Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $1,744 per month, based on comparable local listings. Estimated long-term cap rate of 0.1%. Welcome to Townes of Southgate! This remodeled condo is ready for immediate move-in! Walking distance to famous Millenia Mall, Target, and all your shopping needs! Just minutes to I-4, Florida Turnpike, and everything Orlando has to offer. CALL NOW! WILL NOT LAST!
Monthly Rent | $1,744 |
Monthly HOA | $300 |
Rental Policy | STR Restrictions |
Yearly Taxes | $1882 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 1,080 |
Furnished | unknown |
Year built | 1989 |
Listing Status | Off Market |
MLS | T3498859 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $239,900 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $239,900.
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: $300.
Yearly taxes of $1882, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $20,796.
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: $132.
The estimated property value based on recent sales of similar properties: $239,900.
For a property with an NOI of $132 per year and a market value of $239,900:
Formula: NOI / Current Market Value
$132 / $239,900 = 0.1%
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: $-20,796.
The estimated property value based on recent sales of similar properties: $239,900.
For a property with an NOI of $-20,796 per year and a market value of $239,900:
Formula: NOI / Current Market Value
$-20,796 / $239,900 = -8.7%
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 $239,900 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $132:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$132 / ($239,900 × 0.2 + $239,900 × 0.03) = 0.2%
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 $239,900 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-20,796:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-20,796 / ($239,900 × 0.2 + $239,900 × 0.03) = -37.7%
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.
257 Properties Comparable listings
$2,500/mo
Dist: 0.02 mi
2
2
1080 sqft
$2,200/mo
Dist: 0.04 mi
2
2
1080 sqft
$1,800/mo
Dist: 0.04 mi
2
2
1080 sqft
$1,600/mo
Dist: 0.05 mi
2
2
1080 sqft
$1,600/mo
Dist: 0.05 mi
2
2
1080 sqft
$1,650/mo
Dist: 0.05 mi
2
2
1080 sqft
$1,600/mo
Dist: 0.05 mi
2
2
1080 sqft
$1,700/mo
Dist: 0.05 mi
2
2
1080 sqft
$1,850/mo
Dist: 0.12 mi
2
2
935 sqft
$1,850/mo
Dist: 0.12 mi
2
2
935 sqft
$1,850/mo
Dist: 0.12 mi
2
2
935 sqft
$2,200/mo
Dist: 0.14 mi
2
2
1147 sqft
$1,800/mo
Dist: 0.17 mi
2
2
1072 sqft
$1,595/mo
Dist: 0.17 mi
2
2
1105 sqft
$1,850/mo
Dist: 0.19 mi
2
2
1072 sqft
$1,700/mo
Dist: 0.19 mi
2
2
1080 sqft
$1,699/mo
Dist: 0.19 mi
2
2
1147 sqft
$1,550/mo
Dist: 0.27 mi
2
2
1000 sqft
$1,575/mo
Dist: 0.31 mi
2
2
988 sqft
$1,850/mo
Dist: 0.31 mi
2
2
988 sqft
$1,900/mo
Dist: 0.31 mi
2
2
988 sqft
$1,850/mo
Dist: 0.31 mi
2
2
1000 sqft
$1,900/mo
Dist: 0.32 mi
