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BNBCalc Short Term Rental Investment Analysis 6507 61st Dr E, Palmetto, FL, 34221

3 bed • 2 bath • 9 guests • $355,300

BNB

Calc

Report by:

Jonah Platovsky

jonah@luxmoreproperties.com

Annual Revenue

$62,895

Profit (Cash Flow)

$17,071

Cap Rate

11.6%

Annual Revenue

$62,895

AirDNA projects $166/night at 82% occupancy ($49,717). Airbtics projects $246/night at 70% occupancy ($62,895). Airbtics predicts this property will perform in the 47% revenue percentile

BNB Calc projects a 70% occupancy rate, $246 rate per night.

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

Percentiles25%50%75%90%
Revenue$45,195$58,532$81,166$132,259
Occupancy64%70%81%87%
Nightly Rate$186$219$260$397

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
Maison avec Piscine (Home with pool) Palmetto FL

No image available

$57,570
$160
94%
323$225✅❌✅Y / Y⭐️ 5 (83)
Tranquility Found Heated Saltwater Pool + Spa

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$72,906
$236
76%
323$249✅✅❌Y / Y⭐️ 5 (56)
Mimi's Farmhouse in Palmetto, 3 bedrooms, 2 baths

No image available

$49,658
$149
88%
323$150❌❌✅Y / Y⭐️ 5 (87)
Boater’s Dream Oasis

No image available

$105,067
$393
72%
333$250✅✅✅Y / Y⭐️ 5 (62)
SUNSET HAVEN-AMAZING VIEWS/NEW OUTSIDE KITCHEN

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$91,147
$549
45%
322$145✅❌✅Y / Y⭐️ 4.5 (205)
Close to everything

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$41,776
$160
68%
322$150❌❌❌Y / Y⭐️ 5 (59)
Charming home min from marina/beaches, IMG. Gem!

No image available

$55,133
$221
65%
32.51$150❌❌✅Y / Y⭐️ 4.5 (57)
River Pointe 3/2 Lakefront Home with Heated Pool

No image available

$53,993
$208
70%
324$175✅❌❌Y / Y⭐️ 5 (38)
Dog-Friendly Home w/ Pool & Yard in Bradenton

No image available

$72,863
$235
82%
323$258✅❌✅Y / Y⭐️ 5 (28)
Beautiful home in Bradenton FL with a heated pool.

No image available

$93,927
$297
81%
32.55$250✅❌❌Y / Y⭐️ 5 (28)
Beautiful Beach Cottage

No image available

$48,164
$160
81%
323$175❌❌✅Y / Y⭐️ 5 (95)
Coastal Paradise w/heated pool, clean and comfy

No image available

$55,780
$190
78%
323$175✅❌❌Y / Y⭐️ 5 (153)
Private Island Old FL Waterfront Heaven on Earth

No image available

$93,252
$355
70%
322$175❌❌❌Y / Y⭐️ 5 (94)
Historic 1930s Palmetto Cottage

No image available

$54,336
$219
66%
322$119✅❌❌Y / Y⭐️ 5 (88)
Palmetto Palms Oasis

No image available

$37,798
$117
83%
311$75❌❌✅Y / Y⭐️ 5 (124)
Charming Bungalow w/ Pool; Minutes to Beaches

No image available

$64,789
$251
67%
321$190✅❌❌Y / Y⭐️ 5 (69)
New! 8 mi to Anna Maria Island , Luxury Cottage

No image available

$82,642
$283
75%
325$215❌❌✅Y / Y⭐️ 5 (56)
Fun in the Sun

No image available

$17,055
$136
31%
313$90❌❌❌Y / Y⭐️ 4.5 (27)
Salty Mermaid Vibes

No image available

$68,752
$222
79%
322$175✅✅✅Y / Y⭐️ 4.5 (76)
Laughing Seagull | Heated Pool | 9 min to IMG

No image available

$82,041
$253
86%
322$300✅❌✅Y / Y⭐️ 5 (44)
Rambling River Retreat on the Manatee River

No image available

$88,050
$460
52%
321$250❌❌✅Y / Y⭐️ 5 (81)
Pool, Dock & Kayaks: Waterfront Palmetto Home

No image available

$150,282
$470
86%
323$232✅❌❌Y / Y⭐️ 5 (33)
Downtown Bradenton Bliss: 3-Bed Apartment

No image available

$33,277
$149
56%
311$150❌❌✅Y / Y⭐️ 5 (81)
Downtown Bradenton Gem: 3-Bed Luxury Haven

No image available

$43,758
$154
72%
311$150❌❌✅Y / Y⭐️ 5 (58)
Chic Home near Attractions! - Sabai Sabai

No image available

$59,782
$230
66%
331$350✅❌❌Y / Y⭐️ 4.5 (7)
Casa del Río! Beaches, IMG, Boating, & Riverwalk.

