Experience the pinnacle of modern living at The Hampton at Metrowest. Step into a world of sleek updates and contemporary elegance within this updated property, offering an atmosphere that is both comfortable and spacious. Situated in an exceptional location, this home boasts convenience and luxury at every turn. A brand new water heater and A/C unit provide modern comforts, while the newly remodeled outdoor amenities elevate the living experience to new heights. Discover a brand new basketball court, a gym that rivals commercial facilities, pools that provide a refreshing escape, and around-the-clock security for peace of mind. Within a mere 10-minute drive, you'll find yourself at the doorstep of Universal Theme Park, the renowned Millenia Mall, and the vibrant International Drive. The entertainment options are endless, promising excitement and adventure just moments away. For those seeking a touch of magic, Disney World Parks are a short 25-minute drive, making everyday living feel like a fairytale experience. With easy access to major highways such as I-4 and Florida Turnpike, the world is truly at your fingertips from this prime location. Embrace the charm of Orlando living, where modernity meets convenience in a captivating blend. Don't miss out on the opportunity to make this extraordinary property your own. Indulge in the luxury, embrace the excitement, and seize the moment to elevate your lifestyle to new heights at The Hampton at Metrowest.
Monthly Rent | $2,108 |
Monthly HOA | $626 |
rental Policy | STR Restrictions |
Yearly Taxes | $2806 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 1,260 |
Furnished | unknown |
Year built | 2000 |
MLS | O6191179 |
Let's consider the scenario of taking a 30-year fixed-rate mortgage for at today's interest rate of 0.07%.
Here's the breakdown of your mortgage expenses:
Principal loan amount:This is the initial size of your loan, or in other words, your condo price. For this scenario, it's .
Interest rate:This is the cost of borrowing money, calculated monthly. Your annual interest rate is 0.07%, so we divide that by 12 for each month.
Total number of payments: Over the course of 30 years, you'll make 360 payments (that's 30 years multiplied by 12 months).
HOA fees: Homeowner Association fees are estimated to be $626 each month.
Property Taxes:Your yearly property taxes are $2806. We divide this by 12 to estimate the monthly cost.
Given these factors, your yearly mortgage expenses would be calculated using a formula that includes your principal loan amount, interest rate, total number of payments, HOA fees, and property taxes. This comes out to be approximately $26,280, rounded to the nearest cent.
The capitalization (cap) rate measures a property's rate of return based on its income. It's calculated as the Net Operating Income (NOI) divided by the property's Current Market Value.
Cap Rate Formula: NOI / Current Market Value
Net Operating Income (NOI): The income after subtracting operating expenses like management, maintenance, and insurance. Typically, it's the gross rental income minus these expenses which is $-984.
Current Market Value: The estimated property value based on recent sales of similar properties which is $250,000.
Calculation: For a property with an NOI of $-26,280 per year and a market value of , the cap rate would be: $-984 / $250,000 = -0.4%
The capitalization (cap) rate measures a property's rate of return based on its income. It's calculated as the Net Operating Income (NOI) divided by the property's Current Market Value.
Cap Rate Formula: NOI / Current Market Value
Net Operating Income (NOI): The income after subtracting operating expenses like management, maintenance, and insurance. Typically, it's the gross rental income minus these expenses which is $-26,280.
Current Market Value: The estimated property value based on recent sales of similar properties which is $250,000.
Calculation: For a property with an NOI of $-26,280 per year and a market value of , the cap rate would be: $-26,280 / $250,000 = -10.5%
Interest rate
Interest rate
Cash on Cash Return is a rate of return metric used in real estate investments that calculates the cash income earned on the cash invested in a property. It is expressed as a percentage and is calculated by dividing the annual pre-tax cash flow by the total cash invested.
Cash on Cash Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
Annual Pre-Tax Cash Flow is the income the property generates in a year after operating expenses, excluding financing costs.
Total Cash Invested includes the down payment and any additional costs like closing costs.
For example, with a down payment of 20% and closing costs of 3% on a property priced at $250,000, and annual pre-tax cash flow of $-984
The Cash on Cash Return would be:
$-984 / ($250,000 * 0.2 + $250,000 * 0.03) = -1.7%
Cash on Cash Return is a rate of return metric used in real estate investments that calculates the cash income earned on the cash invested in a property. It is expressed as a percentage and is calculated by dividing the annual pre-tax cash flow by the total cash invested.
Cash on Cash Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
Annual Pre-Tax Cash Flow is the income the property generates in a year after operating expenses, excluding financing costs.
