Luna - Real Estate AI Assistant
Get insights, projections, and answers instantly!
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Get insights, projections, and answers instantly!
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Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $265 per day and long-term for an average of $2,932 per month, based on similar listings in the area. Estimated short-term cap rate of 0.5%. Estimated long-term cap rate of -3.1%. Come take a look at this charming gated community home at Oasis-Palm Aire! A MUST see custom-built dream kitchen! Sub-zero:Fridge, 5 star stainless steel gas range 6 burner stove w/cast iron griddle & grill, two ovens, built-in microwave, moveable island and a DOUBLE dishwasher. Lovely 3bed/2bath, breakfast area, dinning, living, and family room. A zen private backyard (fenced throughout) with a screened patio. Brand NEW roof!! Amenities include lawn maintenance, internet & cable, club house, pool, gym room, and much more. Directly off the Turnpike and 2 1/2 miles from I-95. 5½ miles from the newly built Pompano Beach Pier w/ fine dining, restaurants & bars. Minutes from Palm Aire: Oak Golf Course & Publix supermarket; Harrah's Casino, Top Golf, & DRVPNK Stadium.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $1044 |
Rental Policy | daily |
Yearly Taxes | $5274 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 1,626 |
Furnished | unknown |
Year built | 1997 |
Listing Status | Off Market |
MLS | A11530399 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $530,000 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $530,000.
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: $1044.
Yearly taxes of $5274, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $51,648.
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: $-16,464.
The estimated property value based on recent sales of similar properties: $530,000.
For a property with an NOI of $-16,464 per year and a market value of $530,000:
Formula: NOI / Current Market Value
$-16,464 / $530,000 = -3.1%
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: $2,856.
The estimated property value based on recent sales of similar properties: $530,000.
For a property with an NOI of $2,856 per year and a market value of $530,000:
Formula: NOI / Current Market Value
$2,856 / $530,000 = 0.5%
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 $530,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-16,464:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-16,464 / ($530,000 × 0.2 + $530,000 × 0.03) = -13.5%
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 $530,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $2,856:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$2,856 / ($530,000 × 0.2 + $530,000 × 0.03) = 3.7%
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: $54,504.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$54,504
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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