Luna - Real Estate AI Assistant
Get insights, projections, and answers instantly!
POWERED BY 
Get insights, projections, and answers instantly!
POWERED BY
Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $6,024 per month, based on comparable local listings. Estimated long-term cap rate of -3.0%. One-of-a-Kind Miami Oasis – Designer Remodel, Oversized Balcony, Water Views A RARE blend of elegance, design, and serenity: - $70K in DESIGNER-curated furniture + $50K high-end renovation, rare finishes. - REFLECTIVE ceiling, TEXTURED walls - 44th floor, breathtaking WATER VIEWS; OVERSIZED BALCONY, rare unit in it's line. Resort-style amenities: – FREE Pilates, HIIT, Yoga & Spin – Pool, jacuzzi, sundeck, sauna, steam – Bowling, tennis, theater, video games, billiards, golf simulator, putting green – Cigar lounge, wine cellar – Concierge, 24/7 security, valet, assigned parking Optimal LOCATION: - Downstairs: cafes + Amara (Michael Schwartz) - 15min walk to Midtown, Wynwood & Design District - 15min drive to BEACH, 20 to Brickell - 5min drive to freeway
Monthly Rent | $6,024 |
Monthly HOA | $1540 |
Rental Policy | STR Restrictions |
Yearly Taxes | $13204 |
Bedrooms | 2 |
Bathrooms | 3 |
SQFT | 1,151 |
Furnished | N/A |
Year built | 2018 |
Listing Status | Off Market |
MLS | A11781009 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $1,190,000 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $1,190,000.
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: $1540.
Yearly taxes of $13204, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $107,688.
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: $-35,400.
The estimated property value based on recent sales of similar properties: $1,190,000.
For a property with an NOI of $-35,400 per year and a market value of $1,190,000:
Formula: NOI / Current Market Value
$-35,400 / $1,190,000 = -3.0%
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: $-107,688.
The estimated property value based on recent sales of similar properties: $1,190,000.
For a property with an NOI of $-107,688 per year and a market value of $1,190,000:
Formula: NOI / Current Market Value
$-107,688 / $1,190,000 = -9.0%
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 $1,190,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-35,400:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-35,400 / ($1,190,000 × 0.2 + $1,190,000 × 0.03) = -12.9%
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 $1,190,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-107,688:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-107,688 / ($1,190,000 × 0.2 + $1,190,000 × 0.03) = -39.3%
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.
100 Comparable listings
$5,400/mo
Dist: 0.0 mi
2
3
1150 sqft
$6,500/mo
Dist: 0.0 mi
2
3
1151 sqft
$6,000/mo
Dist: 0.0 mi
2
3
1151 sqft
$5,600/mo
Dist: 0.0 mi
2
3
1151 sqft
$5,800/mo
Dist: 0.0 mi
2
3
1151 sqft
$5,600/mo
Dist: 0.0 mi
2
3
1151 sqft
$5,500/mo
Dist: 0.0 mi
2
3
1151 sqft
$5,700/mo
Dist: 0.0 mi
2
3
1151 sqft
$5,700/mo
Dist: 0.0 mi
2
3
1151 sqft
$5,595/mo
Dist: 0.0 mi
2
3
1151 sqft
$7,300/mo
Dist: 0.0 mi
2
3
1151 sqft
$8,500/mo
Dist: 0.0 mi
2
3
1151 sqft
$5,800/mo
Dist: 0.0 mi
2
3
1175 sqft
$6,000/mo
Dist: 0.0 mi
2
3
1175 sqft
$5,700/mo
Dist: 0.0 mi
2
3
1193 sqft
$5,600/mo
Dist: 0.0 mi
2
3
1193 sqft
$7,000/mo
Dist: 0.0 mi
2
3
1193 sqft
$5,700/mo
Dist: 0.0 mi
2
3
1193 sqft
$5,700/mo
Dist: 0.0 mi
2
3
1193 sqft
$6,999/mo
Dist: 0.0 mi
2
3
1193 sqft
$7,000/mo
Dist: 0.0 mi
2
3
1193 sqft
$6,800/mo
Dist: 0.0 mi
2
3
1193 sqft
$5,900/mo
Dist: 0.0 mi
2
3
