Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $175 per day and long-term for an average of $2,743 per month, based on similar listings in the area. Estimated short-term cap rate of 1.3%. Estimated long-term cap rate of 1.9%. Here's your chance to own a beautiful and cozy home in Leisureville, a 55+ community located less than 10 minutes away from the beautiful beaches of Pompano. Also conveniently located two houses down from the clubhouse featuring a pool and shuffle board. Amenities also include shuttle buses, outings, private 9-hole golf course, game room, library, and monthly landscaping.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $274 |
Rental Policy | daily |
Yearly Taxes | $1101 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 1,260 |
Furnished | unknown |
Year built | 1970 |
Listing Status | Off Market |
MLS | A11490110 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $345,000 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $345,000.
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: $274.
Yearly taxes of $1101, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $26,412.
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: $6,504.
The estimated property value based on recent sales of similar properties: $345,000.
For a property with an NOI of $6,504 per year and a market value of $345,000:
Formula: NOI / Current Market Value
$6,504 / $345,000 = 1.9%
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: $4,428.
The estimated property value based on recent sales of similar properties: $345,000.
For a property with an NOI of $4,428 per year and a market value of $345,000:
Formula: NOI / Current Market Value
$4,428 / $345,000 = 1.3%
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 $345,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $6,504:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$6,504 / ($345,000 × 0.2 + $345,000 × 0.03) = 8.2%
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 $345,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $4,428:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$4,428 / ($345,000 × 0.2 + $345,000 × 0.03) = 6.8%
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: $30,840.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$30,840
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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