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BNBCalc Short Term Rental Investment Analysis 650 Palm Ave, Hialeah, FL, 33010

2 bed • 2 bath • 6 guests • $319,500

BNB

Calc

Annual Revenue

$41,594

Profit (Cash Flow)

$954

Cap Rate

7.0%

Annual Revenue

$41,594

AirDNA projects $134/night at 61% occupancy ($29,855). Airbtics projects $156/night at 73% occupancy ($41,593). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 73% occupancy rate, $156 rate per night.

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

Percentiles25%50%75%90%
Revenue$28,825$39,781$60,882$80,003
Occupancy63%76%83%91%
Nightly Rate$121$138$192$230

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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$150
75%
211$120❌❌✅Y / Y⭐️ 5 (168)
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76%
211$60❌❌❌N / Y⭐️ 5 (212)
Cute home for 6 people in Miami Springs!

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$44,580
$122
94%
213$130❌❌✅Y / Y⭐️ 4.5 (45)
< 9 Mi to Downtown Miami - Modern Getaway

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$80,060
$204
100%
223$207❌✅✅Y / N⭐️ 5 (11)
*Flamingo Paradise*

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$59,176
$237
65%
222$199✅❌✅Y / Y⭐️ 5 (32)
CasaMochi

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$25,908
$100
70%
211$12❌❌❌N / Y⭐️ 4.8 (122)
happy home

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$31,907
$117
73%
213$80❌❌✅Y / Y⭐️ 5 (44)
Touch of Vintage #2

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$37,044
$128
78%
212$50❌❌❌N / Y⭐️ 5 (79)
The house near Miami airport beautiful place

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$49,405
$166
79%
213$75❌❌✅Y / Y⭐️ 4.9 (231)
MIAMI. ENTIRE PRIVATE HOME - TOP LEVEL.COVID-Clean

No image available

$22,647
$93
65%
215$49❌❌❌Y / Y⭐️ 4.5 (259)
Tropical & Private Bungalow/Pool

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$54,276
$150
98%
214$30✅✅❌Y / Y⭐️ 5 (281)
Comfy centric Miami 2 bedroom with Sofa sleeper.

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$28,400
$126
60%
213$100❌❌✅N / Y⭐️ 5 (45)
Modern Home w/Jacuzzi Near Wynwood|Design District

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$50,961
$164
83%
211$95❌✅❌Y / Y⭐️ 5 (69)
Adorable 2-bedroom vacation home by Miami Airport

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$48,457
$216
59%
213$150❌❌❌Y / Y⭐️ 5 (35)
Fast Wi-Fi | 10 Min Wynwood | Laundry | Fire Pit

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$43,708
$206
53%
211$170❌❌✅Y / Y⭐️ 5 (16)
Stay Cozy| 2 Modern Rooms | 5min drive to Airport

No image available

$42,679
$299
39%
221$0✅❌✅Y / Y⭐️ 0 (1)
Fire Pit | Laundry | 10mins to everything in Miami

No image available

$51,734
$226
58%
212$170❌❌✅Y / Y⭐️ 5 (19)
Luxury Miami Home! Next to Miami airport & beach

No image available

$51,881
$162
79%
211$210✅❌❌Y / Y⭐️ 4.5 (53)
Villa Oasis, Top Location, 1 mile from Airport

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$47,353
$214
58%
221$175❌❌❌Y / Y⭐️ 5 (59)
Oasis 2/1 Modern Home With a Private Backyard

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$41,645
$138
76%
211$125❌❌✅Y / Y⭐️ 5 (145)
8Guest,10 min to all attractions

No image available

$47,799
$155
82%
211$160❌❌✅Y / Y⭐️ 5 (56)
Chic 2/1 Modern Home 5 Minutes From Miami Airport

No image available

$52,939
$168
81%
211$125❌❌✅Y / Y⭐️ 5 (139)
Guesthome w/ Heated Pool 5 mins from Miami Airport

No image available

$82,654
$259
85%
211$99✅✅✅Y / Y⭐️ 5 (171)
5 Minutes from Airport Near Port of Miami

No image available

$48,228
$129
97%
211$90❌❌❌N / Y⭐️ 5 (700)
Charming two bedroom apartment.

No image available

$38,768
$135
76%
212$110❌❌✅Y / Y⭐️ 4.5 (8)
2 BD Home w/ Private Parking, Private Patio & W/D

No image available

$38,652
$121
85%
212$100❌❌❌Y / Y⭐️ 5 (66)
Renovated Home w/ Private Parking, Patio & W/D

No image available

$34,308
$117
78%
212$100❌❌❌Y / Y⭐️ 4.5 (118)
8 Guest,5 minutes to best attractions in Miami

No image available

$42,560
$123
84%
211$180❌❌✅Y / Y⭐️ 5 (86)
Comfortable House near Downtown & Airport Miami

No image available

$47,512
$230
53%
212$160❌❌✅Y / Y⭐️ 5 (80)
Sweetheart Cozy Home in the west of wynwood

No image available

$38,718
$118
87%
211$80❌❌❌Y / Y⭐️ 5 (433)
CASA LA ROSA Florida Miami.

