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Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $171 per day and long-term for an average of $2,561 per month, based on similar listings in the area. Estimated short-term cap rate of 4.3%. Estimated long-term cap rate of -1.2%. Hidden Gem in the heart of Brighton with a pool and balcony. Bright and sunny large 1 bedroom steps to Commonwealth Ave in highly desirable Brighton. Perfect for homebuyer or investors alike. Unit enters into open concept living room/kitchen with tons of windows and light. Hardwood floors throughout. Large bedroom with large closet, and room for home office setup. Private balcony off of the bedroom overlooking the building's pool. Fantastic rental history on this unit - rent it out or move in. Easy access to B,C,D lines, Cleveland Circle, Washington Square, Brighton Center.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $474 |
Rental Policy | daily |
Yearly Taxes | $4217 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 569 |
Furnished | N/A |
Year built | 1947 |
Listing Status | Off Market |
MLS | 73350091 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $399,000 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $399,000.
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: $474.
Yearly taxes of $4217, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $35,388.
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: $-4,656.
The estimated property value based on recent sales of similar properties: $399,000.
For a property with an NOI of $-4,656 per year and a market value of $399,000:
Formula: NOI / Current Market Value
$-4,656 / $399,000 = -1.2%
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: $17,088.
The estimated property value based on recent sales of similar properties: $399,000.
For a property with an NOI of $17,088 per year and a market value of $399,000:
Formula: NOI / Current Market Value
$17,088 / $399,000 = 4.3%
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 $399,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-4,656:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-4,656 / ($399,000 × 0.2 + $399,000 × 0.03) = -5.1%
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 $399,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $17,088:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$17,088 / ($399,000 × 0.2 + $399,000 × 0.03) = 18.6%
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: $52,476.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$52,476
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.
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