| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $219,000 |
| Down payment (20.0%) | $43,800 |
| Loan amount | $175,200 |
| Closing costs (5.0%) | $10,950 |
| Total cash to close | $54,750 |
| 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) | $347$4,161 |
| Insurance (placeholder 0.8% of price) | $146$1,752 |
| HOA dues | $456$5,472 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $115$1,380 |
| Total operating expenses | $1,064$12,765 |
| 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 | $225,570 | $12,627 | -$2,264 | $173,300 | $52,270 |
| 2 | $232,337 | $13,070 | -$1,855 | $171,271 | $61,067 |
| 3 | $239,307 | $13,527 | -$1,433 | $169,101 | $70,206 |
| 4 | $246,486 | $14,000 | -$997 | $166,783 | $79,704 |
| 5 | $253,881 | $14,489 | -$545 | $164,305 | $89,576 |
| 6 | $261,497 | $14,994 | -$78 | $161,658 | $99,840 |
| 7 | $269,342 | $15,516 | $405 | $158,828 | $110,514 |
| 8 | $277,423 | $16,055 | $904 | $155,804 | $121,618 |
| 9 | $285,745 | $16,613 | $1,421 | $152,573 | $133,173 |
| 10 | $294,318 | $17,189 | $1,955 | $149,119 | $145,198 |