1193 sqft
$6,000/mo
Dist: 0.0 mi
2
3
1198 sqft
$5,700/mo
Dist: 0.0 mi
2
3
1198 sqft
$6,500/mo
Dist: 0.0 mi
2
3
1198 sqft
$5,800/mo
Dist: 0.0 mi
2
3
1198 sqft
$5,750/mo
Dist: 0.0 mi
2
3
1200 sqft
$6,000/mo
Dist: 0.06 mi
2
3
1150 sqft
$5,750/mo
Dist: 0.06 mi
2
3
1151 sqft
$6,400/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,550/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,950/mo
Dist: 0.06 mi
2
3
1151 sqft
$7,350/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,900/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,300/mo
Dist: 0.06 mi
2
3
1151 sqft
$7,350/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,400/mo
Dist: 0.06 mi
2
3
1151 sqft
$7,000/mo
Dist: 0.06 mi
2
3
1151 sqft
$6,200/mo
Dist: 0.06 mi
2
3
1151 sqft
$6,200/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,550/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,700/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,700/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,500/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,500/mo
Dist: 0.06 mi
2
3
1151 sqft
$5,500/mo
Dist: 0.06 mi
2
3
1151 sqft
$8,000/mo
Dist: 0.06 mi
2
3
1175 sqft
$8,000/mo
Dist: 0.06 mi
2
3
1175 sqft
$5,400/mo
Dist: 0.06 mi
2
3
1175 sqft
$5,400/mo
Dist: 0.06 mi
2
3
1175 sqft
$5,300/mo
Dist: 0.06 mi
2
3
1175 sqft
$5,600/mo
Dist: 0.06 mi
2
3
1175 sqft
$6,000/mo
Dist: 0.06 mi
2
3
1193 sqft
$5,600/mo
Dist: 0.06 mi
2
3
1193 sqft
$6,000/mo
Dist: 0.06 mi
2
3
1193 sqft
$8,000/mo
Dist: 0.06 mi
2
3
1193 sqft
$7,500/mo
Dist: 0.06 mi
2
3
1193 sqft
$6,000/mo
Dist: 0.06 mi
2
3
1193 sqft
$8,000/mo
Dist: 0.06 mi
2
3
1193 sqft
$7,000/mo
Dist: 0.06 mi
2
3
1193 sqft
$5,200/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,000/mo
Dist: 0.06 mi
2
3
1198 sqft
$6,500/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,750/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,400/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,800/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,000/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,900/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,350/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,300/mo
Dist: 0.06 mi
2
3
1198 sqft
$6,000/mo
Dist: 0.06 mi
2
3
1198 sqft
$6,000/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,750/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,750/mo
Dist: 0.06 mi
2
3
1198 sqft
$5,500/mo
Dist: 0.06 mi
2
3
1290 sqft
$6,495/mo
Dist: 0.09 mi
2
3
1143 sqft
$5,800/mo
Dist: 0.09 mi
2
3
1143 sqft
$5,500/mo
Dist: 0.09 mi
2
3
1190 sqft
$6,100/mo
Dist: 0.09 mi
2
3
1326 sqft
$7,500/mo
Dist: 0.11 mi
2
3
1143 sqft
$6,200/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,500/mo
Dist: 0.11 mi
2
3
1143 sqft
$6,200/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,500/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,800/mo
Dist: 0.11 mi
2
3
1143 sqft
$6,000/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,500/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,700/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,400/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,600/mo
Dist: 0.11 mi
2
3
1143 sqft
$7,500/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,500/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,900/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,000/mo
Dist: 0.11 mi
2
3
1143 sqft
$6,500/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,000/mo
Dist: 0.11 mi
2
3
1143 sqft
$6,500/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,000/mo
Dist: 0.11 mi
2
3
1143 sqft
$5,750/mo
Dist: 0.11 mi
2
3
1143 sqft
