| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,000,000 |
| Down payment (20.0%) | $400,000 |
| Loan amount | $1,600,000 |
| Closing costs (5.0%) | $100,000 |
| Total cash to close | $500,000 |
| Income | |
| Rent (comp-derived) | $4,900$58,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,508$54,096 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,167$38,000 |
| Insurance (placeholder 0.8% of price) | $1,333$16,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $245$2,940 |
| Total operating expenses | $4,745$56,940 |
| 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) | $245$2,940 |
| 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 | 4 | 1,769 | $5,450 | — | — | |
| single_family | 5 | 2 | 1,750 | $4,900 | 2026-07-01 | — | |
| single_family | 5 | 3 | 2,263 | $4,200 | — | — |
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 | — |
| 6265 W 10th Ave | single_family | 5 | 4 | 3,315 | $1,595,000 | — |
| 340 W 55th St | single_family | 5 | 3 | 2,421 | $719,997 | — |
| 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 | $2,060,000 | -$2,844 | -$129,168 | $1,582,652 | $477,348 |
| 2 | $2,121,800 | -$2,645 | -$129,042 | $1,564,114 | $557,686 |
| 3 | $2,185,454 | -$2,432 | -$128,905 | $1,544,302 | $641,152 |
| 4 | $2,251,018 | -$2,206 | -$128,756 | $1,523,129 | $727,888 |
| 5 | $2,318,548 | -$1,966 | -$128,595 | $1,500,503 | $818,045 |
| 6 | $2,388,105 | -$1,710 | -$128,421 | $1,476,323 | $911,782 |
| 7 | $2,459,748 | -$1,439 | -$128,233 | $1,450,482 | $1,009,265 |
| 8 | $2,533,540 | -$1,153 | -$128,032 | $1,422,867 | $1,110,673 |
| 9 | $2,609,546 | -$849 | -$127,815 | $1,393,356 | $1,216,191 |
| 10 | $2,687,833 | -$527 | -$127,583 | $1,361,818 | $1,326,015 |