| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $239,000 |
| Down payment (20.0%) | $47,800 |
| Loan amount | $191,200 |
| Closing costs (5.0%) | $11,950 |
| Total cash to close | $59,750 |
| Income | |
| Rent (comp-derived) | $1,900$22,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,748$20,976 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $198$2,375 |
| Insurance (placeholder 0.8% of price) | $159$1,912 |
| HOA dues | $284$3,408 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $95$1,140 |
| Total operating expenses | $736$8,835 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $95$1,140 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 1 | 1 | 583 | $1,750 | 2026-08-19 | — | |
| apartment | 1 | 1 | 635 | $1,995 | 2024-11-28 | — | |
| condos | 1 | 1 | 848 | $1,750 | 2026-08-18 | — | |
| condos | 1 | 1 | 583 | $1,975 | 2026-08-15 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-08-11 | — | |
| apartment | 1 | 1 | 623 | $1,900 | 2024-12-11 | — | |
| apartment | 1 | 1 | 848 | $1,800 | 2026-08-07 | — | |
| condos | 1 | 1 | 849 | $1,900 | 2026-08-06 | — | |
| condos | 1 | 1 | 849 | $1,975 | 2026-07-24 | — | |
| condos | 1 | 1 | 676 | $1,900 | 2026-07-21 | — | |
| apartment | 1 | 2 | 800 | $1,900 | 2026-07-20 | — | |
| condos | 1 | 1 | 583 | $1,695 | 2026-07-15 | — | |
| condos | 1 | 1 | 583 | $1,850 | 2026-07-13 | — | |
| condos | 1 | 1 | 848 | $1,700 | 2026-07-13 | — | |
| condos | 1 | 1 | 583 | $1,700 | 2026-07-08 | — | |
| condos | 1 | 1 | 689 | $1,900 | 2026-06-24 | — | |
| condos | 1 | 1 | 500 | $2,000 | 2026-06-18 | — | |
| condos | 1 | 1 | 796 | $1,800 | 2026-06-17 | — | |
| condos | 1 | 1 | 796 | $2,000 | 2026-08-04 | — | |
| condos | 1 | 1 | 760 | $1,300 | 2026-08-04 | — | |
| condos | 1 | 1 | 721 | $2,000 | 2026-08-28 | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 831 | $2,542 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 635 | $1,995 | — | — | |
| apartment | 1 | 1 | 831 | $2,207 | — | — | |
| apartment | 1 | 1 | 831 | $2,542 | — | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 8000 SW 149th Ave Apt A107 | condos | 1 | 1 | 511 | $200,000 | 2026-07-28 |
| 14921 SW 82nd Ter Unit 3-201 | condos | 1 | 2 | 888 | $215,000 | 2026-05-18 |
| 15500 SW 80th St Unit A105 | condos | 1 | 1 | 689 | $220,000 | 2026-05-15 |
| 14901 SW 80th St Apt 211 | condos | 1 | 1 | 700 | $213,000 | 2026-02-19 |
| 15650 SW 80th St Unit F201 | condos | 1 | 1 | 689 | $205,000 | 2025-10-11 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 8255 SW 152nd Ave Unit E403 | condos | 1 | 1 | — | $190,000 | — |
| 8205 SW 152nd Ave Unit F105 | condos | 1 | 1 | 849 | $199,000 | — |
| 8305 SW 152nd Ave Unit A404 | condos | 1 | 1 | 796 | $198,000 | — |
| 15241 SW 80th St Apt 207 | condos | 1 | 1 | 676 | $217,999 | — |
| 15650 SW 80th St Unit F208 | condos | 1 | 1 | 689 | $221,000 | — |
| 8205 SW 152nd Ave Unit F212 | condos | 1 | 1 | 796 | $180,000 | — |
| 8215 SW 152nd Ave Unit G205 | condos | 1 | 1 | 796 | $180,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $246,170 | $12,141 | -$3,743 | $189,127 | $57,043 |
| 2 | $253,555 | $12,549 | -$3,363 | $186,912 | $66,643 |
| 3 | $261,162 | $12,971 | -$2,971 | $184,544 | $76,618 |
| 4 | $268,997 | $13,407 | -$2,565 | $182,014 | $86,983 |
| 5 | $277,067 | $13,856 | -$2,146 | $179,310 | $97,756 |
| 6 | $285,379 | $14,321 | -$1,713 | $176,421 | $108,958 |
| 7 | $293,940 | $14,801 | -$1,266 | $173,333 | $120,607 |
| 8 | $302,758 | $15,296 | -$804 | $170,033 | $132,725 |
| 9 | $311,841 | $15,807 | -$326 | $166,506 | $145,334 |
| 10 | $321,196 | $16,335 | $167 | $162,738 | $158,458 |