| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $339,990 |
| Down payment (20.0%) | $67,998 |
| Loan amount | $271,992 |
| Closing costs (5.0%) | $17,000 |
| Total cash to close | $84,998 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,270$27,241 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,088$25,062 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $538$6,460 |
| Insurance (placeholder 0.8% of price) | $227$2,720 |
| HOA dues | $412$4,944 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $114$1,362 |
| Total operating expenses | $1,290$15,486 |
| 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) | $114$1,362 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 4 | 3 | 1,500 | $3,890 | 2026-05-19 | — | |
| condos | 4 | 3 | 1,500 | $3,890 | — | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 6175 W 20th Ave Apt 302 | condos | 2 | 2 | 890 | $223,000 | 2026-08-26 |
| 6070 W 18th Ave Apt 306 | condos | 2 | 1 | 820 | $210,000 | 2026-08-21 |
| 1100 W 35th St Apt 4 | condos | 2 | 2 | 977 | $260,000 | 2026-08-18 |
| 1655 W 44th Pl Apt 315 | condos | 1 | 1 | 625 | $173,900 | 2026-08-04 |
| 199 W 29th St Apt 12 | condos | 2 | 1 | 771 | $185,000 | 2026-07-30 |
| 1174 W 40th St Unit 48 | condos | 2 | 2 | 1,208 | $250,000 | 2026-07-29 |
| 1805 W 56th St Apt 113 | condos | 1 | 1 | 550 | $185,000 | 2026-07-28 |
| 1910 W 56th St Apt 3219 | condos | 2 | 1 | 998 | $220,000 | 2026-07-27 |
| 4670 W 13th Ln Apt 206 | condos | 2 | 2 | 1,126 | $280,000 | 2026-07-27 |
| 6095 W 18th Ave Apt S107 | condos | 2 | 2 | 926 | $255,000 | 2026-07-23 |
| 1725 W 60th St Apt F330 | condos | 1 | 1 | 790 | $190,000 | 2026-07-15 |
| 4191 W 18 Ave Unit 4191 | condos | 2 | 2 | 1,064 | $300,000 | 2026-07-14 |
| 1159 W 40th St Unit 16 | condos | 2 | 2 | 1,208 | $295,000 | 2026-07-10 |
| 1560 W 46th St Unit 117 | condos | 2 | 2 | 940 | $235,000 | 2026-07-10 |
| 1750 W 46th St Apt 503 | condos | 2 | 2 | 1,096 | $210,000 | 2026-07-09 |
| 1279 W 51st Pl Unit B13 | condos | 2 | 2 | 1,019 | $255,000 | 2026-06-24 |
| 6675 W 4th Ave Apt 203 | condos | 2 | 2 | 760 | $202,500 | 2026-06-12 |
| 1825 W 44th Pl Apt 206 | condos | 1 | 1 | 712 | $200,000 | 2026-05-29 |
| 1990 W 56th St Apt 1203 | condos | 2 | 2 | 1,099 | $225,000 | 2026-05-28 |
| 3800 Palm Ave Apt 217 | condos | 2 | 1 | 871 | $235,000 | 2026-05-21 |
| 1750 W 46th St Apt 404 | condos | 2 | 2 | 1,096 | $260,000 | 2026-05-15 |
| 1104 W 44th St Unit 87 | condos | 5 | 4 | 2,010 | $340,000 | 2026-05-14 |
| 1280 W 54th St Apt 308B | condos | 1 | 1 | 583 | $165,000 | 2026-05-12 |
| 1350 W 53rd St Apt 24 | condos | 2 | 2 | 1,060 | $230,000 | 2026-05-07 |
| 1154 W 35th St Apt 221 | condos | 1 | 1 | 591 | $160,000 | 2026-05-07 |
| 1281 W 29th St Apt 6 | condos | 2 | 1 | 732 | $205,000 | 2026-04-28 |
| 1950 W 54th St Apt 105 | condos | 2 | 2 | 1,080 | $235,000 | 2026-04-28 |
| 1890 W 56th St Apt 1411 | condos | 3 | 2 | 1,309 | $290,000 | 2026-04-24 |
