Luna - Real Estate AI Assistant
Get insights, projections, and answers instantly!
POWERED BY 
Get insights, projections, and answers instantly!
POWERED BY
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $158 per day and long-term for an average of $1,888 per month, based on similar listings in the area. Estimated short-term cap rate of 7.8%. Estimated long-term cap rate of 1.8%. Welcome Home to this beautiful, sun filled, Junior 1 bedroom in the heart of East Lakeview! Unit features floor to ceiling windows, hardwood flooring, granite countertops, stainless steel appliances and breakfast bar perfect for kitchen seating. Ample closet space. Option to add in unit w/d. Brand new electrical panel and fully painted in 2023. Building amenities include pool, sundeck, fitness center, bike room, on-site maintenance and management, laundry room etc. Steps from the lake, restaurants and bars on Broadway st. Many transportation options nearby via bus and CTA lines.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $336 |
Rental Policy | daily |
Yearly Taxes | $3164 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 475 |
Furnished | N/A |
Year built | 1969 |
Listing Status | Off Market |
MLS | 12334682 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $189,900 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $189,900.
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: $336.
Yearly taxes of $3164, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $19,320.
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: $3,336.
The estimated property value based on recent sales of similar properties: $189,900.
For a property with an NOI of $3,336 per year and a market value of $189,900:
Formula: NOI / Current Market Value
$3,336 / $189,900 = 1.8%
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: $14,856.
The estimated property value based on recent sales of similar properties: $189,900.
For a property with an NOI of $14,856 per year and a market value of $189,900:
Formula: NOI / Current Market Value
$14,856 / $189,900 = 7.8%
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 $189,900 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $3,336:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$3,336 / ($189,900 × 0.2 + $189,900 × 0.03) = 7.6%
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 $189,900 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $14,856:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$14,856 / ($189,900 × 0.2 + $189,900 × 0.03) = 34.0%
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: $34,182.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$34,182
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
$1,600/mo
Dist: 0.01 mi
1
1
500 sqft
$1,900/mo
Dist: 0.01 mi
1
1
500 sqft
$1,650/mo
Dist: 0.01 mi
1
1
550 sqft
$1,825/mo
Dist: 0.04 mi
1
1
550 sqft
$1,950/mo
Dist: 0.05 mi
1
1
500 sqft
$2,295/mo
Dist: 0.06 mi
1
1
500 sqft
$1,825/mo
Dist: 0.06 mi
1
1
500 sqft
$1,825/mo
Dist: 0.06 mi
1
1
500 sqft
$1,825/mo
Dist: 0.06 mi
1
1
550 sqft
$1,695/mo
Dist: 0.06 mi
1
1
550 sqft
$1,637/mo
Dist: 0.06 mi
1
1
570 sqft
$1,849/mo
Dist: 0.06 mi
1
1
570 sqft
$1,729/mo
Dist: 0.06 mi
1
1
570 sqft
$1,695/mo
