The depreciation computation is figured based on the value of the improvements, not on the land underneath ... be about $260 per month. Add in taxes and insurance and you get to expenses of ...

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

Also, if you are a tenant who pays rent, the property in which you reside cannot be depreciated; only the owner of the residence can depreciate ... Home improvements that add value to the property ...

you can claim the full annual depreciation amount of $9,091. Any significant improvements you make after the property is placed in service should be added to the rental property’s cost basis ...