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3784 Calle San Raphael, Palm Springs, CA 92264, 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
$87,606
$7,301/mo · at 57% occupancy & $570/night
-$878
-$73/mo after costs & mortgage
Cap rate
5.9%
Cash-on-cash
-0.4%
DSCR
0.98
Confidence
Your assumptions
Revenue
$87,606/yr
Market avg: $87,606/yr · 57% occ · $570 ADR
Financing
$49,842/yr
Operating costs
$38,642/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 50 properties
$291–$1,076
Median $566
21%–88%
Median 57%
$48.9K–$170.9K
Median $80.6K
194–365
Median 299
This property · $87.6K
Comparable properties (50)
Cash flow potential Medium · Appreciation potential Medium
365 days available · 194 days booked ·
280 days available · 174 days booked ·
286 days available · 182 days booked ·
359 days available · 191 days booked ·
237 days available · 168 days booked ·
329 days available · 218 days booked ·
333 days available · 136 days booked ·
275 days available · 114 days booked ·
341 days available · 237 days booked ·
365 days available · 200 days booked ·
365 days available · 162 days booked ·
285 days available · 176 days booked ·
350 days available · 188 days booked ·
229 days available · 131 days booked ·
300 days available · 170 days booked ·
242 days available · 139 days booked ·
314 days available · 160 days booked ·
302 days available · 173 days booked ·
316 days available · 210 days booked ·
267 days available · 163 days booked ·
277 days available · 177 days booked ·
216 days available · 185 days booked ·
325 days available · 156 days booked ·
246 days available · 174 days booked ·
327 days available · 133 days booked ·
344 days available · 162 days booked ·
224 days available · 168 days booked ·
297 days available · 150 days booked ·
359 days available · 178 days booked ·
255 days available · 125 days booked ·
311 days available · 150 days booked ·
287 days available · 128 days booked ·
303 days available · 162 days booked ·
317 days available · 100 days booked ·
285 days available · 157 days booked ·
194 days available · 118 days booked ·
294 days available · 142 days booked ·
277 days available · 153 days booked ·
365 days available · 218 days booked ·
278 days available · 166 days booked ·
351 days available · 143 days booked ·
365 days available · 126 days booked ·
288 days available · 119 days booked ·
258 days available · 141 days booked ·
258 days available · 120 days booked ·
322 days available · 96 days booked ·
293 days available · 120 days booked ·
324 days available · 187 days booked ·
302 days available · 104 days booked ·
258 days available · 100 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
~$205.6K
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
$817.7K
Break-even purchase price
Break-even sits only ~2% below the Zestimate, which is inside normal negotiating range. A disciplined buyer has a realistic path to making this work at close to asking.
DSCR cash-flow buyer
0.98
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 Palm Springs submarket.
For a buyer who materially participates and qualifies for the STR tax treatment.
$205.6K
Estimated first-year deduction · range $170.7K–$234.4K
Why this matters here
At a marginal bracket, this deduction can be worth $63.1K–$86.7K 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.
California does not conform to federal bonus depreciation, so your state tax treatment will differ from the federal figures 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 -0.4%, DSCR 0.98, cash flow -$878/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $624,300 | 6.4% | 1.31 | Positive |
| -22% | $649,272 | 5.3% | 1.26 | Positive |
| -15% | $707,540 | 3.2% | 1.16 | Positive |
| -8% | $765,808 | 1.4% | 1.07 | Positive |
| Asking | $832,400 | -0.4% | 0.98 | At break-even |
| +8% | $898,992 | -1.9% | 0.91 | Below break-even |
| +15% | $957,260 | -3.1% | 0.85 | Below break-even |
Break-even price
$817,744
~2% under Zestimate. Where this property reaches 1.0 DSCR and neutral cash flow.
Discount needed
−$14,656
The gap between asking and the price a cash-flow buyer can underwrite.
If refi to 5.5% in 24 mo
+$7,305/yr
Illustrative cash-flow improvement at asking price if rates fall. Planning figure, not a forecast.
Annual avg $7,301 · peaks at $10,107 in Feb
Annual avg 54% · peaks at 75% in Feb
−$73/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$241,396
Return on cash:16.9%
DSCR below 1.0 — but you can still qualify
Your DSCR is 0.98 · 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
18.9%
over 5-yr hold, with tax shield
Equity multiple
2.1×
total proceeds vs. $241,396 invested
Projected value at exit
$1,062,377
year 5 · 5.0% annual appreciation
Tax shield contribution
+7.1 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $214,442 | $41,620 | $75,195 | $331,257 |
| Year 2 | $221,242 | $85,321 | $75,631 | $382,194 |
| Year 3 | $228,534 | $131,207 | $77,401 | $437,142 |
| Year 4 | $236,352 | $179,387 | $80,525 | $496,265 |
| Year 5 | $244,736 | $229,977 | $85,023 | $559,736 |
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 Palm Springs agent who knows which properties actually cash flow — and which to avoid.
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This analysis is generated by Chalet's Airbnb Calculator
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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.
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3 bed 3 bath 8 guests
Revenue
$89,478/yr
Daily Rate
$485
Occupancy
0.6%
Daily Rate
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