| 6190 W 19th Ave Apt 205 | condos | 2 | 2 | 980 | $240,000 | 2026-04-17 |
| 1810 W 56th St Apt 3315 | condos | 2 | 2 | 1,099 | $222,000 | 2026-04-17 |
| 1290 W 41st St Apt 203 | condos | 2 | 2 | 888 | $270,000 | 2026-04-08 |
| 1950 W 54th St Apt 313 | condos | 1 | 1 | 864 | $179,900 | 2026-03-19 |
| 6195 W 18th Ave Apt G101 | condos | 2 | 2 | 938 | $287,000 | 2026-03-16 |
| 1750 W 46th St Apt 537 | condos | 3 | 2 | 1,335 | $210,000 | 2026-03-06 |
| 1900 W 54th St Apt 213 | condos | 1 | 1 | 820 | $184,000 | 2026-03-04 |
| 4490 W 19th Ct Unit 217 | condos | 3 | 2 | 1,288 | $285,000 | 2026-03-03 |
| 1480 W 46th St Apt 203 | condos | 2 | 2 | 1,000 | $245,000 | 2026-02-27 |
| 1825 W 44th Pl Apt 1111 | condos | 2 | 2 | 978 | $166,000 | 2026-02-27 |
| 1620 W 57th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,416 | $425,000 | 2026-02-26 |
| 1095 W 40th St Unit 26 | condos | 2 | 2 | 1,208 | $270,000 | 2026-02-25 |
| 6195 W 18th Ave Apt G125 | condos | 2 | 2 | 938 | $230,000 | 2026-02-25 |
| 1350 W 53rd St Apt 33 | condos | 2 | 2 | 1,060 | $240,000 | 2026-02-25 |
| 1850 W 56th St Apt 2207 | condos | 2 | 1 | 998 | $215,000 | 2026-02-20 |
| 3639 W 11th Ave Unit 10 | condos | 2 | 2 | 1,015 | $355,000 | 2026-02-05 |
| 1255 W 49th Pl Apt H202 | condos | 1 | 1 | 516 | $175,000 | 2026-02-03 |
| 6215 W 20th Ave Apt 415 | condos | 2 | 2 | 819 | $215,000 | 2026-01-30 |
| 4525 W 20th Ave Unit 118 | condos | 2 | 2 | 1,033 | $260,000 | 2026-01-28 |
| 6125 W 20th Ave Apt 314 | condos | 2 | 2 | 900 | $200,000 | 2026-01-26 |
| 6070 W 19th Ave Apt 110 | condos | 1 | 1 | 729 | $177,000 | 2026-01-15 |
| 5625 W 17th Ave Unit 701 | condos | 2 | 2 | 1,000 | $290,000 | 2026-01-05 |
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 |
|---|---|---|---|---|---|---|
| 4730 W 8th Ave | single_family | 4 | 2 | 2,609 | $280,000 | — |
| 661 W 50th Pl | single_family | 4 | 2 | 1,574 | $579,900 | — |
| 681 W 55th Pl | single_family | 4 | 3 | 1,343 | $635,000 | — |
| 233 W 39th Pl | single_family | 4 | 3 | 1,721 | $799,999 | — |
| 1340 W 36th St | single_family | 4 | 2 | 1,680 | $625,000 | — |
| 1115 W 51st Pl | single_family | 4 | 2 | 1,991 | $779,900 | — |
| 245 W 60th St | single_family | 4 | 3 | 1,375 | $649,000 | — |
| 733 W 35th St | single_family | 4 | 1 | 1,376 | $559,900 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $350,190 | $9,576 | -$12,761 | $269,043 | $81,147 |
| 2 | $360,695 | $9,941 | -$12,430 | $265,892 | $94,804 |
| 3 | $371,516 | $10,318 | -$12,087 | $262,524 | $108,993 |
| 4 | $382,662 | $10,709 | -$11,732 | $258,925 | $123,737 |
| 5 | $394,142 | $11,114 | -$11,364 | $255,078 | $139,063 |
| 6 | $405,966 | $11,533 | -$10,983 | $250,968 | $154,998 |
| 7 | $418,145 | $11,966 | -$10,588 | $246,575 | $171,570 |
| 8 | $430,689 | $12,415 | -$10,179 | $241,881 | $188,808 |
| 9 | $443,610 | $12,880 | -$9,755 | $236,864 | $206,746 |
| 10 | $456,918 | $13,360 | -$9,315 | $231,503 | $225,415 |