Dist: 0.07 mi
1
1
500 sqft
$1,820/mo
Dist: 0.07 mi
1
1
502 sqft
$1,555/mo
Dist: 0.07 mi
1
1
502 sqft
$1,585/mo
Dist: 0.07 mi
1
1
505 sqft
$1,615/mo
Dist: 0.07 mi
1
1
506 sqft
$1,620/mo
Dist: 0.07 mi
1
1
518 sqft
$1,610/mo
Dist: 0.07 mi
1
1
518 sqft
$1,620/mo
Dist: 0.07 mi
1
1
531 sqft
$1,550/mo
Dist: 0.07 mi
1
1
550 sqft
$1,995/mo
Dist: 0.07 mi
1
1
550 sqft
$1,375/mo
Dist: 0.08 mi
1
1
450 sqft
$1,775/mo
Dist: 0.08 mi
1
1
500 sqft
$1,900/mo
Dist: 0.08 mi
1
1
500 sqft
$1,795/mo
Dist: 0.09 mi
1
1
400 sqft
$1,995/mo
Dist: 0.09 mi
1
1
400 sqft
$1,845/mo
Dist: 0.09 mi
1
1
400 sqft
$1,895/mo
Dist: 0.09 mi
1
1
400 sqft
$1,950/mo
Dist: 0.09 mi
1
1
450 sqft
$2,490/mo
Dist: 0.09 mi
1
1
500 sqft
$1,862/mo
Dist: 0.09 mi
1
1
500 sqft
$2,095/mo
Dist: 0.09 mi
1
1
500 sqft
$1,950/mo
Dist: 0.09 mi
1
1
500 sqft
$1,895/mo
Dist: 0.09 mi
1
1
550 sqft
$1,850/mo
Dist: 0.09 mi
1
1
550 sqft
$1,795/mo
Dist: 0.09 mi
1
1
550 sqft
$1,895/mo
Dist: 0.09 mi
1
1
553 sqft
$1,845/mo
Dist: 0.1 mi
1
1
400 sqft
$1,845/mo
Dist: 0.1 mi
1
1
400 sqft
$1,745/mo
Dist: 0.1 mi
1
1
400 sqft
$1,895/mo
Dist: 0.1 mi
1
1
450 sqft
$1,745/mo
Dist: 0.1 mi
1
1
485 sqft
$1,895/mo
Dist: 0.1 mi
1
1
500 sqft
$1,795/mo
Dist: 0.1 mi
1
1
500 sqft
$1,995/mo
Dist: 0.1 mi
1
1
500 sqft
$1,795/mo
Dist: 0.1 mi
1
1
500 sqft
$1,845/mo
Dist: 0.1 mi
1
1
500 sqft
$2,032/mo
Dist: 0.1 mi
1
1
532 sqft
$2,142/mo
Dist: 0.1 mi
1
1
532 sqft
$2,005/mo
Dist: 0.1 mi
1
1
532 sqft
$2,253/mo
Dist: 0.1 mi
1
1
532 sqft
$2,117/mo
Dist: 0.1 mi
1
1
538 sqft
$2,155/mo
Dist: 0.1 mi
1
1
538 sqft
$2,250/mo
Dist: 0.1 mi
1
1
538 sqft
$2,242/mo
Dist: 0.1 mi
1
1
538 sqft
$2,267/mo
Dist: 0.1 mi
1
1
538 sqft
$1,795/mo
Dist: 0.1 mi
1
1
540 sqft
$2,045/mo
Dist: 0.1 mi
1
1
540 sqft
$1,895/mo
Dist: 0.1 mi
1
1
550 sqft
$1,995/mo
Dist: 0.1 mi
1
1
550 sqft
$2,154/mo
Dist: 0.1 mi
1
1
558 sqft
$2,201/mo
Dist: 0.1 mi
1
1
558 sqft
$1,750/mo
Dist: 0.1 mi
1
1
565 sqft
$1,745/mo
Dist: 0.1 mi
1
1
565 sqft
$1,514/mo
Dist: 0.12 mi
1
1
391 sqft
$1,920/mo
Dist: 0.13 mi
1
1
500 sqft
$1,600/mo
Dist: 0.15 mi
1
1
475 sqft
$1,828/mo
Dist: 0.15 mi
1
1
550 sqft
$2,490/mo
Dist: 0.15 mi
1
1
555 sqft
$2,490/mo
Dist: 0.15 mi
1
1
565 sqft
$2,385/mo
Dist: 0.15 mi
1
1
566 sqft
$2,480/mo
Dist: 0.15 mi
1
1
570 sqft
$2,000/mo
Dist: 0.16 mi
1
1
400 sqft
$1,595/mo
Dist: 0.16 mi
1
1
400 sqft
$1,750/mo
Dist: 0.16 mi
1
1
500 sqft
$1,595/mo
Dist: 0.16 mi
1
1
500 sqft
$1,795/mo
Dist: 0.16 mi
1
1
500 sqft
$1,650/mo
Dist: 0.16 mi
1
1
500 sqft
$2,045/mo
Dist: 0.16 mi
1
1
507 sqft
$2,045/mo
Dist: 0.16 mi
1
1
507 sqft
$1,725/mo
Dist: 0.16 mi
1
1
525 sqft
$2,045/mo
Dist: 0.16 mi
1
1
530 sqft
$1,695/mo
Dist: 0.16 mi
1
1
550 sqft
$1,650/mo
Dist: 0.16 mi
1
1
550 sqft
$1,995/mo
Dist: 0.16 mi
1
1
550 sqft
$1,950/mo
Dist: 0.16 mi
1
1
550 sqft
$1,675/mo
Dist: 0.16 mi
1
1
550 sqft
$1,828/mo
Dist: 0.16 mi
1
1
550 sqft
$1,828/mo
Dist: 0.16 mi
1
1
550 sqft
$1,828/mo
Dist: 0.16 mi
1
1
550 sqft
$1,665/mo
Dist: 0.16 mi
1
1
550 sqft
$2,050/mo
Dist: 0.16 mi
1
1
550 sqft
$1,850/mo
Dist: 0.16 mi
1
1
550 sqft
$1,625/mo
Dist: 0.16 mi
1
1
550 sqft
$1,751/mo
Dist: 0.16 mi
1
1
570 sqft
$2,350/mo
Dist: 0.17 mi
1
1
498 sqft
$1,875/mo
Dist: 0.17 mi
1
1
500 sqft
$2,195/mo
Dist: 0.17 mi
1
1
500 sqft
