Cash flow

701 Spanish Main Dr #1232 beds · 2 bathsCash flow

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701 Spanish Main Dr #123

Cudjoe Key, FL 330422 beds · 2 bathsSleeps 6

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Cash flow
Estimated revenue
Cash-on-cash
Cap rate

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Airbnb Investment Analysis: 701 Spanish Main Dr #123, Cudjoe Key, FL 33042 | $72,193 Avg Annual Revenue

Zestimate® $605k

Cash flow+$588/mo

701 Spanish Main Dr #123

Cudjoe Key, FL 330422 beds2 bathsSleeps 6

Public records: 770 sq ft, Mobile Home

Public records say 2 beds, 1 bath. This analysis uses 2 beds, 2 baths, and nearby homes are matched on rooms, so check which is right.

From 10 nearby AirbnbsEstimated from 10 nearby Airbnbs, typically 0.2 mi awayHow we estimate

Cash-flows $588 a month at $605k, with a thin margin

Keeps cash-flowing up to about $688k with 25% down

The 25th, 50th or 75th percentile of what nearby homes earn

Cash flow: +$588/mo; $7,057 a year, after costs and mortgage−$245 to +$584/mo at $61k–$72k
DSCR: 1.19; Lenders want 1.25+Income covers the mortgage 1.19×. Lenders usually want 1.25+.
Estimated revenue: $72,193/yr; 85% booked at $272/nightBreaks even at 75% bookedHalf of nearby homes earn $61k–$72kFew exact matches: based on the older data set, which matches bedrooms and baths exactly within 5 miles.
Cash-on-cash: 4.0%; On $177,300 cash to close
Cap rate: 7.2%; Before financing

It would earn about $72,193 a year, with $28,910 of operating costs and a $3,019 monthly mortgage (25% down at 7%). Its income covers the loan only 1.19 times, under the 1.25 most DSCR lenders look for.

Chalet AI

Ask about 701 Spanish Main Dr #123

$72,193 in, $65,136 out

Every number below is an assumption you can change. The page updates as you type, and the link keeps your changes.

Of revenuePer year

85% of nights booked at $272

Gross revenue

$72,193 a year

$72,193

Occupancy

Nearby estimate: 85% · ~310 nights

Nightly rate

Nearby estimate: $272

3% Airbnb host fee and 10% management, of revenue

Airbnb host fee

Share of revenue

−$2,166 a year

−$2,166

Property management

Share of revenue. 0% if you self-manage

−$7,219 a year

−$7,219

Property tax, insurance, utilities, maintenance and an STR license

Property tax

Share of price, per year

−$6,050 a year

−$6,050

Insurance

Default: 0.5% of price

−$3,025 a year

$/yr

−$3,025

Utilities and internet

Default for this size: $350 a month

−$4,200 a year

$/yr

−$4,200

Maintenance

Share of price, per year

−$6,050 a year

−$6,050

HOA

$0 a year

$/mo

STR license and permits

−$200 a year

$/yr

−$200

Net operating income

60%

$43,283

25% down at 7% over 30 years

Down payment

$151,250 of the price

Interest rate

Default: 7%

Loan term

yrs

Mortgage payment

$3,019 a month on a $453,750 loan

−$36,226 a year

−$36,226

Cash flow

10%

+$7,057

+$588 a month

Paid once: down payment, closing costs and furnishing

Down payment

$151,250 a year

$151,250

Closing costs

Share of price

$6,050 a year

$6,050

Furnishing and setup

$20,000 a year

$20,000

Revenue: $72,193 a year
Booking & management: −$9,385 a year
Owning costs: −$19,525 a year
NOI: $43,283 a year
Mortgage: −$36,226 a year
Cash flow: $7,057 a year

Per year, from revenue to cash flow. NOI is what the home earns before the mortgage.

Nearby Airbnbs like it earn $61k–$72k a year

That's the middle half of the 10 Airbnbs this estimate comes from, typically 0.2 miles away. Revenue and occupancy are Chalet's estimates from each listing's observed bookings.

