| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,450,000 |
| Down payment (20.0%) | $290,000 |
| Loan amount | $1,160,000 |
| Closing costs (5.0%) | $72,500 |
| Total cash to close | $362,500 |
| Income | |
| Rent (comp-derived) | $4,500$54,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,140$49,680 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,296$27,550 |
| Insurance (placeholder 0.8% of price) | $967$11,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $225$2,700 |
| Total operating expenses | $3,488$41,850 |
| 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) | $225$2,700 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 2 | 1,598 | $5,000 | 2026-08-11 | — | |
| single_family | 5 | 2 | 1,729 | $3,950 | 2026-07-10 | — | |
| single_family | 5 | 3 | 2,369 | $4,250 | 2023-04-07 | — | |
| single_family | 5 | 3 | 2,719 | $4,750 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3840 SW 91st Ave | single_family | 5 | 1 | 1,057 | $750,000 | 2026-08-14 |
| 3500 SW 111th Ave | single_family | 5 | 4 | 3,308 | $1,410,000 | 2026-08-11 |
| 3345 SW 109th Ct | single_family | 5 | 5 | 2,592 | $1,000,000 | 2026-08-10 |
| 2901 SW 92nd Ave | single_family | 5 | 2 | 1,704 | $680,000 | 2026-07-30 |
| 4820 SW 112th Ave | single_family | 5 | 3 | 2,564 | $806,000 | 2026-07-23 |
| 9832 SW 27th Ter | single_family | 5 | 3 | 2,252 | $795,000 | 2026-07-13 |
| 4901 SW 101st Ave | single_family | 5 | 3 | 2,767 | $1,100,000 | 2026-07-08 |
| 3024 SW 98th Ct | single_family | 5 | 5 | 3,222 | $1,170,000 | 2026-06-16 |
| 2775 SW 101st Ct | single_family | 5 | 5 | 3,132 | $1,300,000 | 2026-06-02 |
| 11430 SW 41st Ter | single_family | 5 | 3 | 2,154 | $550,000 | 2026-06-01 |
| 11351 SW 52nd Ter | single_family | 5 | 4 | 1,599 | $950,000 | 2026-05-01 |
| 9825 SW 54th St | single_family | 5 | 4 | 1,877 | $692,000 | 2026-04-17 |
| 4140 SW 108th Ave | single_family | 5 | 4 | 2,190 | $935,000 | 2026-03-27 |
| 4805 SW 112th Ave | single_family | 5 | 3 | 2,610 | $825,000 | 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 |
|---|---|---|---|---|---|---|
| 4621 SW 104th Ct | single_family | 5 | 4 | 2,058 | $712,000 | — |
| 3538 SW 87th Ct | single_family | 5 | 3 | 1,586 | $790,000 | — |
| 4151 SW 112th Ct | single_family | 5 | 2 | 1,980 | $750,000 | — |
| 10795 SW 34th St | single_family | 5 | 3 | 2,683 | $2,499,000 | — |
| 3125 SW 108th Ave | single_family | 5 | 5 | 2,419 | $1,195,000 | — |
| multi_family | 5 | 3 | 2,094 | $799,900 | — | |
| 2605 SW 115th Ave | single_family | 5 | 5 | 4,795 | $1,999,000 | — |
| 10755 SW 52nd Ter | single_family | 5 | 7 | 3,242 | $1,995,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,493,500 | $7,830 | -$84,324 | $1,147,423 | $346,077 |
| 2 | $1,538,305 | $8,274 | -$83,947 | $1,133,982 | $404,323 |
| 3 | $1,584,454 | $8,737 | -$83,553 | $1,119,619 | $464,835 |
| 4 | $1,631,988 | $9,219 | -$83,142 | $1,104,269 | $527,719 |
| 5 | $1,680,947 | $9,721 | -$82,713 | $1,087,865 | $593,083 |
| 6 | $1,731,376 | $10,243 | -$82,265 | $1,070,334 | $661,042 |
| 7 | $1,783,317 | $10,787 | -$81,797 | $1,051,600 | $731,717 |
| 8 | $1,836,817 | $11,354 | -$81,309 | $1,031,579 | $805,238 |
| 9 | $1,891,921 | $11,943 | -$80,800 | $1,010,183 | $881,738 |
| 10 | $1,948,679 | $12,556 | -$80,269 | $987,318 | $961,360 |