Investment Opportunity: Off-Market Listing: Owner will Finance No Credit Needed. This property offers 4 bedrooms, 3 full baths. a little over 3500 square feet. And sits on almost a 3/4 of an acre. Refrigerated Air. Solar Panels are assumable.
Monthly Rent | |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $6079 |
Bedrooms | 4 |
Bathrooms | 3 |
SQFT | 3,520 |
Furnished | unknown |
Year built | 1984 |
Listing Status | Off Market |
MLS | 895245 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $300,000 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $300,000.
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: $0.
Yearly taxes of $6079, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $25,236.
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: $0.
The estimated property value based on recent sales of similar properties: $300,000.
For a property with an NOI of $0 per year and a market value of $300,000:
Formula: NOI / Current Market Value
$0 / $300,000 = 0%
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: $-25,236.
The estimated property value based on recent sales of similar properties: $300,000.
For a property with an NOI of $-25,236 per year and a market value of $300,000:
Formula: NOI / Current Market Value
$-25,236 / $300,000 = -8.4%
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 $300,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $0:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$0 / ($300,000 × 0.2 + $300,000 × 0.03) = 0%
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 $300,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-25,236:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-25,236 / ($300,000 × 0.2 + $300,000 × 0.03) = -36.6%
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: $0.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$0
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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