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1103 Marygon St, Kissimmee, FL 34744
Priced too high to cash-flow with a loan — an equity or tax play, not income.
Investment potential
Your scenario · adjust the levers below or open advanced settings to see how returns change
$37,045
$3,087/mo · at 68% occupancy & $217/night
-$14,159
-$1,180/mo after costs & mortgage
Cap rate
3.2%
Cash-on-cash
-9.4%
DSCR
0.53
Confidence
Your assumptions
Revenue
$37,045/yr
Market avg: $37,045/yr · 68% occ · $217 ADR
Financing
$29,939/yr
Operating costs
$21,266/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 50 properties
$109–$354
Median $217
36%–89%
Median 68%
$21.9K–$58.5K
Median $36.2K
159–365
Median 271
This property · $37.0K
Comparable properties (50)
Cash flow potential Low · Appreciation potential Medium
309 days available · 234 days booked ·
311 days available · 190 days booked ·
322 days available · 211 days booked ·
305 days available · 250 days booked ·
311 days available · 236 days booked ·
231 days available · 151 days booked ·
361 days available · 154 days booked ·
282 days available · 206 days booked ·
302 days available · 179 days booked ·
326 days available · 174 days booked ·
241 days available · 160 days booked ·
313 days available · 155 days booked ·
243 days available · 140 days booked ·
365 days available · 234 days booked ·
297 days available · 218 days booked ·
267 days available · 162 days booked ·
347 days available · 293 days booked ·
257 days available · 133 days booked ·
308 days available · 238 days booked ·
200 days available · 114 days booked ·
231 days available · 134 days booked ·
265 days available · 192 days booked ·
192 days available · 154 days booked ·
308 days available · 184 days booked ·
251 days available · 191 days booked ·
282 days available · 160 days booked ·
258 days available · 167 days booked ·
185 days available · 145 days booked ·
215 days available · 133 days booked ·
202 days available · 168 days booked ·
268 days available · 222 days booked ·
365 days available · 261 days booked ·
257 days available · 136 days booked ·
291 days available · 254 days booked ·
254 days available · 154 days booked ·
200 days available · 155 days booked ·
365 days available · 178 days booked ·
255 days available · 170 days booked ·
342 days available · 174 days booked ·
159 days available · 137 days booked ·
301 days available · 189 days booked ·
262 days available · 144 days booked ·
212 days available · 95 days booked ·
250 days available · 187 days booked ·
322 days available · 136 days booked ·
285 days available · 174 days booked ·
273 days available · 190 days booked ·
190 days available · 142 days booked ·
197 days available · 146 days booked ·
318 days available · 120 days booked ·
Revenue and occupancy reflect Chalet's modeled estimates from observed booking activity for comparable active listings. Individual results vary with management, seasonality, and pricing.
Who this property is for
The same property is a great buy for one investor and a trap for another. Here's the honest read.
1031 / high-equity buyer
~$123.5K
Year-1 tax shield
Buying with cash or low leverage removes the debt-coverage problem entirely, so the thesis rests on appreciation plus a large first-year write-off. At roughly 25% of purchase price, the shield is substantial enough to carry the deal on its own.
Price-disciplined buyer
$263.5K
Break-even purchase price
Break-even is ~47% below the Zestimate, a discount sellers in Kissimmee rarely accept. Treat the number as a walk-away line rather than an opening offer.
DSCR cash-flow buyer
0.53
DSCR at asking
At asking price the property doesn't cover its own debt service, so it won't qualify for DSCR financing as modeled. If you need cash flow from day one, look at a mid-term-rental fallback or a different Kissimmee submarket.
For a buyer who materially participates and qualifies for the STR tax treatment.
$123.5K
Estimated first-year deduction · range $102.5K–$140.8K
Why this matters here
At a marginal bracket, this deduction can be worth $37.9K–$52.1K in estimated federal tax saved.
This only applies if you meet the IRS material-participation tests for short-term rentals and are not using a full-service property manager.
Estimate, subject to CPA review. Cost-segregation percentages shown here are illustrative and depend on an actual study of the property.
Some states do not conform to federal bonus depreciation, so your state may not allow the same first-year treatment shown above.
Chalet can introduce a cost-segregation partner — this is not tax, legal, or financial advice.
How cash-on-cash return moves with purchase price. The marked line is break-even (1.0 DSCR).
At this price: cash-on-cash -9.4%, DSCR 0.53, cash flow -$14,159/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $375,000 | -5.7% | 0.70 | Below break-even |
| -22% | $390,000 | -6.2% | 0.68 | Below break-even |
| -15% | $425,000 | -7.4% | 0.62 | Below break-even |
| -8% | $460,000 | -8.4% | 0.57 | Below break-even |
| Asking | $500,000 | -9.4% | 0.53 | Below break-even |
| +8% | $540,000 | -10.3% | 0.49 | Below break-even |
| +15% | $575,000 | -11.0% | 0.46 | Below break-even |
Break-even price
$263,525
~47% under Zestimate. Where this property reaches 1.0 DSCR and neutral cash flow.
Discount needed
−$236,475
The gap between asking and the price a cash-flow buyer can underwrite.
If refi to 5.5% in 24 mo
+$4,388/yr
Illustrative cash-flow improvement at asking price if rates fall. Planning figure, not a forecast.
Annual avg $3,087 · peaks at $3,638 in Jan
Annual avg 65% · peaks at 77% in Mar
−$1,180/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$145,000
Return on cash:7.5%
DSCR below 1.0 — but you can still qualify
Your DSCR is 0.53 · lenders typically require 1.0+.
Get matched with 2–3 vetted STR lenders, free.
What the deal returns over the hold — including the tax shield, which is the whole point for an appreciation buyer.
Levered IRR
10.0%
over 5-yr hold, with tax shield
Equity multiple
1.6×
total proceeds vs. $145,000 invested
Projected value at exit
$638,141
year 5 · 5.0% annual appreciation
Tax shield contribution
+6.0 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $128,809 | $25,000 | $31,536 | $185,345 |
| Year 2 | $132,894 | $51,250 | $17,933 | $202,077 |
| Year 3 | $137,274 | $78,813 | $4,893 | $220,980 |
| Year 4 | $141,970 | $107,753 | -$7,573 | $242,150 |
| Year 5 | $147,007 | $138,141 | -$19,459 | $265,688 |
Projection, not a promise.
Assumes 5.0% annual appreciation, 1.5% rent growth (operating costs held flat), and that the property qualifies for short-term-rental tax treatment. The year-1 depreciation shield depends on a real cost-segregation study and your tax situation — consult a CPA.
Appreciation is the dominant driver of this return. When cash flow is negative, the deal depends on the property gaining value — it is not paying for itself from income.
Appreciation, rent growth, and financing rates are editable under Edit financials.
STR deals turn on local rules and demand that a generalist agent misses. Chalet matches you with a vetted Kissimmee agent who knows which properties actually cash flow — and which to avoid.
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Real Estate Investment Analysis & Market Insights
Disclaimer. This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.