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5215 Overbrook Dr, Austin, TX 78723, USA
Cash-flow positive, but the margin over debt service is thin.
Investment potential
Your scenario · adjust the levers below or open advanced settings to see how returns change
$54,906
$4,576/mo · at 57% occupancy & $341/night
$4,179
$348/mo after costs & mortgage
Cap rate
6.9%
Cash-on-cash
2.9%
DSCR
1.15
Confidence
Your assumptions
Revenue
$54,906/yr
Market avg: $54,906/yr · 57% occ · $341 ADR
Financing
$28,124/yr
Operating costs
$22,603/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 50 properties
$216–$611
Median $340
29%–92%
Median 57%
$26.8K–$106.3K
Median $50.2K
202–365
Median 291
This property · $54.9K
Comparable properties (50)
Cash flow potential Medium · Appreciation potential Medium
237 days available · 181 days booked ·
238 days available · 208 days booked ·
361 days available · 232 days booked ·
365 days available · 243 days booked ·
349 days available · 197 days booked ·
365 days available · 239 days booked ·
361 days available · 201 days booked ·
254 days available · 153 days booked ·
240 days available · 158 days booked ·
323 days available · 168 days booked ·
254 days available · 154 days booked ·
365 days available · 187 days booked ·
310 days available · 143 days booked ·
288 days available · 224 days booked ·
365 days available · 119 days booked ·
325 days available · 194 days booked ·
221 days available · 128 days booked ·
242 days available · 168 days booked ·
344 days available · 250 days booked ·
239 days available · 132 days booked ·
304 days available · 96 days booked ·
301 days available · 121 days booked ·
314 days available · 133 days booked ·
274 days available · 138 days booked ·
252 days available · 200 days booked ·
301 days available · 109 days booked ·
300 days available · 173 days booked ·
329 days available · 155 days booked ·
232 days available · 161 days booked ·
275 days available · 183 days booked ·
365 days available · 209 days booked ·
321 days available · 133 days booked ·
204 days available · 144 days booked ·
233 days available · 164 days booked ·
267 days available · 91 days booked ·
273 days available · 146 days booked ·
210 days available · 139 days booked ·
343 days available · 100 days booked ·
269 days available · 149 days booked ·
249 days available · 191 days booked ·
308 days available · 125 days booked ·
247 days available · 128 days booked ·
235 days available · 146 days booked ·
293 days available · 121 days booked ·
321 days available · 111 days booked ·
236 days available · 136 days booked ·
315 days available · 93 days booked ·
246 days available · 127 days booked ·
202 days available · 75 days booked ·
305 days available · 134 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
~$116.0K
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
$539.5K
Break-even purchase price
The deal already breaks even at or above the Zestimate, so you don't need a discount to make the math work. Buy at asking and the numbers still hold — rare enough in Austin to be worth moving on.
DSCR cash-flow buyer
1.15
DSCR at asking
The property covers its debt service at asking but sits below the 1.20 most lenders want to see, so expect a larger down payment or a rate buy-down to get it financed. There's no margin for a soft season.
For a buyer who materially participates and qualifies for the STR tax treatment.
$116.0K
Estimated first-year deduction · range $96.3K–$132.3K
Why this matters here
At a marginal bracket, this deduction can be worth $35.6K–$48.9K 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 +2.9%, DSCR 1.15, cash flow $4,179/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $352,275 | 10.0% | 1.53 | Positive |
| -22% | $366,366 | 9.0% | 1.47 | Positive |
| -15% | $399,245 | 6.8% | 1.35 | Positive |
| -8% | $432,124 | 4.9% | 1.25 | Positive |
| Asking | $469,700 | 2.9% | 1.15 | Positive |
| +8% | $507,276 | 1.3% | 1.06 | Positive |
| +15% | $540,155 | -0.0% | 1.00 | At break-even |
Break-even price
$539,487
~-15% under Zestimate. Where this property reaches 1.0 DSCR and neutral cash flow.
Discount needed
−$69,787
The gap between asking and the price a cash-flow buyer can underwrite.
If refi to 5.5% in 24 mo
+$4,122/yr
Illustrative cash-flow improvement at asking price if rates fall. Planning figure, not a forecast.
Annual avg $4,575 · peaks at $6,018 in Feb
Annual avg 55% · peaks at 66% in Aug
$348/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$136,213
Return on cash:20.3%
You qualify for STR financing
Your DSCR is 1.15 · 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
22.1%
over 5-yr hold, with tax shield
Equity multiple
2.2×
total proceeds vs. $136,213 invested
Projected value at exit
$599,469
year 5 · 5.0% annual appreciation
Tax shield contribution
+7.5 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $121,003 | $23,485 | $47,105 | $191,593 |
| Year 2 | $124,841 | $48,144 | $52,107 | $225,092 |
| Year 3 | $128,955 | $74,036 | $57,946 | $260,938 |
| Year 4 | $133,367 | $101,223 | $64,633 | $299,223 |
| Year 5 | $138,098 | $129,769 | $72,181 | $340,049 |
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 Austin 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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