| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,855,000 |
| Down payment (20.0%) | $371,000 |
| Loan amount | $1,484,000 |
| Closing costs (5.0%) | $92,750 |
| Total cash to close | $463,750 |
| Income | |
| Rent (comp-derived) | $10,785$129,420 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,922$119,066 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,937$35,245 |
| Insurance (placeholder 0.8% of price) | $1,237$14,840 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $539$6,471 |
| Total operating expenses | $4,713$56,556 |
| 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) | $539$6,471 |
| 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 | 4 | 3,086 | $16,500 | 2026-06-21 | — | |
| single_family | 4 | 3 | 2,171 | $11,000 | 2026-06-11 | — | |
| single_family | 4 | 4 | 2,192 | $11,500 | 2026-08-27 | — | |
| single_family | 4 | 3 | 2,438 | $10,785 | 2025-06-19 | — | |
| single_family | 4 | 3 | 2,832 | $7,900 | — | — | |
| single_family | 4 | 4 | 1,978 | $9,900 | — | — | |
| single_family | 4 | 3 | 2,249 | $3,500 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 111 NE 50th St | single_family | 4 | 2 | 1,704 | $1,100,000 | 2026-08-14 |
| 4160 Bay Point Rd | single_family | 4 | 4 | 3,114 | $3,650,000 | 2026-07-31 |
| 560 Sabal Palm Rd | single_family | 4 | 3 | 2,837 | $4,800,000 | 2026-07-28 |
| 530 Sabal Palm Rd | single_family | 4 | 4 | 3,543 | $4,750,000 | 2026-07-08 |
| 761 Buttonwood Ln | single_family | 4 | 4 | 7,237 | $17,150,000 | 2026-05-18 |
| 5600 N Bayshore Dr | single_family | 4 | 4 | 3,421 | $3,600,000 | 2026-05-11 |
| 4403 Palm Ln | single_family | 4 | 5 | 4,206 | $10,250,000 | 2026-04-15 |
| 200 NE 48th Ter | single_family | 4 | 2 | 1,596 | $1,200,000 | 2026-04-09 |
| 492 NE 55th St | single_family | 4 | 3 | 1,932 | $1,825,000 | 2026-03-31 |
| 671 NE 57th St | single_family | 4 | 4 | 3,077 | $2,875,000 | 2026-03-18 |
| 670 NE 58th St | single_family | 4 | 3 | 2,190 | $2,090,000 | 2026-03-17 |
| 628 NE 59th St | single_family | 4 | 4 | 2,672 | $3,250,000 | 2026-02-19 |
| 69 NE 50th Ter | single_family | 4 | 4 | 2,865 | $825,000 | 2026-01-12 |
| 501 NE 51st St | single_family | 4 | 4 | 2,696 | $2,850,000 | 2025-12-16 |
| 545 NE 55th Ter | single_family | 4 | 6 | 3,741 | $3,550,000 | 2025-12-11 |
| 60 NE 50th Ter | single_family | 4 | 3 | 2,011 | $1,200,000 | 2025-11-05 |
| 5725 N Bayshore Dr | single_family | 4 | 5 | 3,848 | $16,000,000 | 2025-09-08 |
| 177 NE 44th St | single_family | 4 | 2 | 2,080 | $1,512,500 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 121 NE 34th St Ph 3217 | condos | 4 | 5 | 2,866 | $2,499,000 | — |
| 725 NE 24th St Unit 301 | condos | 4 | 6 | — | $2,498,900 | — |
| 480 NE 31st St Unit 5104 | condos | 4 | 5 | 2,792 | $3,295,000 | — |
| 456 NE 29th ST | condo | 4 | 4 | 3,063 | $3,554,000 | — |
| 480 NE 31st St Unit 5303 | condos | 4 | 5 | 2,418 | $2,999,990 | — |
| 621 NE 57th St | single_family | 4 | 4 | 2,633 | $2,000,000 | — |
| 700 NE 26th Ter Unit 4403 | condos | 4 | 6 | 3,788 | $4,988,888 | — |
| 725 NE 24th Street Miami, FL 33137 | condo | 4 | 5 | 2,880 | $2,836,900 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,910,650 | $62,510 | -$58,400 | $1,467,910 | $442,740 |
| 2 | $1,967,970 | $64,668 | -$56,403 | $1,450,715 | $517,254 |
| 3 | $2,027,009 | $66,898 | -$54,339 | $1,432,340 | $594,669 |
| 4 | $2,087,819 | $69,202 | -$52,205 | $1,412,703 | $675,116 |
| 5 | $2,150,453 | $71,583 | -$49,999 | $1,391,717 | $758,737 |
| 6 | $2,214,967 | $74,043 | -$47,718 | $1,369,290 | $845,677 |
| 7 | $2,281,416 | $76,584 | -$45,359 | $1,345,323 | $936,093 |
| 8 | $2,349,859 | $79,209 | -$42,922 | $1,319,710 | $1,030,149 |
| 9 | $2,420,354 | $81,922 | -$40,401 | $1,292,338 | $1,128,016 |
| 10 | $2,492,965 | $84,724 | -$37,796 | $1,263,087 | $1,229,878 |