Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $161 per day and long-term for an average of $1,970 per month, based on similar listings in the area. Estimated short-term cap rate of -1.1%. Estimated long-term cap rate of -3.3%. Ready August 2024. This brand-new never lived in Silver Creek II plan by Pulte home. Enjoy brand new appliances, new carpet, new A/C, new tank-less hot water heater, and so much more! This popular Silver Creek II by Pulte has so much charm and is nestled within our newest gated community. This open floor plan is great for entertaining. This highly energy-efficient home will be a welcomed benefit year-round.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $75 |
Rental Policy | daily |
Yearly Taxes | $7165 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 1,824 |
Furnished | N/A |
Year built | 2024 |
Listing Status | Off Market |
MLS | 1064606 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $498,076 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $498,076.
The monthly cost of borrowing, based on an annual rate of 0.07% (divided by 12).
Over 30 years, you’ll make 360 payments (30 years × 12 months).
Estimated monthly Homeowner Association fees: $75.
Yearly taxes of $7165, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $39,876.
The capitalization (cap) rate measures a property’s rate of return based on its income. It’s calculated by dividing the Net Operating Income (NOI) by the Current Market Value, expressed as a percentage.
The income after operating expenses (e.g., management, maintenance, insurance), calculated as gross rental income minus these costs: $-16,236.
The estimated property value based on recent sales of similar properties: $498,076.
For a property with an NOI of $-16,236 per year and a market value of $498,076:
Formula: NOI / Current Market Value
$-16,236 / $498,076 = -3.3%
The capitalization (cap) rate measures a property’s rate of return based on its income. For short-term rentals, it’s calculated by dividing the Net Operating Income (NOI) by the Current Market Value, expressed as a percentage.
The income after operating expenses (e.g., management, maintenance, insurance), calculated as gross rental income minus these costs: $-5,352.
The estimated property value based on recent sales of similar properties: $498,076.
For a property with an NOI of $-5,352 per year and a market value of $498,076:
Formula: NOI / Current Market Value
$-5,352 / $498,076 = -1.1%
Interest rate
Cash on Cash Return is a key real estate metric that measures the annual cash income earned relative to the cash invested, expressed as a percentage. It’s calculated by dividing the Annual Pre-Tax Cash Flow by the Total Cash Invested.
The property’s yearly income after operating expenses, excluding financing costs.
Includes your down payment plus additional costs like closing fees.
For a property priced at $498,076 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-16,236:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-16,236 / ($498,076 × 0.2 + $498,076 × 0.03) = -14.2%
Cash on Cash Return measures the annual cash income earned from a property relative to the cash invested, expressed as a percentage. For short-term rentals, it’s calculated by dividing the Annual Pre-Tax Cash Flow by the Total Cash Invested.
The property’s yearly income after operating expenses, excluding financing costs.
Includes your down payment plus additional costs like closing fees.
For a property priced at $498,076 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-5,352:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-5,352 / ($498,076 × 0.2 + $498,076 × 0.03) = -3.7%
Here’s how we calculate your potential yearly revenue for short-term rentals:
We start with 365 days, the total number of days in a year.
The percentage of the year your property is rented out: Hidden%.
Calculated as 365 days × occupancy rate (Hidden%).
The amount charged per day: Hidden.
Rented days × daily rental rate.
Typically 3% of rental income, plus additional fees like HOA or property-specific costs.
Gross rental income minus fees: $34,524.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$34,524
Note: Some properties may have additional short-term rental fees (e.g., 15% at Club at Brickell, Edgewater, Miami), which are included in this calculation.
Monthly Rent Revenue
Yearly Rent Revenue
*Estimate based on similar properties in the area.