2
2
988 sqft
$1,700/mo
Dist: 0.32 mi
2
2
988 sqft
$1,800/mo
Dist: 0.32 mi
2
2
988 sqft
$1,650/mo
Dist: 0.32 mi
2
2
988 sqft
$1,650/mo
Dist: 0.32 mi
2
2
988 sqft
$1,700/mo
Dist: 0.32 mi
2
2
988 sqft
$1,599/mo
Dist: 0.33 mi
2
2
956 sqft
$1,600/mo
Dist: 0.33 mi
2
2
956 sqft
$1,600/mo
Dist: 0.33 mi
2
2
956 sqft
$1,625/mo
Dist: 0.33 mi
2
2
956 sqft
$1,600/mo
Dist: 0.34 mi
2
2
956 sqft
$1,750/mo
Dist: 0.34 mi
2
2
988 sqft
$1,650/mo
Dist: 0.34 mi
2
2
988 sqft
$1,600/mo
Dist: 0.34 mi
2
2
1020 sqft
$1,550/mo
Dist: 0.34 mi
2
2
1020 sqft
$1,550/mo
Dist: 0.34 mi
2
2
1020 sqft
$1,650/mo
Dist: 0.36 mi
2
2
988 sqft
$1,750/mo
Dist: 0.36 mi
2
2
988 sqft
$1,700/mo
Dist: 0.36 mi
2
2
988 sqft
$1,700/mo
Dist: 0.36 mi
2
2
988 sqft
$1,650/mo
Dist: 0.36 mi
2
2
1028 sqft
$1,800/mo
Dist: 0.36 mi
2
2
1028 sqft
$1,850/mo
Dist: 0.36 mi
2
2
1028 sqft
$1,850/mo
Dist: 0.36 mi
2
2
1028 sqft
$1,595/mo
Dist: 0.43 mi
2
2
1020 sqft
$1,595/mo
Dist: 0.43 mi
2
2
1020 sqft
$2,000/mo
Dist: 0.46 mi
2
2
1107 sqft
$1,800/mo
Dist: 0.46 mi
2
2
1107 sqft
$1,600/mo
Dist: 0.49 mi
2
2
1020 sqft
$1,600/mo
Dist: 0.49 mi
2
2
1020 sqft
$1,525/mo
Dist: 0.49 mi
2
2
1020 sqft
$1,525/mo
Dist: 0.49 mi
2
2
1020 sqft
$1,995/mo
Dist: 0.54 mi
2
2
1113 sqft
$2,730/mo
Dist: 0.54 mi
2
2
1214 sqft
$1,900/mo
Dist: 0.58 mi
2
2
1107 sqft
$1,800/mo
Dist: 0.58 mi
2
2
1107 sqft
$1,700/mo
Dist: 0.65 mi
2
2
970 sqft
$1,695/mo
Dist: 0.65 mi
2
2
1043 sqft
$2,050/mo
Dist: 0.67 mi
2
2
1100 sqft
$1,800/mo
Dist: 0.67 mi
2
2
1100 sqft
$1,950/mo
Dist: 0.67 mi
2
2
1214 sqft
$2,050/mo
Dist: 0.68 mi
2
2
1123 sqft
$1,900/mo
Dist: 0.74 mi
2
2
1141 sqft
$1,850/mo
Dist: 0.78 mi
2
2
1123 sqft
$1,600/mo
Dist: 0.8 mi
2
2
948 sqft
$1,625/mo
Dist: 0.8 mi
2
2
963 sqft
$1,650/mo
Dist: 0.87 mi
2
2
1048 sqft
$1,875/mo
Dist: 0.89 mi
2
2
1000 sqft
$1,800/mo
Dist: 0.9 mi
2
2
932 sqft
$1,700/mo
Dist: 0.91 mi
2
2
963 sqft
$1,750/mo
Dist: 0.92 mi
2
2
1048 sqft
$1,750/mo
Dist: 0.92 mi
2
2
1048 sqft
$1,850/mo
Dist: 0.93 mi
2
2
932 sqft
$1,600/mo
Dist: 0.93 mi
2
2
1048 sqft
$1,495/mo
Dist: 0.93 mi
2
2
1048 sqft
$1,445/mo
Dist: 0.93 mi
2
2
1048 sqft
$1,495/mo
Dist: 0.93 mi
2
2
1048 sqft
$1,650/mo
Dist: 0.94 mi
2
2
1000 sqft
$1,650/mo
Dist: 0.94 mi
2
2
1048 sqft
$1,550/mo
Dist: 0.94 mi
2
2
1080 sqft
$1,692/mo
Dist: 0.96 mi
2
2
980 sqft
$1,640/mo
Dist: 0.96 mi
2
2
980 sqft
$1,750/mo
Dist: 1.0 mi
2
2
1043 sqft
$1,650/mo
Dist: 1.0 mi
2
2
1043 sqft
$1,750/mo
Dist: 1.0 mi
2
2
1043 sqft
$1,795/mo
Dist: 1.0 mi
2
2
1093 sqft
$1,600/mo
Dist: 1.0 mi
2
2
1142 sqft
$1,750/mo
Dist: 1.0 mi
2
2
1142 sqft
$1,650/mo
Dist: 1.0 mi
2
2
1142 sqft
$1,850/mo
Dist: 1.01 mi
2
2
1004 sqft
$1,650/mo
Dist: 1.01 mi
2
2
1043 sqft
$1,650/mo
Dist: 1.01 mi
2
2
1043 sqft
$1,750/mo
Dist: 1.01 mi
2
2
1093 sqft
$1,700/mo
Dist: 1.01 mi
2
2
1142 sqft
$1,700/mo
Dist: 1.01 mi
2
2
1142 sqft
$1,750/mo
Dist: 1.02 mi
2
2
1142 sqft
$1,850/mo
Dist: 1.07 mi
2
2
996 sqft
$1,850/mo
Dist: 1.07 mi
2
2
996 sqft