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414 E Liberty, Savannah, GA 31401, 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
$62,794
$5,233/mo · at 50% occupancy & $451/night
-$38,769
-$3,231/mo after costs & mortgage
Cap rate
2.1%
Cash-on-cash
-13.7%
DSCR
0.36
Confidence
Your assumptions
Revenue
$62,794/yr
Market avg: $62,794/yr · 50% occ · $451 ADR
Financing
$60,410/yr
Operating costs
$41,152/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 46 properties
$129–$637
Median $451
29%–92%
Median 50%
$34.7K–$152.7K
Median $56.3K
171–365
Median 296
This property · $62.8K
Comparable properties (46)
Cash flow potential Low · Appreciation potential Medium
365 days available · 248 days booked ·
286 days available · 235 days booked ·
365 days available · 259 days booked ·
341 days available · 186 days booked ·
350 days available · 225 days booked ·
363 days available · 210 days booked ·
330 days available · 157 days booked ·
250 days available · 156 days booked ·
333 days available · 154 days booked ·
234 days available · 138 days booked ·
327 days available · 156 days booked ·
270 days available · 136 days booked ·
293 days available · 125 days booked ·
239 days available · 151 days booked ·
264 days available · 129 days booked ·
331 days available · 113 days booked ·
298 days available · 132 days booked ·
262 days available · 107 days booked ·
312 days available · 150 days booked ·
247 days available · 106 days booked ·
301 days available · 137 days booked ·
299 days available · 98 days booked ·
265 days available · 106 days booked ·
229 days available · 129 days booked ·
326 days available · 133 days booked ·
352 days available · 138 days booked ·
318 days available · 255 days booked ·
252 days available · 116 days booked ·
229 days available · 106 days booked ·
345 days available · 112 days booked ·
275 days available · 169 days booked ·
365 days available · 250 days booked ·
269 days available · 110 days booked ·
354 days available · 115 days booked ·
281 days available · 118 days booked ·
211 days available · 175 days booked ·
269 days available · 113 days booked ·
303 days available · 162 days booked ·
260 days available · 85 days booked ·
311 days available · 106 days booked ·
241 days available · 121 days booked ·
237 days available · 127 days booked ·
344 days available · 273 days booked ·
242 days available · 126 days booked ·
329 days available · 173 days booked ·
171 days available · 94 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
~$249.2K
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
—
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.
DSCR cash-flow buyer
0.36
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 Savannah submarket.
For a buyer who materially participates and qualifies for the STR tax treatment.
$249.2K
Estimated first-year deduction · range $206.8K–$284.1K
Why this matters here
At a marginal bracket, this deduction can be worth $76.5K–$105.1K 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 -13.7%, DSCR 0.36, cash flow -$38,769/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $756,675 | -10.9% | 0.48 | Below break-even |
| -22% | $786,942 | -11.3% | 0.46 | Below break-even |
| -15% | $857,565 | -12.2% | 0.42 | Below break-even |
| -8% | $928,188 | -13.0% | 0.39 | Below break-even |
| Asking | $1,008,900 | -13.7% | 0.36 | Below break-even |
| +8% | $1,089,612 | -14.4% | 0.33 | Below break-even |
| +15% | $1,160,235 | -14.9% | 0.31 | Below break-even |
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
+$8,854/yr
Illustrative cash-flow improvement at asking price if rates fall. Planning figure, not a forecast.
Annual avg $5,233 · peaks at $6,117 in Jul
Annual avg 51% · peaks at 62% in Mar
−$3,231/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$292,581
Return on cash:4%
DSCR below 1.0 — but you can still qualify
Your DSCR is 0.36 · 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
6.8%
over 5-yr hold, with tax shield
Equity multiple
1.4×
total proceeds vs. $292,581 invested
Projected value at exit
$1,287,640
year 5 · 5.0% annual appreciation
Tax shield contribution
+5.7 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $259,911 | $50,445 | $53,434 | $363,791 |
| Year 2 | $268,153 | $103,412 | $15,607 | $387,173 |
| Year 3 | $276,991 | $159,028 | -$21,264 | $414,755 |
| Year 4 | $286,468 | $217,424 | -$57,164 | $446,728 |
| Year 5 | $296,630 | $278,740 | -$92,080 | $483,290 |
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 Savannah 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.