100 Comparable listings
$1,722/mo
Dist: 1687.29 mi
3
2
900 sqft
$2,355/mo
Dist: 1687.44 mi
3
2
1524 sqft
$1,895/mo
Dist: 1687.49 mi
3
2
1100 sqft
$1,895/mo
Dist: 1687.49 mi
3
2
1100 sqft
$3,000/mo
Dist: 1687.5 mi
3
2
1574 sqft
$3,000/mo
Dist: 1687.59 mi
3
2
1927 sqft
$2,200/mo
Dist: 1687.6 mi
3
2
1548 sqft
$1,850/mo
Dist: 1687.68 mi
3
2
1378 sqft
$1,850/mo
Dist: 1687.68 mi
3
2
1378 sqft
$1,850/mo
Dist: 1687.7 mi
3
2
1200 sqft
$1,750/mo
Dist: 1687.71 mi
3
2
1213 sqft
$1,950/mo
Dist: 1687.71 mi
3
2
1520 sqft
$1,950/mo
Dist: 1687.71 mi
3
2
1520 sqft
$2,000/mo
Dist: 1687.72 mi
3
2
1441 sqft
$1,950/mo
Dist: 1687.72 mi
3
2
1441 sqft
$2,500/mo
Dist: 1687.72 mi
3
2
1890 sqft
$1,900/mo
Dist: 1687.76 mi
3
2
1599 sqft
$1,900/mo
Dist: 1687.82 mi
3
2
1286 sqft
$1,800/mo
Dist: 1687.83 mi
3
2
1390 sqft
$1,550/mo
Dist: 1687.84 mi
3
2
1050 sqft
$2,100/mo
Dist: 1687.84 mi
3
2
1720 sqft
$1,795/mo
Dist: 1687.84 mi
3
2
1400 sqft
$1,750/mo
Dist: 1687.85 mi
3
2
1495 sqft
$2,200/mo
Dist: 1687.86 mi
3
2
1252 sqft
$2,200/mo
Dist: 1687.86 mi
3
2
1252 sqft
$2,000/mo
Dist: 1687.89 mi
3
2
1442 sqft
$2,100/mo
Dist: 1687.89 mi
3
2
1142 sqft
$1,950/mo
Dist: 1687.91 mi
3
2
1492 sqft
$1,850/mo
Dist: 1687.94 mi
3
2
1552 sqft
$1,750/mo
Dist: 1687.97 mi
3
2
1472 sqft
$1,750/mo
Dist: 1687.97 mi
3
2
1472 sqft
$2,400/mo
Dist: 1687.99 mi
3
2
1521 sqft
$1,975/mo
Dist: 1688.0 mi
3
2
1400 sqft
$2,400/mo
Dist: 1688.01 mi
3
2
1320 sqft
$1,640/mo
Dist: 1688.07 mi
3
2
1600 sqft
$1,500/mo
Dist: 1688.09 mi
3
2
1148 sqft
$1,500/mo
Dist: 1688.09 mi
3
2
1148 sqft
$1,995/mo
Dist: 1688.12 mi
3
2
1440 sqft
$2,100/mo
Dist: 1688.14 mi
3
2
1799 sqft
$1,795/mo
Dist: 1688.17 mi
3
2
1240 sqft
$1,850/mo
Dist: 1688.18 mi
3
2
1157 sqft
$1,875/mo
Dist: 1688.19 mi
3
2
1500 sqft
$1,750/mo
Dist: 1688.19 mi
3
2
1075 sqft
$1,895/mo
Dist: 1688.19 mi
3
2
1171 sqft
$1,800/mo
Dist: 1688.19 mi
3
2
1375 sqft
$1,895/mo
Dist: 1688.24 mi
3
2
1700 sqft
$1,750/mo
Dist: 1688.25 mi
3
2
1240 sqft
$1,950/mo
Dist: 1688.27 mi
3
2
1683 sqft
$1,895/mo
Dist: 1688.31 mi
3
2
1576 sqft
$2,000/mo
Dist: 1688.32 mi
3