No image available

$63,204
$195
80%
321$225❌❌✅Y / Y⭐️ 5 (296)
Downtown Bradenton & close to Beaches, quiet area

No image available

$60,456
$176
88%
322$150❌❌❌Y / Y⭐️ 5 (130)
Whimsical decor-pergola swings-moonlit hot tub-FUN

No image available

$62,585
$231
70%
322$225✅✅✅Y / Y⭐️ 5 (136)
Amazing 3 bedroom 2 bathrooms pool and spa home!!

No image available

$58,111
$201
67%
323$250✅✅✅Y / N⭐️ 5 (15)
Private Oasis: Heated Saltwater Pool+Putting Green

No image available

$63,750
$202
85%
322$180✅❌❌Y / Y⭐️ 5 (171)
Sugarcane Hideaway

No image available

$50,362
$202
62%
322$250✅✅✅Y / Y⭐️ 4.5 (40)
Saltwater heated pool w/ massage chair + fire pit

No image available

$120,407
$356
87%
32.52$249✅❌✅Y / Y⭐️ 5 (90)
Brand-new 3BR house in Parrish!

No image available

$54,233
$196
71%
322$275❌❌❌Y / Y⭐️ 5 (49)
Waterfront Oasis

No image available

$80,959
$395
56%
32.53$0✅❌✅Y / Y⭐️ 5 (23)
Pool home with large fenced yard

No image available

$39,999
$220
46%
323$175✅❌✅Y / Y⭐️ 5 (17)
Waterfront Pool Home Near Anna Maria, Heated Pool!

No image available

$69,277
$208
91%
321$0✅❌❌Y / Y⭐️ 5 (26)
Spectacular waterfront villa on riverwalk near AMI

No image available

$49,890
$207
63%
323$200❌❌✅Y / Y⭐️ 5 (41)
Wonderful home with game area

No image available

$28,296
$172
41%
323$175❌❌✅Y / Y⭐️ 5 (22)
Tropical Riverview Retreat

No image available

$59,350
$237
67%
322$125❌❌❌Y / Y⭐️ 5 (52)
Coastal Farmhouse:Heated saltwater pool:game room

No image available

$96,467
$424
59%
332$320✅❌❌Y / Y⭐️ 5 (34)

Return Metrics

18.92% cash on cash return is a great return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$17,071$34,142$51,213$68,284$85,356$170,712$512,137
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$284,240$284,240$284,240$284,240$284,240$284,240$284,240
Down Payment$71,060$71,060$71,060$71,060$71,060$71,060$71,060
Property Appreciation$10,659$21,637$32,945$44,593$56,590$122,193$507,106
Total Return$383,030$411,080$439,459$468,178$497,246$648,205$1,374,543

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

18.92%

Cap Rate

11.55%

Return on Investment

34.6%

property-location

6507 61st Dr E Palmetto, Florida, 34221

3 bed • 2 bath • 9 guests

Est. $1,704/mo

Agent

Inquire about this property

Contact Jonah

$355,300

Zestimate

112

Airbnb Investor Score

$17,071

Annual Profit

11.6%

Cap Rate

18.9%

Cash on Cash

$62,895

Annual Revenue

This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
AirDNA projects $166/night at 82% occupancy ($49,717.01). Airbtics projects $246/night at 70% occupancy ($62,895).

Top 56% of comparables

Top 28% 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.

$65,778

Avg annual revenue

70%

Avg occupancy rate

$246

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

$15k

$60k

$105k

$150k

Sign up to see the data on 40 all comparables

$17,071

Profit

Revenue

$62,895

Operating Expenses

$21,856

Operating Income

$41,039

Mortgage & Taxes

$23,967

Profit (Cash Flow)

$17,071

$90,219

Cash Investment

Down Payment

$71,060

Renos & Furnishing

$8,500

Closing Costs

$10,659

Total

$90,219

DSCR Ratio

Strong

1.71

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

18.92%

Cap Rate

11.55%

Profit (Cummulative)

$17,071

$284,240

$8,500

$10,659

$0

Total Gain

$31,221

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

$16,863

Deductible property tax

$3,517

Your total deduction

$19,301

Your adjusted annual income

$150,000 - $19,301 = $130,699


Taxes on $130,699 (30%)

$39,210

Your old tax bill

$45,000

Your new tax bill

$39,210


Estimated tax savings

$5,790

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:

8,843 sqft

Year built:

1993

Size:

1,580 sqft

Type:

SINGLE_FAMILY

Parking:

2

Heating:

Central

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: SINGLE_FAMILY
  • Stories: 1
  • Lot size: 8,843 sqft
  • Building area: 1,580 sqft
  • Garage: Yes
  • Heating: Central
  • Pool: Yes
  • Fireplaces: -
  • Basement: No
  • Cooling: Central Air
  • View: -
  • Parking: Driveway
  • Amenities: Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Washer
  • Price per square foot: $224

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 662401900
  • Flood Zone: No

Tax Info

  • Year Assessed: 2024
  • Assessed Value: $338,304
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $355,300


Schools

  • Elementary School: Virgil Mills Elementary School with 5/10 star rating
  • Middle School: Buffalo Creek Middle School with 5/10 star rating
  • High School: Palmetto High School with 3/10 star rating