Gross Revenue Total storage rental income collected during the fiscal year before any operating expenses or debt service.Storage Income (annual)
Gross Revenue
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Storage income
i
Operating Expenses Total annual cost to run the facility: property tax, insurance, payroll, maintenance, management fees, utilities, and other line items.Sum of all OpEx line items
Operating Expenses
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Total annual opex
i
Operating Expense Ratio What percentage of gross revenue is consumed by operating expenses. Lower is better — indicates more efficient operations.OpEx ÷ Gross Revenue
OpEx Ratio
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Expenses ÷ Revenue
i
Net Operating Income Revenue minus operating expenses, before any debt payments. The standard measure of a property’s operating profitability.Gross Revenue − Operating Expenses
NOI
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Revenue − OpEx
i
Cash Flow Before Tax NOI minus total debt service (principal + interest). This is the actual cash in your pocket before income taxes.NOI − Annual Debt Service
Cash Flow Before Tax
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NOI − Debt Service
i
Debt Service Coverage Ratio How many times your NOI can cover the annual debt payments. Lenders typically require 1.25x+. Higher = safer margin.NOI ÷ Annual Debt Service
DSCR
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NOI ÷ Debt Service
i
Annual Interest The interest portion of debt service payments. Only interest (not principal) is tax-deductible, making this a key input for taxable income.Outstanding Balance × Rate ÷ 12 × 12
Annual Interest
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Deductible portion of debt
i
Annual Depreciation Non-cash deduction from the IRS that reduces taxable income. Based on the Federal Asset Report (FYE 12/31/2024) MACRS schedule.Sum of current-year depr across all assets
Annual Depreciation
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Non-cash tax deduction
i
Taxable Income The income figure used to calculate federal tax. Principal payments are not deductible, but interest and depreciation are.NOI − Interest − Depreciation
Taxable Income
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NOI − Interest − Depr
i
Tax Liability Estimated federal income tax owed on the property’s taxable income at the top marginal rate of 37%.max(0, Taxable Income) × 37%
Tax Liability
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Taxable Income × 37%
i
Cash Flow After Tax The bottom-line cash remaining after all expenses, debt service, and income taxes. This is true take-home cash flow.CFBT − Tax Liability
Cash Flow After Tax
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CFBT − Tax
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Break-Even Ratio What percentage of revenue is needed just to cover operating expenses and debt service. Below 85% is generally healthy.(OpEx + Debt Service) ÷ Revenue
Break-Even Ratio
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(OpEx + DS) ÷ Revenue
Depreciation & Tax Shield
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Total Asset Cost Original purchase price plus all capital improvements placed in service. Includes buildings, equipment, vehicles, and land.Sum of all asset costs on Federal Asset Report
Total Asset Cost
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Original cost basis
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Land (Non-Depreciable) Land cannot be depreciated because it does not wear out or become obsolete. This amount is excluded from the depreciable basis.Land Self Storage + WMR Land Purchase
Land (Non-Depreciable)
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Excluded from depreciation
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Depreciable Basis The portion of total asset cost that can be depreciated over time under MACRS rules (total cost minus land).Total Asset Cost − Land
Depreciable Basis
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Cost − Land
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Accumulated Depreciation Total depreciation claimed in all prior years plus the current year. This is the cumulative write-down of the asset base.Prior years + current year depr (through FYE 2024)
Accumulated Depreciation
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Through FYE 2024
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Est. Annual Depreciation Projected annual depreciation for 2025+. Lower than 2024 because several 5-year assets have fully depreciated.~$68K (several 5-yr assets finished in 2024)
Est. Annual Depreciation
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2025 projection
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Remaining Depreciable Basis How much depreciation is still available to claim in future years before the asset base is fully written down.Depreciable Basis − Accumulated Depr
Remaining Basis
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Available to depreciate
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Annual Tax Shield Actual tax dollars saved each year thanks to the depreciation deduction. Depreciation is a “phantom expense” — no cash leaves the business.Annual Depreciation × 37% tax rate
Annual Tax Shield
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Depr × 37% tax rate
i
Depreciation Detail Full asset-by-asset breakdown from the Federal Asset Report showing cost, basis, life, method, accumulated and current year depreciation for every asset.Click to view schedule
Solar income is a third operating cash-flow stream alongside rental NOI and STRC dividends.
It is generated by the rooftop solar array at 825 West Main Road and flows directly to the company —
no associated debt service, no tenant turnover. Tracked separately so it does not distort the cap-rate calculation on the storage operating NOI.
