| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,595,000 |
| Down payment (20.0%) | $319,000 |
| Loan amount | $1,276,000 |
| Closing costs (5.0%) | $79,750 |
| Total cash to close | $398,750 |
| Income | |
| Rent (comp-derived) | $5,300$63,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,876$58,512 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,525$30,305 |
| Insurance (placeholder 0.8% of price) | $1,063$12,760 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $265$3,180 |
| Total operating expenses | $3,854$46,245 |
| 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) | $265$3,180 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 2,540 | $3,920 | — | — | |
| single_family | 5 | 5 | 2,759 | $5,100 | 2026-08-07 | — | |
| single_family | 5 | 3 | 3,316 | $6,000 | 2026-08-15 | — | |
| single_family | 5 | 5 | 2,909 | $5,900 | 2026-08-04 | — | |
| single_family | 5 | 3 | 2,263 | $4,200 | — | — | |
| single_family | 5 | 5 | 3,017 | $5,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 4265 W 8th Ave | single_family | 5 | 4 | 2,102 | $730,000 | 2026-08-05 |
| 937 W 33rd St | single_family | 5 | 4 | 2,599 | $810,000 | 2026-07-06 |
| 5431 W 2nd Ave | single_family | 5 | 2 | 1,476 | $604,000 | 2026-06-15 |
| 766 W 36th St | single_family | 5 | 3 | 2,136 | $695,000 | 2026-06-09 |
| 3920 W 3rd Ave | single_family | 5 | 2 | 1,847 | $655,000 | 2026-05-26 |
| 3581 W 2nd Ave | single_family | 5 | 2 | 1,485 | $440,000 | 2026-05-07 |
| 4141 W 4th Ave | single_family | 5 | 3 | 2,410 | $639,000 | 2026-05-05 |
| 6120 NW 110th Ter | single_family | 5 | 3 | 1,963 | $685,000 | 2026-05-01 |
| 261 W 41st St | single_family | 5 | 3 | 3,158 | $597,700 | 2026-04-10 |
| 1317 W 61st Pl | single_family | 5 | 2 | 1,900 | $630,000 | 2026-04-09 |
| 5355 W 5th Ln | single_family | 5 | 3 | 1,929 | $645,000 | 2026-03-24 |
| 900 W 50th Pl | single_family | 5 | 3 | 1,776 | $620,000 | 2026-02-19 |
| 6520 W 8th Ln | single_family | 5 | 3 | 2,055 | $690,000 | 2025-12-15 |
| 839 W 39th Pl | single_family | 5 | 5 | 3,864 | $860,000 | 2025-10-29 |
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 |
|---|---|---|---|---|---|---|
| 700 W 51st Pl | single_family | 5 | 4 | 2,293 | $895,000 | — |
| 142 W 35th St | single_family | 5 | 2 | 1,610 | $720,000 | — |
| 340 W 55th St | single_family | 5 | 3 | 2,421 | $719,997 | — |
| 6185 W 10th Ave | single_family | 5 | 4 | 1,852 | $2,000,000 | — |
| 1450 W 37th St | single_family | 5 | 3 | 2,728 | $850,000 | — |
| 733 W 33rd St | single_family | 5 | 3 | 2,280 | $650,000 | — |
| 4210 W 6th Ave | single_family | 5 | 3 | 2,100 | $829,900 | — |
| 380 W 30th St | single_family | 5 | 3 | 2,251 | $775,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,642,850 | $12,267 | -$89,312 | $1,262,165 | $380,685 |
| 2 | $1,692,136 | $12,866 | -$88,792 | $1,247,381 | $444,755 |
| 3 | $1,742,900 | $13,489 | -$88,251 | $1,231,581 | $511,319 |
| 4 | $1,795,187 | $14,137 | -$87,687 | $1,214,696 | $580,491 |
| 5 | $1,849,042 | $14,810 | -$87,099 | $1,196,651 | $652,391 |
| 6 | $1,904,513 | $15,509 | -$86,487 | $1,177,367 | $727,146 |
| 7 | $1,961,649 | $16,236 | -$85,851 | $1,156,760 | $804,889 |
| 8 | $2,020,498 | $16,992 | -$85,187 | $1,134,736 | $885,762 |
| 9 | $2,081,113 | $17,776 | -$84,497 | $1,111,201 | $969,912 |
| 10 | $2,143,547 | $18,591 | -$83,779 | $1,086,050 | $1,057,497 |