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14804 Sugura Dr #2108, Winter Garden, FL 34787, USA
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
$35,225
$2,935/mo · at 74% occupancy & $190/night
-$15,743
-$1,312/mo after costs & mortgage
Cap rate
2.8%
Cash-on-cash
-10.5%
DSCR
0.47
Confidence
Your assumptions
Revenue
$35,225/yr
Market avg: $35,225/yr · 74% occ · $190 ADR
Financing
$29,939/yr
Operating costs
$21,029/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 50 properties
$135–$288
Median $191
38%–95%
Median 74%
$18.6K–$60.4K
Median $35.8K
205–365
Median 273
This property · $35.2K
Comparable properties (50)
Cash flow potential Low · Appreciation potential Medium
284 days available · 231 days booked ·
349 days available · 262 days booked ·
365 days available · 309 days booked ·
365 days available · 218 days booked ·
325 days available · 272 days booked ·
365 days available · 248 days booked ·
276 days available · 248 days booked ·
365 days available · 276 days booked ·
261 days available · 230 days booked ·
324 days available · 208 days booked ·
257 days available · 219 days booked ·
341 days available · 212 days booked ·
269 days available · 177 days booked ·
265 days available · 227 days booked ·
293 days available · 211 days booked ·
351 days available · 208 days booked ·
248 days available · 223 days booked ·
330 days available · 141 days booked ·
338 days available · 268 days booked ·
312 days available · 216 days booked ·
323 days available · 231 days booked ·
248 days available · 189 days booked ·
232 days available · 211 days booked ·
313 days available · 211 days booked ·
227 days available · 191 days booked ·
283 days available · 197 days booked ·
265 days available · 162 days booked ·
238 days available · 203 days booked ·
304 days available · 213 days booked ·
333 days available · 218 days booked ·
205 days available · 178 days booked ·
239 days available · 169 days booked ·
236 days available · 174 days booked ·
249 days available · 154 days booked ·
257 days available · 153 days booked ·
229 days available · 109 days booked ·
309 days available · 107 days booked ·
223 days available · 147 days booked ·
247 days available · 144 days booked ·
277 days available · 155 days booked ·
321 days available · 184 days booked ·
303 days available · 156 days booked ·
266 days available · 201 days booked ·
223 days available · 131 days booked ·
299 days available · 157 days booked ·
242 days available · 127 days booked ·
239 days available · 141 days booked ·
256 days available · 120 days booked ·
222 days available · 134 days booked ·
222 days available · 111 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
$237.1K
Break-even purchase price
Break-even is ~53% below the Zestimate, a discount sellers in Winter Garden rarely accept. Treat the number as a walk-away line rather than an opening offer.
DSCR cash-flow buyer
0.47
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 Winter Garden 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 -10.5%, DSCR 0.47, cash flow -$15,743/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $375,000 | -7.0% | 0.63 | Below break-even |
| -22% | $390,000 | -7.5% | 0.61 | Below break-even |
| -15% | $425,000 | -8.6% | 0.56 | Below break-even |
| -8% | $460,000 | -9.6% | 0.52 | Below break-even |
| Asking | $500,000 | -10.5% | 0.47 | Below break-even |
| +8% | $540,000 | -11.3% | 0.44 | Below break-even |
| +15% | $575,000 | -11.9% | 0.41 | Below break-even |
Break-even price
$237,081
~53% under Zestimate. Where this property reaches 1.0 DSCR and neutral cash flow.
Discount needed
−$262,919
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 $2,935 · peaks at $3,464 in Jan
Annual avg 68% · peaks at 80% in Jul
−$1,312/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$145,000
Return on cash:6.4%
DSCR below 1.0 — but you can still qualify
Your DSCR is 0.47 · 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
9.0%
over 5-yr hold, with tax shield
Equity multiple
1.5×
total proceeds vs. $145,000 invested
Projected value at exit
$638,141
year 5 · 5.0% annual appreciation
Tax shield contribution
+5.9 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $128,809 | $25,000 | $29,952 | $183,761 |
| Year 2 | $132,894 | $51,250 | $14,737 | $198,881 |
| Year 3 | $137,274 | $78,813 | $59 | $216,145 |
| Year 4 | $141,970 | $107,753 | -$14,075 | $235,649 |
| Year 5 | $147,007 | $138,141 | -$27,656 | $257,491 |
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 Winter Garden 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.