| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $335,000 |
| Down payment (20.0%) | $67,000 |
| Loan amount | $268,000 |
| Closing costs (5.0%) | $16,750 |
| Total cash to close | $83,750 |
| Income | |
| Rent (comp-derived) | $2,675$32,100 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,461$29,532 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $530$6,365 |
| Insurance (placeholder 0.8% of price) | $223$2,680 |
| HOA dues | $51$612 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $134$1,605 |
| Total operating expenses | $939$11,262 |
| 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) | $134$1,605 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,109 | $2,300 | 2026-08-21 | — | |
| condos | 3 | 2 | 1,114 | $2,550 | 2026-08-05 | — | |
| condos | 3 | 2 | 1,109 | $3,000 | 2026-08-31 | — | |
| condos | 3 | 2 | 1,110 | $2,800 | 2026-08-03 | — |
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 |
|---|---|---|---|---|---|---|
| 5416 SW 138th Ave | condo_townhome_rowhome_coop | 3 | 1 | 970 | $315,000 | 2026-08-28 |
| 12253 SW 16th Ter Apt 101 | condos | 3 | 3 | 1,420 | $295,000 | 2026-08-18 |
| 11780 SW 18th St Unit 230-2 | condos | 3 | 2 | — | $285,000 | 2026-06-25 |
| 12800 SW 43rd Dr Apt 210B | condos | 3 | 1 | 952 | $265,000 | 2026-06-19 |
| 13959 SW 44th Lane Cir # 621 | condo | 3 | 2 | 1,181 | $375,800 | 2026-06-01 |
| 12235 SW 17th Ln Apt 108 | condo | 3 | 2 | 1,420 | $260,000 | 2026-05-18 |
| 12850 SW 43rd Dr Apt 250B | condos | 3 | 1 | 952 | $262,000 | 2026-05-12 |
| 11780 SW 18th St Unit 528-2 | condos | 3 | 2 | 1,114 | $270,000 | 2026-04-21 |
| 12840 SW 43rd Dr Unit 283B | condos | 3 | 1 | 952 | $230,000 | 2026-04-09 |
| 12241 SW 24th Ter # 39 | condo | 3 | 2 | 1,200 | $419,000 | 2026-03-27 |
| 13006 SW 51st St | condo_townhome_rowhome_coop | 3 | 2 | 1,015 | $515,000 | 2026-03-27 |
| 12801 SW 43rd Dr Apt 201A | condos | 3 | 1 | 952 | $299,000 | 2026-03-16 |
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 |
|---|---|---|---|---|---|---|
| 2375 SW 141st Ave | single_family | 3 | 2 | 2,351 | $685,000 | — |
| 2524 SW 122nd Ct | townhomes | 3 | 3 | 1,430 | $474,900 | — |
| 2050 SW 122nd Ave Apt 21 | condos | 3 | 2 | 1,196 | $425,000 | — |
| 12055 SW 19th Ln Unit 227 | condos | 3 | 3 | 1,716 | $499,999 | — |
| 4874 SW 142nd Pl | single_family | 3 | 2 | 1,661 | $650,000 | — |
| 14261 SW 28th St | single_family | 3 | 3 | 1,840 | $725,000 | — |
| 4309 SW 129th Ave | townhomes | 3 | 2 | 1,250 | $520,000 | — |
| 12330 SW 39th Ter | single_family | 3 | 2 | 1,689 | $799,999 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $345,050 | $18,270 | -$4,002 | $265,094 | $79,956 |
| 2 | $355,402 | $18,874 | -$3,438 | $261,989 | $93,412 |
| 3 | $366,064 | $19,498 | -$2,855 | $258,671 | $107,393 |
| 4 | $377,045 | $20,142 | -$2,253 | $255,124 | $121,921 |
| 5 | $388,357 | $20,807 | -$1,631 | $251,334 | $137,023 |
| 6 | $400,008 | $21,494 | -$989 | $247,284 | $152,723 |
| 7 | $412,008 | $22,202 | -$326 | $242,956 | $169,052 |
| 8 | $424,368 | $22,934 | $359 | $238,330 | $186,038 |
| 9 | $437,099 | $23,689 | $1,066 | $233,387 | $203,712 |
| 10 | $450,212 | $24,468 | $1,797 | $228,105 | $222,107 |