Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $168 per day and long-term for an average of $1,689 per month, based on similar listings in the area. Estimated short-term cap rate of 3.1%. Estimated long-term cap rate of -0.3%. WELCOME TO THIS BEAUTIFUL 4 BEDROOM, 2 FULL BATH HOME WITH REFRIGERATED AIR AND NO CARPETS! THE KITCHEN APPLIANCES ARE INCLUDED, AND THE HOME IS CONVENIENTLY LOCATED CLOSE TO SHOPPING MALLS, RESTAURANTS, AND PARKS. ENJOY THE EASE OF A SINGLE-STORY LIVING IN THIS LOVELY PROPERTY. DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY!
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $6389 |
Bedrooms | 4 |
Bathrooms | 2 |
SQFT | 1,546 |
Furnished | unknown |
Year built | 2004 |
Listing Status | Off Market |
MLS | 904256 |
Interest rate
Let’s analyze a 30-year fixed-rate mortgage for $229,000 at today’s interest rate of 0.07%.
The initial loan size, equal to your condo price: $229,000.
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: $0.
Yearly taxes of $6389, divided by 12 for a monthly estimate.
Combining principal, interest, payments, HOA fees, and taxes, your approximate yearly mortgage expenses are $21,012.
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: $-744.
The estimated property value based on recent sales of similar properties: $229,000.
For a property with an NOI of $-744 per year and a market value of $229,000:
Formula: NOI / Current Market Value
$-744 / $229,000 = -0.3%
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: $7,212.
The estimated property value based on recent sales of similar properties: $229,000.
For a property with an NOI of $7,212 per year and a market value of $229,000:
Formula: NOI / Current Market Value
$7,212 / $229,000 = 3.1%
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 $229,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $-744:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$-744 / ($229,000 × 0.2 + $229,000 × 0.03) = -1.4%
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 $229,000 with a 20% down payment and 3% closing costs, and an annual pre-tax cash flow of $7,212:
Formula: Annual Pre-Tax Cash Flow / Total Cash Invested
$7,212 / ($229,000 × 0.2 + $229,000 × 0.03) = 15.4%
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: $28,224.
Using the rented days, daily rental rate, and applicable fees, your potential yearly revenue is approximately:
$28,224
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.
316 Properties Comparable listings
$1,500/mo
Dist: 0.07 mi
4
2
1509 sqft
$1,500/mo
Dist: 0.08 mi
4
2
1360 sqft
$1,635/mo
Dist: 0.1 mi
4
2
1594 sqft
$1,500/mo
Dist: 0.13 mi
4
2
1406 sqft
$2,300/mo
Dist: 0.17 mi
4
2
1415 sqft
$1,759/mo
Dist: 0.17 mi
4
2
1740 sqft
$1,600/mo
Dist: 0.18 mi
4
2
1378 sqft
$1,600/mo
Dist: 0.18 mi
4
2
1378 sqft
$1,675/mo
Dist: 0.26 mi
4
2
1450 sqft
$1,700/mo
Dist: 0.28 mi
4
2
1322 sqft
$1,350/mo
Dist: 0.3 mi
4
2
1377 sqft
$1,650/mo
Dist: 0.3 mi
4
2
1622 sqft
$1,650/mo
Dist: 0.31 mi
4
2
1450 sqft
$1,750/mo
Dist: 0.35 mi
4
2
1444 sqft
$1,500/mo
Dist: 0.37 mi
4
2
1374 sqft
$1,500/mo
Dist: 0.37 mi
4
2
1374 sqft
$1,625/mo
Dist: 0.42 mi
4
2
1393 sqft
