| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $245,000 |
| Down payment (20.0%) | $49,000 |
| Loan amount | $196,000 |
| Closing costs (5.0%) | $12,250 |
| Total cash to close | $61,250 |
| Income | |
| Rent (comp-derived) | $2,300$27,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,116$25,392 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $388$4,655 |
| Insurance (placeholder 0.8% of price) | $163$1,960 |
| HOA dues | $505$6,060 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $115$1,380 |
| Total operating expenses | $1,171$14,055 |
| 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) | $115$1,380 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 2 | 900 | $2,350 | 2026-08-21 | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-08-06 | — | |
| condos | 2 | 2 | 965 | $2,250 | 2026-08-04 | — | |
| condos | 2 | 2 | 965 | $2,400 | 2026-07-23 | — | |
| condos | 2 | 2 | 965 | $2,300 | 2026-07-11 | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-07-07 | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-07-01 | — | |
| condos | 2 | 2 | 901 | $2,200 | 2026-07-01 | — | |
| condos | 2 | 2 | 985 | $2,450 | 2026-06-29 | — | |
| apartment | 2 | 1 | 763 | $2,350 | 2026-06-04 | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-06-03 | — | |
| condos | 2 | 1 | 763 | $1,895 | 2026-06-01 | — | |
| condos | 2 | 1 | 763 | $2,100 | 2026-05-28 | — | |
| condos | 2 | 2 | 985 | $2,300 | 2026-04-28 | — | |
| condos | 2 | 2 | 965 | $2,300 | 2026-04-28 | — | |
| apartment | 2 | 1 | 760 | $2,100 | 2026-08-04 | — | |
| apartment | 2 | 1 | 760 | $2,100 | 2026-08-03 | — | |
| condos | 2 | 2 | 965 | $2,300 | 2026-07-28 | — | |
| condos | 2 | 2 | 945 | $2,000 | 2026-04-16 | — | |
| condos | 2 | 2 | 985 | $2,300 | 2026-04-15 | — | |
| apartment | 2 | 1 | 990 | $2,475 | — | — | |
| apartment | 2 | 2 | 985 | $2,400 | 2026-08-28 | — | |
| condos | 2 | 2 | 985 | $2,300 | 2026-08-26 | — | |
| apartment | 2 | 1 | 990 | $2,565 | — | — | |
| apartment | 2 | 1 | 990 | $2,465 | — | — | |
| condos | 2 | 2 | 965 | $2,200 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 8600 SW 109th Ave Unit 4-224 | condos | 2 | 3 | 1,140 | $265,000 | 2026-08-03 |
| 8415 SW 107th Ave Apt 146W | condos | 2 | 2 | 985 | $235,000 | 2026-07-10 |
| 8500 SW 109th Ave Unit 6-118 | condos | 2 | 2 | 945 | $236,000 | 2026-06-16 |
| 7226 SW 94th Pl Apt F7 | condos | 2 | 2 | 763 | $234,000 | 2026-05-22 |
| 9453 SW 76th St Apt S2 | condos | 2 | 2 | 936 | $235,000 | 2026-05-18 |
| 8025 SW 107th Ave Apt 213 | condos | 2 | 2 | 965 | $270,000 | 2026-05-14 |
| 8015 SW 107th Ave Apt 313 | condos | 2 | 2 | 965 | $260,000 | 2026-05-08 |
| 8401 SW 107th Ave Apt 111E | condos | 2 | 2 | 1,235 | $300,000 | 2026-04-24 |
| 8600 SW 109th Ave Unit 4-101 | condos | 2 | 2 | 1,140 | $250,000 | 2026-04-15 |
| 8045 SW 107th Ave Apt 303 | condos | 2 | 2 | 965 | $285,000 | 2026-03-30 |
| 7220 SW 94th Pl Apt G4 | condos | 2 | 2 | 763 | $215,000 | 2026-03-26 |
| 8075 SW 107th Ave Apt 210 | condos | 2 | 2 | 965 | $280,000 | 2026-03-11 |
| 8065 SW 107th Ave Apt 113 | condos | 2 | 2 | 965 | $265,000 | 2026-02-19 |
| 8415 SW 107th Ave Apt 270W | condos | 2 | 2 | 985 | $204,500 | 2026-02-02 |
| 8015 SW 107th Ave Apt 220 | condos | 2 | 2 | 965 | $260,000 | 2026-01-09 |
| 6415 SW 116th Pl | condos | 2 | 3 | 1,310 | $299,999 | 2025-12-26 |
| 9449 SW 76th St Apt T2 | condos | 2 | 2 | 936 | $288,000 | 2025-11-07 |
| 8415 SW 107th Ave Apt 335W | condos | 2 | 2 | 985 | $250,000 | 2025-10-31 |
| 8075 SW 107th Ave Apt 320 | condos | 2 | 2 | 965 | $280,000 | 2025-10-24 |
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 |
|---|---|---|---|---|---|---|
| 7024 SW 114th Pl Unit A52 | townhomes | 2 | 3 | 1,330 | $385,000 | — |
| 9429 SW 76th St Apt W25 | condos | 2 | 2 | 1,262 | $279,000 | — |
| 6201 SW 116th Pl Apt D | condos | 2 | 2 | 1,340 | $375,000 | — |
| 9449 SW 76th St Apt T5 | condos | 2 | 1 | 878 | $265,000 | — |
| 6231 SW 116th Pl Apt A | condos | 2 | 2 | 1,330 | $325,000 | — |
| 8500 SW 109th Ave Unit 6-220 | condos | 2 | 3 | 1,140 | $249,900 | — |
| 8415 SW 107th Ave Apt 303W | condos | 2 | 2 | 985 | $285,000 | — |
| 8886 SW 62nd Ter Unit 8A | townhomes | 2 | 3 | 1,780 | $625,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $252,350 | $11,337 | -$5,158 | $193,875 | $58,475 |
| 2 | $259,921 | $11,747 | -$4,782 | $191,604 | $68,317 |
| 3 | $267,718 | $12,172 | -$4,393 | $189,177 | $78,541 |
| 4 | $275,750 | $12,611 | -$3,990 | $186,583 | $89,166 |
| 5 | $284,022 | $13,065 | -$3,573 | $183,812 | $100,211 |
| 6 | $292,543 | $13,534 | -$3,142 | $180,849 | $111,693 |
| 7 | $301,319 | $14,020 | -$2,695 | $177,684 | $123,635 |
| 8 | $310,359 | $14,522 | -$2,233 | $174,301 | $136,058 |
| 9 | $319,669 | $15,041 | -$1,755 | $170,686 | $148,983 |
| 10 | $329,260 | $15,578 | -$1,260 | $166,823 | $162,437 |