1500 Ocean Bay Dr Key Largo, Florida
2 bed • 2 bath • 6 guests
Purchase Price
Est. $3,532/mo
$674,500
Zestimate
$76,063
Annual Revenue
Median of 25 comps selected by Sheri, creator of this analysis.
- Avg Daily Rate
- $434
- Occupancy
- 48%
$5k
$50k
$95k
$145k
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Seasonality
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-$9,120
Profit
Revenue
$76,063
Operating Expenses
$31,555
Operating Income
$44,508
Mortgage & Taxes
$53,628
Profit (Cash Flow)
-$9,120
$190,266
Cash Investment
Down Payment
$159,000
Renos & Furnishing
$7,416
Closing Costs
$23,850
Total
$190,266
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
-4.79%
Cap Rate
5.59%
STR Tax Calculator (USA)
Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.
If you buy this property, your estimated tax deduction will be...
Deductible mortgage interest
$37,732
Deductible property tax
$7,870
Estimated gross deduction
$224,765
Your income tax rate
Estimated tax savings
$67,430
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Property Overview
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