BNBCalc Short Term Rental Investment Analysis 3441 Scenic Highway 98

5 bed • 5 bath • 12 guests • $1,896,500

BNB

Calc

Annual Revenue

$137,865

Profit (Cash Flow)

-$21,669

Cap Rate

5.6%

Annual Revenue

$137,865

AirDNA projects $699/night at 62% occupancy ($158,289). Airbtics projects $596/night at 54% occupancy ($117,550). Airbtics predicts this property will perform in the 49% revenue percentile

BNB Calc projects a 54% occupancy rate, $699 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles	25%	50%	75%	90%
Revenue	$73,818	$132,241	$158,583	$170,588
Occupancy	40%	54%	65%	73%
Nightly Rate	$513	$566	$674	$901

Seasonality (Profit by Month)

Return Metrics

-4.82% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$21,669	-$43,338	-$65,008	-$86,677	-$108,346	-$216,693	-$650,080
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$1,517,200	$1,517,200	$1,517,200	$1,517,200	$1,517,200	$1,517,200	$1,517,200
Down Payment	$379,300	$379,300	$379,300	$379,300	$379,300	$379,300	$379,300
Property Appreciation	$56,895	$115,496	$175,856	$238,027	$302,063	$652,237	$2,706,803
Total Return	$1,931,725	$1,968,658	$2,007,348	$2,047,849	$2,090,216	$2,332,043	$3,953,222

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-4.82%

Cap Rate

5.6%

Return on Investment

11.98%

3441 Scenic Hwy 98 Destin, Florida, 32541-3714

5 bed • 5 bath • 12 guests

Purchase Price

Est. $9,096/mo

Inquire about this property

Contact Agent

$1,896,500

Zestimate

$137,865

Annual Revenue

This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $699/night at 62% occupancy.Projected nightly rate is $596/night at 54% occupancy.

Occupancy Rate

Top 51% of comparables

Avg Daily Rate

Top 21% of comparables

Seasonality

-$21,669

Profit

Revenue

$137,865

Operating Expenses

$31,602

Operating Income

$106,263

Mortgage & Taxes

$127,932

Profit (Cash Flow)

-$21,669

$449,445

Cash Investment

Down Payment

$379,300

Renos & Furnishing

$13,250

Closing Costs

$56,895

Total

$449,445

DSCR Ratio

Weak

0.83

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-4.82%

Cap Rate

5.6%

Return on Investment

11.98%

STR Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

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

$90,010

Deductible property tax

$18,775

Your total deduction

$158,145

Your adjusted annual income

$150,000 - $158,145 = -$8,145

Taxes on -$8,145 (30%)

-$2,443

Your old tax bill

$45,000

Your new tax bill

-$2,443

Estimated tax savings

$47,443

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

7,499 sqft

Year built:

1994

Size:

3,290 sqft

Type:

SFR

Parking:

Heating:

FORCED AIR

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
277 Ketch Ct	3	2	2,568	-	7,795	2006	$975,000	72
4840 Ocean Blvd	4	4	3,027	-	3,010	1999	$1,767,500	38
213 Kono Way	4	3	2,040	-	1,170	2013	$0	335
245 Apopka Cv	3	2	2,632	-	8,674	2003	$650,000	109
317 Regatta Bay Blvd	4	4	3,753	-	28,352	1999	$925,200	26
69 Crystal Beach Dr # 7	2	2	1,200	-	1,074	1994	$675,000	73
78 Tarpon St	8	8	3,483	-	7,499	2014	$2,517,500	138
4827 Ocean Blvd	5	4	4,776	-	7,223	2004	$3,700,000	83
4644 Paradise Isle	3	3	2,730	-	8,933	1996	$1,150,000	206
21 St Barts Bay	3	4	3,716	-	11,296	1998	$1,900,000	-

Property Details

MLS Status: property-details-mls-status-sold

Property Use: Single Family Residence

Stories: 3

Lot size: 7,499 sqft

Building area: 3,290 sqft

Garage: No

Heating: Forced air

Pool: No

Fireplaces: 1

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: Residential

Parcel Number: 00-2S-22-0580-0002-0040

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2023

Assessed Value: $1,275,142

County Est. Land Value: $616,587

Assessed Land Value: $616,587

County Est. Structure Value: $658,555

Market Estimate: $1,038,403

Sale history

Date	Sale Price	% Financed	Buyer
08/21/23	$0	0%	Carter Coons, Scenic 3441 Land Trust
03/05/20	$0	0%	Fees Ents Llc
09/26/14	$615,000	0%	Paul J Perozeni, Ruth E Perozeni
Invalid Date	$1,195,000	90%	Eric C Kercher

Ownership

Name: Carter Coons

Owner Occupied: No

Owner Mailing Address: 3225 Mcleod Dr # 777, Las Vegas, Nv 89121

Years Owned: 5

Home Equity: -

Mortgage Balance Remaining: $756,500

Financed amount: 90%

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No