6507 61st Dr E Palmetto, Florida, 34221
3 bed • 2 bath • 9 guests
Est. $1,704/mo
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$355,300
Zestimate
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
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$65,778
Avg annual revenue
70%
Avg occupancy rate
$246
Avg nightly rate
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Revenue per year
$15k
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$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
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
18.92%
Cap Rate
11.55%
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
$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
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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