481 Magellan Dr Sarasota, Florida, 34243
2 bed • 2 bath • 6 guests
Est. $1,709/mo

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$1,393,000
Zestimate
Airbnb Investor Score
$9,811
Annual Profit
9.5%
Cap Rate
86.1%
Cash on Cash
$54,436
Annual Revenue
This property is projected to be in the top 45% revenue percentile compared to similar properties nearby.
Projected nightly rate is $216/night at 69% occupancy.Projected nightly rate is $134/night at 60% occupancy.
Top 46% of comparables
Top 6% of comparables
Seasonality
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Airbnb Comparables
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$30,254
Avg annual revenue
60%
Avg occupancy rate
$134
Avg nightly rate
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Revenue per year
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$30,151
Profit
Revenue
$54,436
Operating Expenses
$20,757
Operating Income
$33,679
Mortgage & Taxes
$3,528
Profit (Cash Flow)
$30,151
$24,320
Cash Investment
Down Payment
$17,820
Renos & Furnishing
$6,500
Total
$24,320
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
86.11%
Cap Rate
9.45%
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
$11,574
Deductible property tax
$3,528
Your total deduction
$22,336
Your adjusted annual income
$150,000 - $22,336 = $127,664
Taxes on $127,664 (30%)
$38,299
Your old tax bill
$45,000
Your new tax bill
$38,299
Estimated tax savings
$6,701
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
14,070 sqft
Year built:
1968
Size:
1,936 sqft
Type:
SFR
Parking:
2
Heating:
Central
Sold Comparables
Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
---|---|---|---|---|---|---|---|---|
333 Whitfield Ave | 2 | 2 | 1,773 | - | 11,067 | 1961 | $2,683,800 | - |
6860 Pennsylvania Ave | 2 | 2 | 1,619 | - | 21,750 | 1975 | $299,000 | - |
223 Jungle Way | 3 | 2 | 1,562 | - | 15,240 | 1977 | $460,750 | - |
826 Lillian Ln | 3 | 2 | 1,320 | - | 12,012 | 1973 | $235,000 | - |
715 64th Avenue Dr E | 3 | 2 | 1,308 | - | 7,100 | 1977 | $0 | - |
7102 Westmoreland Dr | 3 | 2 | 1,652 | - | 18,600 | 1974 | $0 | - |
6911 Kimberlynn Cir | 3 | 2 | 1,811 | - | 15,966 | 1985 | $0 | - |
462 Chevy Chase Dr | 3 | 2 | 1,906 | - | 15,730 | 1978 | $630,000 | - |
460 Magellan Dr | 3 | 2 | 1,859 | - | 16,050 | 1965 | $415,000 | - |
7316 Meadowbrook Dr | 3 | 2 | 1,517 | - | 12,960 | 1979 | $0 | - |
Property Details
- MLS Status: N/A
- Property Use: Single Family Residence
- Stories: 1
- Lot size: 14,070 sqft
- Building area: 1,936 sqft
- Garage: Yes
- Heating: Central
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: RSF-3
- Land Use: Residential
- Parcel Number: 65471.0000-5
- Flood Zone: Yes, Zone 0.2
Tax Info
- Year Assessed: 2024
- Assessed Value: $263,213
- County Est. Land Value: $136,000
- Assessed Land Value: -
- County Est. Structure Value: $356,391
Market Estimate: -
Sale history
Date | Sale Price | % Financed | Buyer |
---|---|---|---|
05/29/19 | $310,000 | 95% | Grant Curtan, Colleen M Quinn |
11/14/00 | $190,000 | 31% | D Gary Alvey, Judine B Alvey |
05/25/00 | $0 | 0% | Bk Amer N A, Harry C Stanley Living Tr |
Ownership
- Name: Grant Curtan
- Owner Occupied: Yes
- Owner Mailing Address: 481 Magellan Dr, Sarasota, FL 34243
- Years Owned: 66
- Home Equity: $42,530
- Mortgage Balance Remaining: $479,470
- Financed amount: -
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No