Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $169 per day and long-term for an average of $1,839 per month, based on similar listings in the area. Estimated short-term cap rate of 13.2%. Estimated long-term cap rate of 2.9%. This bright corner one-bedroom, one-bathroom condo is located on a desirable tree-lined street near the lake and public transportation. The spacious living room offers plenty of room for a dining area, office setup, and entertainment center. This unit has been meticulously maintained with a beautifully refreshed kitchen and bathroom. Additional conveniences including laundry facilities, bike storage, and a rooftop deck. Assessments cover all utilities, including electricity. Parking for the building is for rent. Owner occupants receive priority for parking spots. Options are garage and outdoor.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $563 |
Rental Policy | daily |
Yearly Taxes | $1787 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 635 |
Furnished | N/A |
Year built | 1949 |
Listing Status | Off Market |
MLS | 12285752 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $145,000 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $145,000.
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: $563.
Yearly taxes of $1787, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $17,796.
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: $4,272.
The estimated property value based on recent sales of similar properties: $145,000.
For a property with an NOI of $4,272 per year and a market value of $145,000:
Formula: NOI / Current Market Value
$4,272 / $145,000 = 2.9%
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: $19,152.
The estimated property value based on recent sales of similar properties: $145,000.
For a property with an NOI of $19,152 per year and a market value of $145,000:
Formula: NOI / Current Market Value
$19,152 / $145,000 = 13.2%
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 $145,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $4,272:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$4,272 / ($145,000 × 0.2 + $145,000 × 0.03) = 12.8%
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 $145,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $19,152:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$19,152 / ($145,000 × 0.2 + $145,000 × 0.03) = 60.9%
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: $36,948.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$36,948
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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