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BNBCalc Short Term Rental Investment Analysis 481 Magellan Dr, Sarasota, FL, 34243

2 bed • 2 bath • 6 guests • $356,391

BNB

Calc

Annual Revenue

$54,436

Profit (Cash Flow)

$30,151

Cap Rate

9.5%

Annual Revenue

$54,436

AirDNA projects $216/night at 69% occupancy ($54,435). Airbtics projects $134/night at 60% occupancy ($29,365). Airbtics predicts this property will perform in the 45% revenue percentile

BNB Calc projects a 69% occupancy rate, $216 rate per night.

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

Percentiles25%50%75%90%
Revenue$18,922$29,911$45,226$63,823
Occupancy49%65%74%83%
Nightly Rate$103$123$162$204

Seasonality (Profit by Month)

Sign up to view the full seasonality chart

Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
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58%
211$80✅❌✅N / Y⭐️ 4.8 (43)
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$147
78%
213$75❌❌✅N / Y⭐️ 5 (59)
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$106
75%
214$125❌❌❌Y / Y⭐️ 5 (46)
Lovely Home by Sarasota Bay

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84%
212$100❌❌❌Y / Y⭐️ 5 (57)
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$94
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212$100✅❌❌Y / Y⭐️ 4.8 (69)
Movin On

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$94
34%
211$60❌❌✅Y / Y⭐️ 4.8 (52)
Mediterranean-Type Waterfront w/Pool-Saltwater Spa

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$30,216
$136
60%
213$45✅✅❌Y / Y⭐️ 4.8 (39)
Pet friendly newly renovated bungalow

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$222
55%
213$150❌❌✅Y / Y⭐️ 4.8 (28)
A private apartment central to Bradenton-Sarasota

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$70
78%
211$79❌❌❌N / Y⭐️ 4.8 (81)
Entire 2BR apartment full kitchen & fast internet

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87%
211$79❌❌❌N / Y⭐️ 4.9 (299)
Vacation time with heated pool/close to the beach

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$62,620
$232
72%
224$225✅❌✅Y / Y⭐️ 4.9 (58)
Sarasota Home w/ Large Backyard & Water Access

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$122
74%
222$124✅❌✅Y / Y⭐️ 4.7 (115)
Beautiful Bunkhouse RV w/pool and fitness center

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$105
68%
212$75✅❌✅Y / Y⭐️ 4.7 (34)
Coastal Style 2BR cottage near Anna Maria Island

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$38,062
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80%
222$100✅❌❌Y / Y⭐️ 5 (106)
Lovely House in Sarasota Bay

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$29,684
$108
69%
212$100❌❌❌Y / Y⭐️ 5 (44)
Settle Down in Sarasota

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$43,267
$158
72%
223$175✅❌❌Y / Y⭐️ 4.8 (11)
Entire home, pet friendly

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$28,755
$87
90%
217$50❌❌✅Y / Y⭐️ 4.5 (11)
Siesta near Brandenton Beach

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$35,562
$167
57%
212$150✅❌✅N / N⭐️ 4.4 (18)
A Piece Of Sunshine to Enjoy!

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$182
46%
222$150❌❌✅Y / Y⭐️ 5 (18)
The Palm House: cozy, safe, central Sarasota

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$29,871
$195
41%
225$75❌❌❌Y / Y⭐️ 5 (22)
Luxury Bayview Retreat w/Pool, Spa+ Hot Tub

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$35,404
$220
43%
223$50✅✅❌Y / Y⭐️ 4.9 (12)
Unit-1 Close to the beaches/ Lots of fun.

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$24,189
$102
58%
222$150❌❌❌Y / Y⭐️ 4.9 (52)
“The Original” - King Bed - Renovated - near IMG

No image available

$30,006
$139
56%
214$125❌❌❌Y / Y⭐️ 4.9 (68)
Cozy pool home

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$41,000
$172
62%
223$175✅❌✅Y / Y⭐️ 4.2 (9)
Comfortable camper in bradenton

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$88
71%
211$0✅❌✅Y / N⭐️ 0 (0)
Charming Musical Art Deco Home

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63%
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NEW! Relaxing Cottage Near Anna Marie Island

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69%
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Sarasota Bay Dream

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$204
45%
222$150✅❌✅N / Y⭐️ 4.5 (25)
Sunny Bradenton Getaway.

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$120
83%
211$60✅❌❌Y / Y⭐️ 0 (0)
New & Cozy RV in Bradenton-Sarasota

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$105
69%
221$120❌❌❌N / N⭐️ 4.8 (6)
Sunset By The Bay!

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$125
90%
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Blissful home near Beaches, Downtown, and Airport

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222$150❌❌❌Y / Y⭐️ 4.8 (8)
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223$175✅❌✅Y / Y⭐️ 0 (1)
Jai Joe

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Return Metrics

86.11% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$30,151$60,302$90,453$120,604$150,755$301,510$904,530
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$338,571$338,571$338,571$338,571$338,571$338,571$338,571
Down Payment$17,819$17,819$17,819$17,819$17,819$17,819$17,819
Property Appreciation$10,691$21,704$33,047$44,730$56,763$122,568$508,663
Total Return$397,233$438,397$479,891$521,725$563,909$780,469$1,769,585

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

86.11%

Cap Rate

9.45%

Return on Investment

141.29%

property-location

481 Magellan Dr Sarasota, Florida, 34243

2 bed • 2 bath • 6 guests

Est. $1,709/mo

Agent

Inquire about this property

Contact Agent

$1,393,000

Zestimate

275

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

Sign up to view the full seasonality chart

40

Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$30,254

Avg annual revenue

60%

Avg occupancy rate

$134

Avg nightly rate


🏊‍♂️ Pool
🛁 Hot tub
🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$10k

$30k

$45k

$65k

Sign up to see the data on 40 all comparables

$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%

Profit (Cummulative)

$30,151

$338,571

$6,500

$10,692

$0

Total Gain

$49,470

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

$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

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:

14,070 sqft

Year built:

1968

Size:

1,936 sqft

Type:

SFR

Parking:

2

Heating:

Central

Sold Comparables

AddressBedsBathsSquare Feet$/SqFtLot SizeYear BuiltLast SaleDays on Market
333 Whitfield Ave221,773-11,0671961$2,683,800-
6860 Pennsylvania Ave221,619-21,7501975$299,000-
223 Jungle Way321,562-15,2401977$460,750-
826 Lillian Ln321,320-12,0121973$235,000-
715 64th Avenue Dr E321,308-7,1001977$0-
7102 Westmoreland Dr321,652-18,6001974$0-
6911 Kimberlynn Cir321,811-15,9661985$0-
462 Chevy Chase Dr321,906-15,7301978$630,000-
460 Magellan Dr321,859-16,0501965$415,000-
7316 Meadowbrook Dr321,517-12,9601979$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

DateSale Price% FinancedBuyer
05/29/19$310,00095%Grant Curtan, Colleen M Quinn
11/14/00$190,00031%D Gary Alvey, Judine B Alvey
05/25/00$00%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