Digital Rents
Adjusted Cost Basis
$1,000,000
10,014 shares of STRC
Dividend Rate
12.00%
Annual yield (live)
Semi-Monthly Dividend
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Paid 1st & 15th
Annual Dividend Income
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Loan Principal
$1,800,000
Click for debt schedule
Loan Interest Rate
6.58%
Blended (2 instruments)
Monthly Interest Cost
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Financing expense
Annual Interest Cost
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Total cost
Yield Spread
+5.00%
Dividend - Interest
Net Monthly Income
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After interest
Net Annual Income
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Yearly profit
Dividends Received
$0.00
0 payments
Live STRC Price
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Strategy.com
Cost Basis / Share
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After ROC adjustments
Position Market Value
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Next Payout 📅
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NOI Increase
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Digital Credit Tax-Loss Harvest & Rotation
◈ Live Rotation Targets
STRKStrategy
Price
—
Eff. Yield
—
8% Fixed · Cumulative · Convertible
STRFStrategy
Price
—
Eff. Yield
—
10% Fixed · Cumulative · Senior
STRDStrategy
Price
—
Eff. Yield
—
10% Fixed · Non-Cumulative · Junior
SATAStrive
Price
—
Eff. Yield
—
13% Variable · Daily Dividend
◈ Calculator
STRC Market Price
Auto-tracking live price
Shares to Sell
of 0 total shares
Exchange Fee %
Estimated broker/exchange fee
Tax Rate %
Marginal tax rate
Adjusted Cost Basis
—
Per share: —
Sale Proceeds
—
After fees
Realized Loss
—
—
Est. Tax Savings
—
At marginal rate
Net Tax Benefit
—
Tax savings at marginal rate
◈ Rotation Targets — Reinvest Proceeds
← Swipe to view all columns →
Target
Issuer
Stated Rate
Frequency
Market Price
Eff. Yield
Alloc %
Shares
Annual Income
Current STRC Income
—
Annual at current rate
Post-Rotation Income
—
Annual blended
Income Delta
—
Change in annual income
Wash sale note: STRK, STRF, and STRD are different classes of Strategy preferred stock with distinct terms (rate, seniority, convertibility). SATA is issued by Strive (ASST), a separate company. None are “substantially identical” to STRC under IRC §1091. Consult a tax advisor before executing.
STRC History
← Swipe to view all columns →
Date
Shares
Price
Cost
Total Shares
Note
← Swipe to view all columns →
Pay Date
Type
Amount
Cumulative
Cost Basis After
Note
ROC treatment:
STRC distributions are Return of Capital, so each payment lowers our cost basis
rather than counting as taxable income. The "Cost Basis After" column shows the
adjusted basis remaining after each payment is applied.
Effective Yield Tracker
Debt Overview
Total Outstanding Debt
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Weighted Avg Rate
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Blended across all instruments
Annual Interest Expense
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Tax-deductible
Monthly Debt Service
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Total interest + principal / mo
Annual Debt Service
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Combined payments / year
Debt Service Coverage
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Gross income / debt service
Debt Instruments
Portfolio Overview — All Sectors
Total BTC Holdings
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STRC Position
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Solar Income
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Annual, separate stream
Rental NOI
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Storage operating cash flow
Total Debt
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Across all instruments
NOI
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Rental + Solar + STRC, net of expenses
Annual Debt Service
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Interest + principal/year
Net Income (Post-Debt)
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After all debt service
Tax Loss Harvested
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Click for full breakdown
Combined Tax Savings
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TLH + deductible exchange fees @ 37%
Asset Stack & Loan-to-Value
Loan to Value
—
<65% safe65–80%>80%
Assets —
Debt —
Debt Service Coverage Ratio
Coverage Ratio
—
<1.0x1.0–1.25x>1.25x
Annual Income —
Annual Debt Service —
Consolidated Financials
Rental NOI
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Storage rental cash flow
Solar Income
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Separate income stream
STRC Dividends
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Annual dividend income
Total NOI
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Net of expenses, before debt service
RE Mortgage Debt
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3.66% fixed
Loans
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6.58% blended unsecured
Total Debt
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Combined liabilities
RE Annual Debt Service
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Mortgage payments/year
Loan Annual Interest
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Interest payments/year
Total Annual Debt Service
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Combined annual payments
RE Net Income (Post-Debt)
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NOI minus mortgage service
STRC Net Income (Post-Debt)
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Dividend minus interest
Total Net Annual Income
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Combined, after debt service
Income vs Debt Service Coverage
Income
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Debt Service
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Coverage Ratio: Loading...
Bitcoin Acquisitions
—
₿ —Avg Cost —
Purchase Events
—
Total BTC
—
BTC Price Purchase Post-TLH Avg Pre-TLH Avg
Bitcoin Yield
Bitcoin Gain
Bitcoin per Square Foot
Bitcoin Lots by Acquisition Price
—
Tax-Loss Harvest Calculator
HIFO · Live
Sale Price (per BTC)
$
Auto-tracking live price
BTC to Sell
₿
—
Exchange Fee %
%
Applied to sell + rebuy
Tax Rate %
%
Marginal rate (federal)
Cost Basis
—
—
Net Proceeds
—
—
Realized Loss / Gain
—
—
Short-Term Gains
—
Select lots
Long-Term Gains
—
Select lots
Breakeven Price
—
Avg cost basis on these lots
Exchange Fees
—
Sell fee + rebuy fee (deductible)
Net Tax Benefit
—
Tax savings − fees
Lot Selection
← Swipe to view all columns →
✓
Lot Date
Cost Basis / BTC
BTC in Lot
Lot Cost
Lot Proceeds
P/L
Holding
No wash sale rules on Bitcoin —
sell at a loss and immediately repurchase, locking in the tax deduction while maintaining your full BTC position.
The only cost is exchange fees (~1% at 0.5%/side), which are themselves tax-deductible — sell fees reduce your proceeds (increasing the realized loss), and rebuy fees increase your new cost basis.
Short-term losses offset short-term gains and up to $3K/yr of ordinary income (federal, US); excess carries forward indefinitely.
Tax notes:
Bitcoin is exempt from wash sale rules — sell at a loss and immediately repurchase.
Exchange fees are deductible: sell fees reduce proceeds (increasing realized loss), rebuy fees increase new cost basis.
Short-term losses offset ST gains and up to $3K/yr ordinary income; excess carries forward indefinitely.