| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $674,900 |
| Down payment (20.0%) | $134,980 |
| Loan amount | $539,920 |
| Closing costs (5.0%) | $33,745 |
| Total cash to close | $168,725 |
| Income | |
| Rent (estimate) | $5,479$65,753 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,041$60,493 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,069$12,823 |
| Insurance (placeholder 0.8% of price) | $450$5,399 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $274$3,288 |
| Total operating expenses | $1,793$21,510 |
| 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) | $274$3,288 |
| 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 |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 254 NW 50th St | multi_family | 4 | 2 | 1,876 | $600,000 | 2026-07-21 |
| 5620 NW 3rd Ave | multi_family | 4 | 2 | 1,392 | $520,000 | 2026-07-20 |
| 1171 NW 58th Ter | multi_family | 4 | 2 | 1,458 | $480,000 | 2026-07-08 |
| 166 NW 41st St | multi_family | 4 | — | 1,248 | $1,200,000 | 2026-07-06 |
| 599 NW 33rd St | multi_family | 4 | 4 | 2,241 | $1,200,000 | 2026-07-06 |
| 1028 NW 24th St | multi_family | 4 | 2 | 1,540 | $520,000 | 2026-06-17 |
| 444 NW 33rd St | multi_family | 4 | 3 | 1,488 | $25,000,000 | 2026-06-16 |
| 4400 NW 1st Ave | multi_family | 4 | 2 | 1,690 | $1,195,000 | 2026-06-08 |
| 100 NW 52nd St | multi_family | 4 | 2 | 1,800 | $300,000 | 2026-04-22 |
| 1019 NW 26th St | multi_family | 4 | 2 | 1,518 | $730,300 | 2026-03-31 |
| 5035 NW 5th Ave | multi_family | 4 | 2 | 1,690 | $1,000,000 | 2026-03-18 |
| 520 NW 49th St | multi_family | 4 | 1 | 2,230 | $1,200,000 | 2026-03-17 |
| 4543 N Miami Ave | multi_family | 4 | 3 | 2,160 | $2,200,000 | 2026-03-16 |
| 1184 NW 30th St | multi_family | 4 | 1 | 2,374 | $439,900 | 2026-03-09 |
| 5538 NW Miami Ct | multi_family | 4 | 2 | 1,115 | $390,000 | 2025-11-24 |
| 5720 NW 3rd Ave | multi_family | 4 | 2 | 1,690 | $605,000 | 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 |
|---|---|---|---|---|---|---|
| 4746 NW 10th Ave | single_family | 4 | 4 | 2,252 | $925,000 | — |
| 347 NW 42nd St | single_family | 4 | 1 | 1,038 | $589,700 | — |
| 171 NW 47th St | multi_family | 4 | 2 | 1,540 | $1,099,999 | — |
| 1027 NW 29th St | multi_family | 4 | 3 | 1,165 | $1,495,000 | — |
| 1000 NW 39th St | multi_family | 4 | 3 | 1,904 | $850,000 | — |
| 4122 NW 11th Pl | single_family | 4 | 3 | 1,366 | $599,900 | — |
| 790 NW 56th St | multi_family | 4 | 2 | 1,572 | $510,000 | — |
| 1157 NW 45th St | single_family | 4 | 2 | 1,664 | $625,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $695,147 | $38,983 | -$5,941 | $534,066 | $161,081 |
| 2 | $716,001 | $40,260 | -$4,746 | $527,810 | $188,191 |
| 3 | $737,481 | $41,578 | -$3,512 | $521,125 | $216,357 |
| 4 | $759,606 | $42,938 | -$2,238 | $513,980 | $245,626 |
| 5 | $782,394 | $44,342 | -$923 | $506,345 | $276,049 |
| 6 | $805,866 | $45,791 | $436 | $498,185 | $307,681 |
| 7 | $830,042 | $47,287 | $1,838 | $489,465 | $340,577 |
| 8 | $854,943 | $48,830 | $3,286 | $480,147 | $374,797 |
| 9 | $880,591 | $50,423 | $4,781 | $470,188 | $410,403 |
| 10 | $907,009 | $52,067 | $6,325 | $459,546 | $447,464 |