| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $614,999 |
| Down payment (20.0%) | $123,000 |
| Loan amount | $491,999 |
| Closing costs (5.0%) | $30,750 |
| Total cash to close | $153,750 |
| Income | |
| Rent (comp-derived) | $2,600$31,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,392$28,704 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $974$11,685 |
| Insurance (placeholder 0.8% of price) | $410$4,920 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $130$1,560 |
| Total operating expenses | $1,514$18,165 |
| 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) | $130$1,560 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 1 | 1,492 | $2,500 | 2026-04-10 | — | |
| single_family | 2 | 1 | 1,460 | $2,600 | 2026-03-10 | — | |
| single_family | 2 | 1 | 720 | $3,600 | 2026-08-05 | — |
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 |
|---|---|---|---|---|---|---|
| 690 E 46th St | single_family | 2 | 1 | 720 | $495,000 | 2026-08-27 |
| 521 E 33rd St | single_family | 2 | 1 | 810 | $549,900 | 2026-08-26 |
| 4925 E 9th Ct | single_family | 2 | 1 | 1,875 | $560,000 | 2026-07-22 |
| 4795 E 8th Ct | single_family | 2 | 1 | 1,537 | $415,000 | 2026-06-26 |
| 380 E 56th St | single_family | 2 | 1 | 1,131 | $515,000 | 2026-06-09 |
| 26 E 45th St | single_family | 2 | 1 | 1,462 | $600,000 | 2026-05-27 |
| 800 E 19th St | single_family | 2 | 1 | 832 | $650,000 | 2026-05-15 |
| 190 E 45th St | single_family | 2 | 1 | 1,835 | $640,000 | 2026-04-02 |
| 463 E 61st St | single_family | 2 | 1 | 940 | $525,000 | 2026-04-02 |
| 4150 E 9th Ct | single_family | 2 | 1 | 1,472 | $550,000 | 2026-03-26 |
| 466 E 62nd St | single_family | 2 | 1 | 1,118 | $545,000 | 2026-03-16 |
| 310 E 44th St | single_family | 2 | 1 | 1,528 | $330,000 | 2026-03-02 |
| 282 E 55th St | single_family | 2 | 1 | 1,235 | $390,000 | 2026-02-16 |
| 471 E 60th St | single_family | 2 | 1 | 1,916 | $415,000 | 2026-01-15 |
| 509 E 21st St | single_family | 2 | 2 | 728 | $325,000 | 2025-12-24 |
| 277 E 63rd St | single_family | 2 | 2 | 1,327 | $530,000 | 2025-12-16 |
| 551 E 63rd St | single_family | 2 | 1 | 1,207 | $347,500 | 2025-11-05 |
| 510 E 49th St | single_family | 2 | 1 | 2,048 | $750,000 | 2025-10-06 |
| 725 E 19th St | single_family | 2 | 1 | 780 | $440,000 | 2025-09-26 |
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 |
|---|---|---|---|---|---|---|
| 363 E 62nd St | single_family | 2 | 1 | 1,098 | $549,950 | — |
| 890 E 52nd St | single_family | 2 | 1 | 1,080 | $395,000 | — |
| 651 E 48th St | single_family | 2 | 1 | 720 | $525,000 | — |
| 690 E 46th St | single_family | 2 | 1 | 720 | $575,000 | — |
| 782 E 37th St | single_family | 2 | 1 | 825 | $999,999 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $633,449 | $10,539 | -$28,962 | $486,665 | $146,784 |
| 2 | $652,452 | $10,946 | -$28,594 | $480,964 | $171,488 |
| 3 | $672,026 | $11,368 | -$28,212 | $474,872 | $197,154 |
| 4 | $692,187 | $11,804 | -$27,817 | $468,361 | $223,825 |
| 5 | $712,952 | $12,256 | -$27,407 | $461,404 | $251,549 |
| 6 | $734,341 | $12,724 | -$26,982 | $453,968 | $280,372 |
| 7 | $756,371 | $13,208 | -$26,541 | $446,023 | $310,349 |
| 8 | $779,062 | $13,710 | -$26,085 | $437,531 | $341,531 |
| 9 | $802,434 | $14,229 | -$25,612 | $428,456 | $373,978 |
| 10 | $826,507 | $14,767 | -$25,122 | $418,758 | $407,749 |