| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $649,000 |
| Down payment (20.0%) | $129,800 |
| Loan amount | $519,200 |
| Closing costs (5.0%) | $32,450 |
| Total cash to close | $162,250 |
| Income | |
| Rent (comp-derived) | $4,000$48,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,680$44,160 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,028$12,331 |
| Insurance (placeholder 0.8% of price) | $433$5,192 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $200$2,400 |
| Total operating expenses | $1,660$19,923 |
| 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) | $200$2,400 |
| 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 | 1,404 | $3,150 | 2026-08-27 | — | |
| single_family | 4 | 2 | 1,200 | $3,250 | 2026-08-24 | — | |
| single_family | 4 | 2 | 1,663 | $3,900 | 2026-08-07 | — | |
| single_family | 4 | 2 | 1,328 | $3,600 | 2026-06-09 | — | |
| single_family | 4 | 3 | 1,440 | $6,000 | 2026-08-19 | — | |
| single_family | 4 | 2 | 1,476 | $4,600 | 2026-05-08 | — | |
| single_family | 4 | 2 | 1,459 | $4,999 | 2026-04-07 | — | |
| single_family | 4 | 2 | 1,460 | $3,300 | 2025-11-26 | — | |
| single_family | 4 | 3 | 1,260 | $4,950 | 2026-07-17 | — | |
| single_family | 4 | 3 | 1,597 | $4,950 | 2026-06-23 | — | |
| single_family | 4 | 2 | 1,290 | $3,300 | 2026-03-11 | — | |
| single_family | 4 | 2 | 1,685 | $12,000 | 2025-09-24 | — | |
| single_family | 4 | 2 | 1,800 | $4,000 | 2025-11-26 | — |
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 |
|---|---|---|---|---|---|---|
| 1120 S 28th Ave | single_family | 4 | 2 | 1,574 | $550,000 | 2026-08-28 |
| 1610 S 22nd Ave | single_family | 4 | 2 | 1,335 | $455,000 | 2026-08-26 |
| 2857 Adams St | single_family | 4 | 2 | 1,418 | $575,000 | 2026-08-14 |
| 2633 NW Taft St | single_family | 4 | 3 | 1,571 | $615,000 | 2026-08-07 |
| 2701 Scott St | single_family | 4 | 2 | 1,565 | $817,000 | 2026-07-30 |
| 2649 Scott St | single_family | 4 | 3 | 2,022 | $970,000 | 2026-07-02 |
| 2831 Monroe St | single_family | 4 | 3 | 1,594 | $584,000 | 2026-05-29 |
| 1628 Monroe St | single_family | 4 | 3 | 2,674 | $1,050,000 | 2026-05-05 |
| 1425 S 25th Ave | single_family | 4 | 2 | 1,756 | $552,000 | 2026-04-30 |
| 2708 Adams St | single_family | 4 | 2 | 1,650 | $505,000 | 2026-04-15 |
| 2815 Madison St | single_family | 4 | 2 | 1,345 | $437,000 | 2026-04-14 |
| 2631 Wilson St | single_family | 4 | 2 | 1,671 | $520,000 | 2026-03-25 |
| 2630 McKinley St | single_family | 4 | 3 | 2,640 | $595,000 | 2026-02-25 |
| 2318 Washington St | single_family | 4 | 2 | 1,463 | $445,000 | 2026-02-10 |
| 2314 N 26th Ave | single_family | 4 | 2 | 1,409 | $438,000 | 2026-01-28 |
| 1418 Jefferson St | single_family | 4 | 4 | 2,116 | $1,250,000 | 2026-01-12 |
| 1429 Rodman St | single_family | 4 | 4 | 2,513 | $810,000 | 2026-01-05 |
| 2642 Monroe St | single_family | 4 | 3 | 2,471 | $577,500 | 2025-12-26 |
| 500 N 26th Ave | single_family | 4 | 3 | 2,895 | $250,000 | 2025-12-24 |
| 2112 N 14th Ter | single_family | 4 | 2 | 1,467 | $575,000 | 2025-12-22 |
| 1623 Mayo St | single_family | 4 | 5 | 3,285 | $865,000 | 2025-12-11 |
| 2230 Farragut St | single_family | 4 | 3 | — | $499,000 | 2025-12-04 |
| 1443 Harrison St | single_family | 4 | 3 | 2,628 | $1,199,000 | 2025-11-26 |
| 2550 Adams St | single_family | 4 | 3 | 1,877 | $689,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 2327 Freedom St | single_family | 4 | 2 | 1,352 | $330,000 | — |
| 2665 Johnson St | single_family | 4 | 3 | 2,030 | $979,000 | — |
| 2619 Arthur St | single_family | 4 | 3 | 2,708 | $689,000 | — |
| 2701 Garfield St | single_family | 4 | 2 | 1,151 | $564,000 | — |
| 425 S 15th Ave | single_family | 4 | 2 | 2,156 | $765,000 | — |
| 1443 Funston St | single_family | 4 | 4 | 2,767 | $2,995,000 | — |
| 1928 Adams St | multi_family | 4 | 2 | 1,755 | $550,000 | — |
| 2442 Funston St | single_family | 4 | 2 | 1,455 | $450,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $668,470 | $24,237 | -$18,201 | $513,571 | $154,899 |
| 2 | $688,524 | $25,064 | -$17,435 | $507,555 | $180,969 |
| 3 | $709,180 | $25,918 | -$16,642 | $501,126 | $208,054 |
| 4 | $730,455 | $26,800 | -$15,823 | $494,255 | $236,200 |
| 5 | $752,369 | $27,711 | -$14,976 | $486,913 | $265,456 |
| 6 | $774,940 | $28,652 | -$14,101 | $479,067 | $295,873 |
| 7 | $798,188 | $29,625 | -$13,197 | $470,681 | $327,507 |
| 8 | $822,134 | $30,629 | -$12,262 | $461,720 | $360,414 |
| 9 | $846,798 | $31,666 | -$11,296 | $452,144 | $394,654 |
| 10 | $872,202 | $32,738 | -$10,298 | $441,910 | $430,292 |