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Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $166 per day and long-term for an average of $1,615 per month, based on similar listings in the area. Estimated short-term cap rate of 2.7%. Estimated long-term cap rate of -1.7%. Come see this adorable 3/2/2 home in the much-desired Frenship ISD. As you enter this home, you will see beautiful vinyl plank flooring in the living room and kitchen, along with a fireplace, separate eating area, and a kitchen with lots of counter space. the master bedroom is a great size with a master bathroom that has a separate tub and shower. The other two bedrooms are a perfect size for children, guests, or even an office space. Step out onto the back porch to enjoy a nice space to relax. Bring your clients today!
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $336 |
Rental Policy | daily |
Yearly Taxes | $4070 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 1,618 |
Furnished | unknown |
Year built | 2006 |
Listing Status | Off Market |
MLS | 202408216 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $242,500 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $242,500.
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 $4070, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $23,580.
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: $-4,200.
The estimated property value based on recent sales of similar properties: $242,500.
For a property with an NOI of $-4,200 per year and a market value of $242,500:
Formula: NOI / Current Market Value
$-4,200 / $242,500 = -1.7%
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: $6,576.
The estimated property value based on recent sales of similar properties: $242,500.
For a property with an NOI of $6,576 per year and a market value of $242,500:
Formula: NOI / Current Market Value
$6,576 / $242,500 = 2.7%
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 $242,500 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-4,200:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-4,200 / ($242,500 × 0.2 + $242,500 × 0.03) = -7.5%
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 $242,500 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $6,576:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$6,576 / ($242,500 × 0.2 + $242,500 × 0.03) = 13.5%
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: $30,156.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$30,156
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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