Total Cash Invested includes the down payment and any additional costs like closing costs.
For example, with a down payment of 20% and closing costs of 3% on a property priced at $250,000, and annual pre-tax cash flow of $-26,280,
The Cash on Cash Return would be:
$-26,280 / ($250,000 * 0.2 + $250,000 * 0.03) = -45.7%
Here's how we calculate your potential yearly revenue:
Total days in a year: We start with 365 days, the total number of days in one year.
Occupancy rate: This is the percentage of the year your property is rented out. For this scenario, it's Hidden%.
Rented days per year: We calculate this by multiplying the total days in a year (365) by your occupancy rate.
Daily rental rate: This is the amount you charge for one day of renting out your property. In this case, it's Hidden.
Gross rental income: We calculate this by multiplying the number of rented days by the daily rental rate.
Airbnb and other fees: These are the costs of using a service like Airbnb to rent out your property, which typically take about 3% from your rental income. Additional fees may include homeowner association fees or other applicable costs.
Net rental income (your yearly revenue): We calculate this by subtracting the Airbnb and other fees from your gross rental income. In this case, this amount is $0.
Please note that some properties may have additional short-term rental fees. For example, the Club at Brickell in Edgewater, Miami, charges an additional 15% for short-term rentals. These additional fees are already included in the revenue calculation.
So, given these factors, your potential yearly revenue is calculated using the number of rented days, the daily rental rate, and any applicable fees. This comes out to be approximately $0.
Monthly Rent Revenue
Yearly Rent Revenue
*Estimate based on similar properties in the area.
175 Comparable listings
$2,000/mo
Dist: 0.06 mi
3
2
1260 sqft
$2,000/mo
Dist: 0.08 mi
3
2
1240 sqft
$1,699/mo
Dist: 0.09 mi
3
2
1260 sqft
$2,100/mo
Dist: 0.11 mi
3
2
1400 sqft
$1,950/mo
Dist: 0.14 mi
3
2
1410 sqft
$1,949/mo
Dist: 0.14 mi
3
2
1435 sqft
$2,300/mo
Dist: 0.15 mi
3
2
1247 sqft
$2,000/mo
Dist: 0.15 mi
3
2
1247 sqft
$2,050/mo
Dist: 0.15 mi
3
2
1247 sqft
$1,900/mo
Dist: 0.15 mi
3
2
1412 sqft
$2,100/mo
Dist: 0.21 mi
3
2
1435 sqft
$2,100/mo
Dist: 0.22 mi
3
2
1412 sqft
$1,995/mo
Dist: 0.23 mi
3
2
1260 sqft
$1,875/mo
Dist: 0.23 mi
3
2
1435 sqft
$2,200/mo
Dist: 0.23 mi
3
2
1260 sqft
$1,875/mo
Dist: 0.23 mi
3
2
1435 sqft
$1,875/mo
Dist: 0.23 mi
3
2
1435 sqft
$1,950/mo
Dist: 0.24 mi
3
2
1260 sqft
$2,200/mo
Dist: 0.24 mi
3
2
1387 sqft
$2,299/mo
Dist: 0.24 mi
3
2
1387 sqft
$2,250/mo
Dist: 0.24 mi
3
2
1387 sqft
$2,100/mo
Dist: 0.25 mi
3
2
1300 sqft
$1,850/mo
