| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $204,900 |
| Down payment (20.0%) | $40,980 |
| Loan amount | $163,920 |
| Closing costs (5.0%) | $10,245 |
| Total cash to close | $51,225 |
| Income | |
| Rent (comp-derived) | $1,780$21,360 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,638$19,651 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $324$3,893 |
| Insurance (placeholder 0.8% of price) | $137$1,639 |
| HOA dues | $426$5,112 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $89$1,068 |
| Total operating expenses | $976$11,712 |
| 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) | $89$1,068 |
| 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 | 1 | 1 | 670 | $2,295 | 2025-10-04 | — | |
| apartment | 1 | 1 | 725 | $1,650 | 2026-08-14 | — | |
| condos | 1 | 1 | 540 | $1,650 | 2026-08-05 | — | |
| condos | 1 | 1 | 633 | $1,850 | 2026-07-27 | — | |
| condos | 1 | 1 | 628 | $1,800 | 2026-07-26 | — | |
| apartment | 1 | 1 | 675 | $1,760 | 2026-09-01 | — | |
| condos | 1 | 1 | 622 | $1,750 | 2026-06-25 | — | |
| condos | 1 | 1 | 519 | $1,650 | 2026-06-08 | — | |
| condos | 1 | 1 | 711 | $2,275 | 2026-08-02 | — | |
| apartment | 1 | 1 | 550 | $1,750 | 2026-03-05 | — | |
| apartment | 1 | 1 | 500 | $1,700 | 2026-08-24 | — | |
| condos | 1 | 1 | 533 | $1,700 | 2026-03-09 | — | |
| apartment | 1 | 1 | 605 | $2,209 | — | — | |
| apartment | 1 | 1 | 700 | $2,399 | — | — | |
| apartment | 1 | 1 | 674 | $2,444 | — | — | |
| apartment | 1 | 1 | 674 | $2,334 | — | — | |
| apartment | 1 | 1 | 698 | $2,367 | 2025-12-24 | — | |
| apartment | 1 | 1 | 400 | $1,500 | 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 |
|---|---|---|---|---|---|---|
| 4300 SW 67th Ave Apt 17 | condos | 1 | 1 | 572 | $216,000 | 2026-05-26 |
| 4444 SW 67th Ave Unit 6 | condos | 1 | 1 | 516 | $195,000 | 2026-03-24 |
| 6780 SW 44th St Apt 8 | condos | 1 | 1 | 518 | $180,000 | 2026-03-23 |
| 4300 SW 67th Ave Apt 21 | condos | 1 | 1 | 623 | $225,000 | 2026-02-26 |
| 3903 SW 78th Ct Apt 207 | condos | 1 | 1 | 622 | $205,000 | 2025-12-19 |
| 5301 SW 77th Ct Apt 201G | condos | 1 | 1 | 628 | $175,000 | 2025-12-17 |
| 4250 SW 67th Ave Apt 49 | condos | 1 | 1 | — | $205,000 | 2025-12-02 |
| 3855 SW 79th Ave Apt 37 | condos | 1 | 1 | 542 | $208,000 | 2025-10-09 |
| 4444 SW 67th Ave Unit 2 | condos | 1 | 1 | 482 | $210,000 | 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 |
|---|---|---|---|---|---|---|
| 3905 SW 78th Ct Apt 205 | condos | 1 | 1 | 622 | $205,000 | — |
| 3855 SW 79th Ave Apt 27 | condos | 1 | 1 | 542 | $199,999 | — |
| 4550 SW 67th Ave Unit 7 | condos | 1 | 1 | 540 | $199,999 | — |
| 4540 SW 68th Court Cir Unit 43-7 | condos | 1 | 2 | 900 | $363,000 | — |
| 7829 Miller Dr Apt B104 | condos | 1 | 1 | 760 | $209,000 | — |
| 3901 SW 78th Ct Unit 1-116 | condos | 1 | 1 | 533 | $200,000 | — |
| 3901 SW 78th Ct Apt 221 | condos | 1 | 1 | 582 | $205,000 | — |
| 4300 SW 67th Ave Apt 38 | condos | 1 | 1 | 582 | $220,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $211,047 | $7,939 | -$5,770 | $162,143 | $48,904 |
| 2 | $217,378 | $8,236 | -$5,500 | $160,244 | $57,135 |
| 3 | $223,900 | $8,543 | -$5,220 | $158,214 | $65,686 |
| 4 | $230,617 | $8,861 | -$4,930 | $156,045 | $74,572 |
| 5 | $237,535 | $9,189 | -$4,630 | $153,727 | $83,808 |
| 6 | $244,661 | $9,530 | -$4,319 | $151,250 | $93,412 |
| 7 | $252,001 | $9,882 | -$3,997 | $148,602 | $103,399 |
| 8 | $259,561 | $10,246 | -$3,664 | $145,773 | $113,788 |
| 9 | $267,348 | $10,623 | -$3,319 | $142,750 | $124,598 |
| 10 | $275,368 | $11,013 | -$2,961 | $139,519 | $135,850 |