No image available

$26,815
$79
91%
211$60❌❌❌Y / Y⭐️ 5 (178)
Cozy 2 Bed 1 Bath WEST OF WYNWOOD

No image available

$35,800
$136
67%
211$125❌❌✅Y / Y⭐️ 4.8 (81)
Front Canal House, Great outdoor

No image available

$52,746
$237
59%
213$120✅❌✅Y / Y⭐️ 4.8 (6)
Tropical Oasis-beach 15mint away

No image available

$34,019
$109
80%
223$120❌❌✅Y / Y⭐️ 4.5 (38)
King/2-1 BR/6PPL/Wi-Fi/BbQ/SPA/W&D/Parking

No image available

$37,158
$138
69%
213$150❌✅❌Y / Y⭐️ 5 (38)
Cozy 2 Bedroom home w/Gated parking & W/D

No image available

$39,120
$119
87%
212$100❌❌❌Y / Y⭐️ 4.5 (55)
Conociendo Miami

No image available

$27,103
$83
81%
211$85❌❌✅N / Y⭐️ 4.5 (50)
Prime Location WoW

No image available

$31,367
$124
66%
212$90❌❌✅Y / Y⭐️ 4 (6)
Cozy 2Bed Suite West of Wynwood

No image available

$23,519
$189
34%
223$0❌❌✅N / N⭐️ 4.5 (4)
Touch of Vintage #1

No image available

$25,483
$121
56%
212$50❌❌❌N / Y⭐️ 5 (35)

Return Metrics

1.19% cash on cash return is a fair return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$954$1,908$2,862$3,817$4,771$9,543$28,629
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$255,600$255,600$255,600$255,600$255,600$255,600$255,600
Down Payment$63,900$63,900$63,900$63,900$63,900$63,900$63,900
Property Appreciation$9,585$19,457$29,626$40,100$50,888$109,881$456,010
Total Return$330,039$340,866$351,989$363,417$375,159$438,924$804,139

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

1.19%

Cap Rate

7.04%

Return on Investment

17.1%

property-location

650 Palm Ave 210 Hialeah, Florida, 33010

2 bed • 2 bath • 6 guests

Est. $1,532/mo

Agent

Inquire about this property

Contact Agent

$319,500

Zestimate

Hialeah

Guide

Zoning

Market

Guide


Laws


Market Data

24

Airbnb Investor Score

$954

Annual Profit

7.0%

Cap Rate

1.2%

Cash on Cash

$41,594

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $134/night at 61% occupancy.Projected nightly rate is $156/night at 73% occupancy.

Top 58% of comparables

Top 41% 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.

$42,623

Avg annual revenue

73%

Avg occupancy rate

$156

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

$20k

$40k

$60k

$85k

Sign up to see the data on 40 all comparables

$954

Profit

Revenue

$41,594

Operating Expenses

$19,087

Operating Income

$22,507

Mortgage & Taxes

$21,552

Profit (Cash Flow)

$954

$79,985

Cash Investment

Down Payment

$63,900

Renos & Furnishing

$6,500

Closing Costs

$9,585

Total

$79,985

DSCR Ratio

Acceptable

1.04

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

1.19%

Cap Rate

7.04%

Profit (Cummulative)

$954

$255,600

$6,500

$9,585

$0

Total Gain

$13,678

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

$15,164

Deductible property tax

$3,163

Your total deduction

$31,595

Your adjusted annual income

$150,000 - $31,595 = $118,405


Taxes on $118,405 (30%)

$35,521

Your old tax bill

$45,000

Your new tax bill

$35,521


Estimated tax savings

$9,479

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:

-

Year built:

2003

Size:

979 sqft

Type:

CONDO

Parking:

2

Heating:

Central Electric, Other

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: CONDO
  • Stories: 1
  • Lot size: -
  • Building area: 979 sqft
  • Garage: Yes
  • Heating: Central electric, other
  • Pool: No
  • Fireplaces: -
  • Basement: No
  • Cooling: Other
  • View: City
  • Parking: 2 Assigned, Detached
  • Amenities: Dryer, Other, Range, Refrigerator, Washer
  • Price per square foot: $326

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 0431180490020
  • Flood Zone: Yes, Zone High risk: Special Flood Hazard Area (SFHA), high flood risk

Tax Info

  • Year Assessed:
  • Assessed Value: -
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $319,500


Schools

  • Elementary School: Miami Springs Elementary School with 6/10 star rating
  • Middle School: Miami Springs Middle School with 3/10 star rating
  • High School: Westland Hialeah Senior High School with 5/10 star rating