$20k$140k

Nearby Airbnbs by yearly revenueMiddle half $60.7k–$72.1kThis home's estimate

This home$34.8k$122.5ka year, darker earns moreSign up free to see

WATERFRONT PARADISE AT VENTURE OUT BIKES and KAYAKS$66,7542 bd · 0.1 mi · 91% booked at $292/night
OCEAN PARADISE AT VENTURE OUT 4 BIKES- 2 KAYAKS$122,4812 bd · 0.1 mi · 98% booked at $329/night
ATLANTIS...Ocean Front Cottage Retreat$115,2882 bd · 0.1 mi · 70% booked at $521/night
Cudjoe Key Home with a View•••2 bd · 0.1 mi
Cudjoe Key OCEANFRONT 2B-2B in gated community•••2 bd · 0.1 mi
Island Therapy•••2 bd · 0.3 mi
Ocean Front Home in Great Location•••2 bd · 0.3 mi
Turtle Cove Views Venture Out - Waterfront•••2 bd · 0.5 mi

Nearby Airbnbs, closest first
Listing	Beds	Distance	Revenue/yr	Occupancy	Nightly rate
WATERFRONT PARADISE AT VENTURE OUT BIKES and KAYAKS	2	0.1 mi	$66,754	91%	$292
OCEAN PARADISE AT VENTURE OUT 4 BIKES- 2 KAYAKS	2	0.1 mi	$122,481	98%	$329
ATLANTIS...Ocean Front Cottage Retreat	2	0.1 mi	$115,288	70%	$521
Cudjoe Key Home with a View	2	0.1 mi	•••	•••	•••
Cudjoe Key OCEANFRONT 2B-2B in gated community	2	0.1 mi	•••	•••	•••
Island Therapy	2	0.3 mi	•••	•••	•••
Ocean Front Home in Great Location	2	0.3 mi	•••	•••	•••
Turtle Cove Views Venture Out - Waterfront	2	0.5 mi	•••	•••	•••

$39k from rent, $121k if it gains 5% a year

Over 5 years, then a sale. Assumes the home gains 5% a year, revenue grows 1.5% a year, owning costs grow 3% a year, and 6% selling costs. A projection, not a promise.

Home value growth

%/yr

Revenue growth

%/yr

Total profit: $160,213; On $177,300 cash to close
Yearly return (IRR): 14.6%; 1.9× your cash back
Sale price in year 5: $772k; From $605k today
Cash flow over 5 years: $38,814; Before any tax deduction

What you've gained by each year

Cash flow to dateLoan paid downAppreciationCash you put in ($177,300)Gains to date, before selling costs. The down payment is your own money, so it's the line to beat, not part of the bars.

Short-term rental owners who materially participate can often deduct part of the price in year one through cost segregation. Switch it on to see an estimate.

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Keep this analysis of 701 Spanish Main Dr #123, with your changes.

How we estimate

Revenue: Chalet's estimate of what a 2-bedroom Airbnb at 701 Spanish Main Dr #123 could book in a year, from 10 comparable Airbnbs nearby and their observed bookings. It's gross revenue: before the Airbnb host fee, management and every other cost. The occupancy and nightly rate are the ones behind that estimate. Few exact matches: based on the older data set, which matches bedrooms and baths exactly within 5 miles.
Price: Zillow's Zestimate for the address until you change it. Use the asking price if the home is listed.
Costs: Defaults you can change: 10% management and a 3% Airbnb host fee (of revenue); 1% property tax and 1% maintenance (of price, per year); insurance at 0.5% of price; utilities and internet at $150 a month plus $100 per bedroom; $200 a year for an STR license.
Financing: 25% down, 7% interest over 30 years, 1% closing costs and $20,000 to furnish, unless you change them.
Returns: Cash flow is revenue minus every cost and the mortgage. Cash-on-cash divides a year of cash flow by the cash to close. Cap rate divides net operating income by the price.
Other sites: Other calculators pick different comparable homes, time windows and defaults, so their numbers differ. Compare the comparable homes, not just the headline.

Other addresses analyzed nearby

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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701 Spanish Main Dr #123

Cash-flows $588 a month at $605k, with a thin margin

Ask about 701 Spanish Main Dr #123

$72,193 in, $65,136 out

Nearby Airbnbs like it earn $61k–$72k a year

$39k from rent, $121k if it gains 5% a year

What you've gained by each year

What to do next

How we estimate

Other addresses analyzed nearby

Other addresses analyzed nearby