2
2000 sqft
$1,935/mo
Dist: 1688.33 mi
3
2
1217 sqft
$1,935/mo
Dist: 1688.33 mi
3
2
1217 sqft
$1,895/mo
Dist: 1688.37 mi
3
2
1366 sqft
$1,895/mo
Dist: 1688.37 mi
3
2
1366 sqft
$2,000/mo
Dist: 1688.41 mi
3
2
1275 sqft
$2,450/mo
Dist: 1688.41 mi
3
2
1419 sqft
$1,800/mo
Dist: 1688.44 mi
3
2
1275 sqft
$1,800/mo
Dist: 1688.44 mi
3
2
1275 sqft
$1,950/mo
Dist: 1688.45 mi
3
2
1633 sqft
$1,925/mo
Dist: 1688.45 mi
3
2
1200 sqft
$1,825/mo
Dist: 1688.45 mi
3
2
1200 sqft
$1,750/mo
Dist: 1688.46 mi
3
2
1633 sqft
$1,995/mo
Dist: 1688.46 mi
3
2
1789 sqft
$1,850/mo
Dist: 1688.47 mi
3
2
1435 sqft
$1,850/mo
Dist: 1688.47 mi
3
2
1435 sqft
$1,850/mo
Dist: 1688.49 mi
3
2
1504 sqft
$2,500/mo
Dist: 1688.49 mi
3
2
2172 sqft
$1,900/mo
Dist: 1688.5 mi
3
2
1400 sqft
$1,900/mo
Dist: 1688.5 mi
3
2
1400 sqft
$2,000/mo
Dist: 1688.55 mi
3
2
1292 sqft
$1,700/mo
Dist: 1688.59 mi
3
2
1000 sqft
$1,800/mo
Dist: 1688.63 mi
3
2
1426 sqft
$2,295/mo
Dist: 1688.67 mi
3
2
1441 sqft
$1,950/mo
Dist: 1688.69 mi
3
2
1266 sqft
$1,850/mo
Dist: 1688.72 mi
3
2
1450 sqft
$1,800/mo
Dist: 1688.73 mi
3
2
1261 sqft
$2,025/mo
Dist: 1688.73 mi
3
2
1598 sqft
$1,650/mo
Dist: 1688.76 mi
3
2
1110 sqft
$2,000/mo
Dist: 1688.77 mi
3
2
1300 sqft
$2,000/mo
Dist: 1688.77 mi
3
2
1300 sqft
$2,000/mo
Dist: 1688.77 mi
3
2
1300 sqft
$1,995/mo
Dist: 1688.87 mi
3
2
1400 sqft
$1,995/mo
Dist: 1688.87 mi
3
2
1400 sqft
$1,895/mo
Dist: 1688.88 mi
3
2
1255 sqft
$1,865/mo
Dist: 1688.91 mi
3
2
1255 sqft
$2,000/mo
Dist: 1688.96 mi
3
2
1523 sqft
$2,000/mo
Dist: 1688.96 mi
3
2
1523 sqft
$2,300/mo
Dist: 1688.98 mi
3
2
1377 sqft
$1,850/mo
Dist: 1688.98 mi
3
2
1407 sqft
$2,300/mo
Dist: 1688.98 mi
3
2
1377 sqft
$2,200/mo
Dist: 1688.99 mi
3
2
1581 sqft
$1,800/mo
Dist: 1689.02 mi
3
2
1250 sqft
$1,700/mo
Dist: 1689.06 mi
3
2
1229 sqft
$1,650/mo
Dist: 1689.06 mi
3
2
1229 sqft
$1,995/mo
Dist: 1689.06 mi
3
2
1460 sqft
$1,750/mo
Dist: 1689.12 mi
3
2
1357 sqft
$2,500/mo
Dist: 1689.12 mi
3
2
1265 sqft
$2,500/mo
Dist: 1689.12 mi
3
2
1265 sqft
$2,400/mo
Dist: 1689.13 mi
3
2
1553 sqft
$1,995/mo
Dist: 1689.14 mi
3
2
1360 sqft