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1460 Ocean Dr apt 305, Miami Beach, FL 33139, USA
Covers its debt with margin to spare at the current price.
Investment potential
Your scenario · adjust the levers below or open advanced settings to see how returns change
$128,868
$10,739/mo · at 80% occupancy & $527/night
$79,805
$6,650/mo after costs & mortgage
Cap rate
28.9%
Cash-on-cash
72.3%
DSCR
4.83
Confidence
Your assumptions
Revenue
$128,868/yr
Market avg: $128,868/yr · 80% occ · $527 ADR
Financing
$20,813/yr
Operating costs
$28,250/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 50 properties
$264–$920
Median $527
37%–94%
Median 79%
$58.3K–$272.6K
Median $112.3K
183–365
Median 304
This property · $128.9K
Comparable properties (50)
Cash flow potential High · Appreciation potential Medium
326 days available · 288 days booked ·
281 days available · 245 days booked ·
300 days available · 277 days booked ·
365 days available · 322 days booked ·
365 days available · 322 days booked ·
365 days available · 322 days booked ·
310 days available · 288 days booked ·
263 days available · 240 days booked ·
365 days available · 318 days booked ·
365 days available · 321 days booked ·
365 days available · 321 days booked ·
365 days available · 287 days booked ·
303 days available · 250 days booked ·
365 days available · 287 days booked ·
287 days available · 223 days booked ·
365 days available · 286 days booked ·
292 days available · 225 days booked ·
244 days available · 168 days booked ·
316 days available · 219 days booked ·
230 days available · 123 days booked ·
215 days available · 175 days booked ·
365 days available · 162 days booked ·
293 days available · 175 days booked ·
365 days available · 143 days booked ·
300 days available · 233 days booked ·
314 days available · 200 days booked ·
197 days available · 160 days booked ·
296 days available · 110 days booked ·
309 days available · 166 days booked ·
226 days available · 155 days booked ·
328 days available · 185 days booked ·
365 days available · 277 days booked ·
251 days available · 163 days booked ·
212 days available · 176 days booked ·
344 days available · 193 days booked ·
319 days available · 166 days booked ·
316 days available · 261 days booked ·
195 days available · 154 days booked ·
357 days available · 261 days booked ·
210 days available · 119 days booked ·
246 days available · 211 days booked ·
295 days available · 236 days booked ·
252 days available · 129 days booked ·
192 days available · 137 days booked ·
187 days available · 110 days booked ·
361 days available · 147 days booked ·
305 days available · 173 days booked ·
183 days available · 147 days booked ·
310 days available · 168 days booked ·
296 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
~$85.9K
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.
DSCR cash-flow buyer
4.83
DSCR at asking
At asking price the property clears the 1.20 DSCR most lenders require, so it should qualify for DSCR financing and cover its own debt service from day one. This is the buyer this deal is built for.
Price-disciplined buyer
—
Break-even purchase price
Even a deep discount doesn't get this deal to break even within a realistic range, so there's no price anchor to negotiate toward. A price-disciplined buyer should pass unless the revenue assumptions change.
For a buyer who materially participates and qualifies for the STR tax treatment.
$85.9K
Estimated first-year deduction · range $71.3K–$97.9K
Why this matters here
At a marginal bracket, this deduction can be worth $26.4K–$36.2K 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 +72.3%, DSCR 4.83, cash flow $79,805/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $260,700 | 96.8% | 6.45 | Positive |
| -22% | $271,128 | 93.2% | 6.20 | Positive |
| -15% | $295,460 | 85.7% | 5.69 | Positive |
| -8% | $319,792 | 79.0% | 5.25 | Positive |
| Asking | $347,600 | 72.3% | 4.83 | Positive |
| +8% | $375,408 | 66.4% | 4.48 | Positive |
| +15% | $399,740 | 61.9% | 4.20 | Positive |
Break-even price
Out of range
This deal does not reach break-even within ±25% of asking.
Discount needed
—
The gap between asking and the price a cash-flow buyer can underwrite.
If refi to 5.5% in 24 mo
+$3,051/yr
Illustrative cash-flow improvement at asking price if rates fall. Planning figure, not a forecast.
Annual avg $10,739 · peaks at $19,727 in Feb
Annual avg 71% · peaks at 83% in Mar
$6,650/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$100,804
Return on cash:96.4%
You qualify for STR financing
Your DSCR is 4.83 · 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
99.3%
over 5-yr hold, with tax shield
Equity multiple
6.2×
total proceeds vs. $100,804 invested
Projected value at exit
$443,635
year 5 · 5.0% annual appreciation
Tax shield contribution
+15.4 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $89,548 | $17,380 | $111,572 | $218,500 |
| Year 2 | $92,388 | $35,629 | $193,310 | $321,327 |
| Year 3 | $95,433 | $54,790 | $277,010 | $427,233 |
| Year 4 | $98,698 | $74,910 | $362,702 | $536,310 |
| Year 5 | $102,199 | $96,035 | $450,414 | $648,649 |
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 Miami Beach 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.