the silent return in Delaware. See how it compounds.

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