$1,625/mo
Dist: 0.42 mi
4
2
1393 sqft
$1,550/mo
Dist: 0.48 mi
4
2
1343 sqft
$1,550/mo
Dist: 0.48 mi
4
2
1343 sqft
$1,650/mo
Dist: 0.48 mi
4
2
1469 sqft
$1,525/mo
Dist: 0.51 mi
4
2
1322 sqft
$1,550/mo
Dist: 0.57 mi
4
2
1360 sqft
$1,520/mo
Dist: 0.62 mi
4
2
1503 sqft
$1,285/mo
Dist: 0.68 mi
4
2
1315 sqft
$1,750/mo
Dist: 0.93 mi
4
2
1624 sqft
$1,750/mo
Dist: 0.93 mi
4
2
1624 sqft
$1,695/mo
Dist: 0.97 mi
4
2
1552 sqft
$1,695/mo
Dist: 1.1 mi
4
2
1637 sqft
$1,695/mo
Dist: 1.1 mi
4
2
1637 sqft
$1,735/mo
Dist: 1.12 mi
4
2
1672 sqft
$1,800/mo
Dist: 1.12 mi
4
2
1746 sqft
$1,800/mo
Dist: 1.14 mi
4
2
1746 sqft
$1,725/mo
Dist: 1.32 mi
4
2
1504 sqft
$1,725/mo
Dist: 1.32 mi
4
2
1504 sqft
$1,595/mo
Dist: 1.33 mi
4
2
1569 sqft
$1,595/mo
Dist: 1.33 mi
4
2
1569 sqft
$1,800/mo
Dist: 1.36 mi
4
2
1707 sqft
$1,535/mo
Dist: 1.4 mi
4
2
1705 sqft
$1,895/mo
Dist: 1.54 mi
4
2
1707 sqft
$1,550/mo
Dist: 1.58 mi
4
2
1367 sqft
$1,550/mo
Dist: 1.58 mi
4
2
1379 sqft
$1,700/mo
Dist: 1.61 mi
4
2
1687 sqft
$1,625/mo
Dist: 1.61 mi
4
2
1729 sqft
$1,975/mo
Dist: 1.64 mi
4
2
1768 sqft
$1,975/mo
Dist: 1.64 mi
4
2
1768 sqft
$1,750/mo
Dist: 1.72 mi
4
2
1552 sqft
$1,800/mo
Dist: 1.83 mi
4
2
1397 sqft
$1,600/mo
Dist: 1.83 mi
4
2
1594 sqft
$1,495/mo
Dist: 1.94 mi
4
2
1470 sqft
$1,835/mo
Dist: 1.98 mi
4
2
1460 sqft
$1,645/mo
Dist: 2.04 mi
4
2
1373 sqft
$1,695/mo
Dist: 2.04 mi
4
2
1714 sqft
$1,600/mo
Dist: 2.09 mi
4
2
1760 sqft
$1,685/mo
Dist: 2.12 mi
4
2
1529 sqft
$1,850/mo
Dist: 2.14 mi
4
2
1602 sqft
$1,750/mo
Dist: 2.17 mi
4
2
1414 sqft
$1,750/mo
Dist: 2.17 mi
4
2
1414 sqft
$1,800/mo
Dist: 2.17 mi
4
2
1692 sqft
$1,650/mo
Dist: 2.2 mi
4
2
1535 sqft
$1,650/mo
Dist: 2.2 mi
4
2
1535 sqft
$1,695/mo
Dist: 2.22 mi
4
2
1626 sqft
$1,695/mo
Dist: 2.22 mi
4
2
1626 sqft
$1,795/mo
Dist: 2.26 mi
4
2
1593 sqft
$2,150/mo
Dist: 2.26 mi
4
2
1657 sqft
$1,600/mo
Dist: 2.27 mi
4
2
1494 sqft
$1,750/mo
Dist: 2.29 mi
4
2
1518 sqft
$1,420/mo
Dist: 2.29 mi
4
2
1558 sqft
$1,650/mo
Dist: 2.29 mi
4
2
1558 sqft
$1,700/mo
Dist: 2.3 mi
4
2
1411 sqft
$1,550/mo
Dist: 2.3 mi
4
2
1416 sqft
$1,450/mo
Dist: 2.3 mi
4
2
1456 sqft
$1,650/mo
Dist: 2.3 mi
4
2
1558 sqft
$1,750/mo
Dist: 2.3 mi
4
2
1665 sqft
$1,735/mo
Dist: 2.31 mi
4
2
1411 sqft
$1,835/mo
Dist: 2.31 mi
4
2
1451 sqft
$1,950/mo
Dist: 2.34 mi
4
2
1644 sqft
$1,600/mo
Dist: 2.38 mi
4
2
1503 sqft
$2,000/mo
Dist: 2.38 mi
4
2
1577 sqft
$2,000/mo
Dist: 2.4 mi
4
2
1699 sqft
$2,000/mo
Dist: 2.4 mi
4
2
1699 sqft
$1,735/mo
Dist: 2.44 mi
4
2
1605 sqft
$1,800/mo
Dist: 2.45 mi
4
2
1749 sqft
$1,800/mo
Dist: 2.45 mi
4
2
1749 sqft
$1,450/mo
Dist: 2.47 mi
4
2
1334 sqft
$1,500/mo
Dist: 2.47 mi
4
2
1334 sqft
$1,500/mo
Dist: 2.47 mi
4
2
1521 sqft
$1,525/mo
Dist: 2.49 mi
4
2
1348 sqft
$1,525/mo
Dist: 2.49 mi
4
2
1348 sqft
$1,735/mo
Dist: 2.49 mi
4
2
1595 sqft
$1,650/mo
Dist: 2.5 mi
4
2
1373 sqft
$1,750/mo
Dist: 2.55 mi
4
2
1670 sqft
$1,600/mo
Dist: 2.57 mi
4
2
1373 sqft
$2,150/mo
Dist: 2.6 mi
4
2
1694 sqft
$1,775/mo
Dist: 2.61 mi
4
2
1577 sqft
$1,850/mo
Dist: 2.61 mi
4
2
1577 sqft
$1,500/mo
Dist: 2.63 mi
4
2
1358 sqft
$1,800/mo
Dist: 2.64 mi
4
2
1488 sqft
$1,800/mo
Dist: 2.64 mi
4
2
1488 sqft
$1,685/mo
Dist: 2.65 mi
4
2
1438 sqft