1951 Island Club Dr Indialantic, Florida, 32903
1 bed • 1 bath • 3 guests
Est. $987/mo
$205,800
Zestimate
Airbnb Investor Score
$6,723
Annual Profit
10.0%
Cap Rate
13.0%
Cash on Cash
$39,410
Annual Revenue
BNBCalc predicts this property will get $115 per night with 69% occupancy, putting it in the top 45% revenue percentile compared to similar properties nearby.
Top 26% of comparables
Top 26% of comparables
Seasonality
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$30,310
Avg annual revenue
69%
Avg occupancy rate
$115
Avg nightly rate
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Revenue per year
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$6,724
Profit
Revenue
$39,410
Operating Expenses
$18,803
Operating Income
$20,607
Mortgage & Taxes
$13,883
Profit (Cash Flow)
$6,724
$51,584
Cash Investment
Down Payment
$41,160
Renos & Furnishing
$4,250
Closing Costs
$6,174
Total
$51,584
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
13.03%
Cap Rate
10.01%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$9,767
Deductible property tax
$2,037
Your total deduction
$14,251
Your adjusted annual income
$150,000 - $14,251 = $135,749
Taxes on $135,749 (30%)
$40,725
Your old tax bill
$45,000
Your new tax bill
$40,725
Estimated tax savings
$4,275
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
2,613 sqft
Year built:
1987
Size:
700 sqft
Type:
CONDO
Parking:
-
Heating:
Central, Electric
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: CONDO
- Stories: 1
- Lot size: 2,613 sqft
- Building area: 700 sqft
- Garage: No
- Heating: Central, electric
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: Central Air, Electric
- View: -
- Parking: Unassigned
- Amenities: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 2737130000262.K0000.00
- Flood Zone: No
Tax Info
- Year Assessed: 2024
- Assessed Value: $177,300
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $205,800
Schools
- High School: Melbourne Senior High School with 5/10 star rating