| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $700,000 |
| Down payment (20.0%) | $140,000 |
| Loan amount | $560,000 |
| Closing costs (5.0%) | $35,000 |
| Total cash to close | $175,000 |
| Income | |
| Rent (comp-derived) | $6,000$72,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,520$66,240 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,108$13,300 |
| Insurance (placeholder 0.8% of price) | $467$5,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $300$3,600 |
| Total operating expenses | $1,875$22,500 |
| 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) | $300$3,600 |
| 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 | 4 | 2 | 1,408 | $5,000 | 2026-07-15 | — | |
| single_family | 4 | 3 | 2,741 | $6,500 | 2026-08-30 | — | |
| single_family | 4 | 3 | 2,000 | $6,000 | 2022-11-07 | — |
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 |
|---|---|---|---|---|---|---|
| 920 NW 35th Ave | single_family | 4 | 3 | 1,353 | $690,000 | 2026-07-31 |
| 1918 NW 19th Ave | single_family | 4 | 2 | 1,520 | $660,000 | 2026-07-23 |
| 1644 NW 8th Ter | single_family | 4 | 5 | 2,640 | $1,100,000 | 2026-07-10 |
| 2965 NW 1st St | single_family | 4 | 3 | 1,350 | $234,000 | 2026-06-16 |
| 1960 NW 24th Ct | single_family | 4 | 2 | 2,088 | $635,000 | 2026-06-04 |
| 421 NW 32nd Ct | single_family | 4 | 2 | 1,842 | $655,000 | 2026-05-18 |
| 830 NW 30th Ct | single_family | 4 | 2 | 1,915 | $620,000 | 2026-05-01 |
| 2091 NW 14th St | single_family | 4 | 2 | 3,588 | $1,500,000 | 2026-04-21 |
| 46 NW 24th Ct | single_family | 4 | 4 | 2,046 | $635,000 | 2026-03-31 |
| 1829 NW 31st Ave | single_family | 4 | 2 | 1,998 | $623,000 | 2026-03-23 |
| 3522 NW 5th St | single_family | 4 | 2 | 1,769 | $625,000 | 2026-03-20 |
| 3501 NW 3rd St | single_family | 4 | 2 | 1,172 | $290,000 | 2026-03-12 |
| 3508 NW 19th Ter | single_family | 4 | 2 | 1,675 | $780,000 | 2026-02-02 |
| 810 NW 24th Ct | single_family | 4 | 3 | 2,082 | $510,000 | 2026-01-30 |
| 1050 NW 30th Ave | single_family | 4 | 2 | 2,210 | $690,000 | 2025-12-10 |
| 911 NW 30th Pl | single_family | 4 | 3 | 2,477 | $599,900 | 2025-12-08 |
| 810 NW 17th Ct | single_family | 4 | 2 | 1,435 | $475,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 3536 NW 14th Ter | single_family | 4 | 3 | 1,760 | $785,000 | — |
| 1442 NW 2nd St | single_family | 4 | 2 | 1,598 | $5,000,000 | — |
| 21 NW 32nd Ct | multi_family | 4 | 2 | 1,680 | $799,999 | — |
| 1888 NW 18th St | multi_family | 4 | 2 | 1,366 | $480,000 | — |
| 112 NW 24th Ct | single_family | 4 | 3 | — | $1,200,000 | — |
| 1600 NW 29th Ave | single_family | 4 | 2 | 1,448 | $620,000 | — |
| 2323 NW 1st St | single_family | 4 | 3 | 1,950 | $679,999 | — |
| 2315 NW 3rd St | single_family | 4 | 3 | 1,976 | $1,150,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $721,000 | $43,740 | -$3,045 | $553,928 | $167,072 |
| 2 | $742,630 | $45,165 | -$1,710 | $547,440 | $195,190 |
| 3 | $764,909 | $46,635 | -$332 | $540,506 | $224,403 |
| 4 | $787,856 | $48,152 | $1,091 | $533,095 | $254,761 |
| 5 | $811,492 | $49,718 | $2,560 | $525,176 | $286,316 |
| 6 | $835,837 | $51,334 | $4,076 | $516,713 | $319,124 |
| 7 | $860,912 | $53,001 | $5,642 | $507,669 | $353,243 |
| 8 | $886,739 | $54,721 | $7,258 | $498,004 | $388,735 |
| 9 | $913,341 | $56,497 | $8,926 | $487,675 | $425,667 |
| 10 | $940,741 | $58,329 | $10,648 | $476,636 | $464,105 |