Dist: 0.27 mi
3
2
1387 sqft
$2,400/mo
Dist: 0.3 mi
3
2
1408 sqft
$2,100/mo
Dist: 0.31 mi
3
2
1408 sqft
$2,000/mo
Dist: 0.35 mi
3
2
1295 sqft
$2,000/mo
Dist: 0.35 mi
3
2
1391 sqft
$2,000/mo
Dist: 0.36 mi
3
2
1206 sqft
$2,295/mo
Dist: 0.36 mi
3
2
1247 sqft
$2,300/mo
Dist: 0.36 mi
3
2
1260 sqft
$2,075/mo
Dist: 0.36 mi
3
2
1447 sqft
$1,850/mo
Dist: 0.38 mi
3
2
1206 sqft
$2,100/mo
Dist: 0.4 mi
3
2
1206 sqft
$1,895/mo
Dist: 0.4 mi
3
2
1408 sqft
$1,925/mo
Dist: 0.4 mi
3
2
1206 sqft
$2,000/mo
Dist: 0.4 mi
3
2
1408 sqft
$1,900/mo
Dist: 0.41 mi
3
2
1408 sqft
$1,900/mo
Dist: 0.41 mi
3
2
1408 sqft
$2,150/mo
Dist: 0.42 mi
3
2
1247 sqft
$1,950/mo
Dist: 0.42 mi
3
2
1247 sqft
$2,300/mo
Dist: 0.42 mi
3
2
1447 sqft
$1,995/mo
Dist: 0.42 mi
3
2
1247 sqft
$1,925/mo
Dist: 0.44 mi
3
2
1295 sqft
$2,015/mo
Dist: 0.46 mi
3
2
1369 sqft
$2,399/mo
Dist: 0.46 mi
3
2
1360 sqft
$2,000/mo
Dist: 0.49 mi
3
2
1369 sqft
$1,900/mo
Dist: 0.81 mi
3
2
1408 sqft
$2,000/mo
Dist: 0.82 mi
3
2
1408 sqft
$1,900/mo
Dist: 1.11 mi
3
2
1206 sqft
$2,200/mo
Dist: 1.11 mi
3
2
1408 sqft
$2,000/mo
Dist: 1.14 mi
3
2
1206 sqft
$2,150/mo
Dist: 1.19 mi
3
2
1330 sqft
$2,675/mo
Dist: 1.43 mi
3
2
1446 sqft
$2,330/mo
Dist: 1.46 mi
3
2
1421 sqft
$1,795/mo
Dist: 1.61 mi
3
2
1308 sqft
$1,995/mo
Dist: 1.65 mi
3
2
1308 sqft
$2,265/mo
Dist: 1.76 mi
3
2
1236 sqft
$1,800/mo
Dist: 1.77 mi
3
2
1149 sqft
$1,700/mo
Dist: 1.77 mi
3
2
1105 sqft
$2,245/mo
Dist: 1.8 mi
3
2
1256 sqft
$2,295/mo
Dist: 1.85 mi
3
2
1268 sqft
$1,998/mo
Dist: 1.88 mi
3
2
1351 sqft
$2,295/mo
Dist: 1.88 mi
3
2
1351 sqft
$1,500/mo
Dist: 1.89 mi
3
2
1204 sqft
$2,000/mo
Dist: 1.92 mi
3
2
1200 sqft
$2,095/mo
Dist: 1.94 mi
3
2
1216 sqft
$2,350/mo
Dist: 1.96 mi
3
2
1326 sqft
$2,200/mo
Dist: 1.97 mi
3
2
1446 sqft
$2,100/mo
Dist: 2.0 mi
3
2
1280 sqft
$2,119/mo
Dist: 2.09 mi
3
2
1372 sqft
$2,200/mo
Dist: 2.13 mi
3
2
1075 sqft
$2,050/mo
Dist: 2.13 mi
3
2
1307 sqft
$2,295/mo
Dist: 2.14 mi
3
2
1233 sqft
$2,195/mo
Dist: 2.15 mi
3
2
1221 sqft
$2,195/mo
Dist: 2.17 mi
3
2
1221 sqft
$1,950/mo
Dist: 2.2 mi
3
2
1324 sqft
$2,500/mo
Dist: 2.2 mi
3
2
1155 sqft
$2,445/mo
Dist: 2.25 mi
3
2
1324 sqft
$2,300/mo
Dist: 2.26 mi
3
2
1354 sqft
$1,540/mo
Dist: 2.27 mi
3
2
1143 sqft
$2,750/mo
Dist: 2.28 mi
3
2
1364 sqft
$2,055/mo
Dist: 2.38 mi
3
2
1324 sqft
$2,100/mo
Dist: 2.49 mi
3
2
1295 sqft
$2,800/mo
Dist: 2.49 mi
3
2
1300 sqft
$2,450/mo
Dist: 2.51 mi
3
2
1247 sqft
$2,800/mo
Dist: 2.53 mi
3
2
1280 sqft
$2,095/mo
Dist: 2.68 mi
3
2
1359 sqft
$2,255/mo
Dist: 2.72 mi
3
2
1162 sqft
$2,420/mo
Dist: 2.77 mi
3
2
1346 sqft
$2,350/mo
Dist: 2.9 mi
3
2
1260 sqft
$1,600/mo
Dist: 4.96 mi
3
2
1122 sqft
$1,600/mo
Dist: 4.96 mi
3
2
1122 sqft
$2,500/mo
Dist: 6.04 mi
3
2
1155 sqft
$2,750/mo
Dist: 6.54 mi
3
2
1364 sqft