| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $180,000 |
| Down payment (20.0%) | $36,000 |
| Loan amount | $144,000 |
| Closing costs (5.0%) | $9,000 |
| Total cash to close | $45,000 |
| Income | |
| Rent (comp-derived) | $1,900$22,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,748$20,976 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $285$3,420 |
| Insurance (placeholder 0.8% of price) | $120$1,440 |
| HOA dues | $473$5,676 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $95$1,140 |
| Total operating expenses | $973$11,676 |
| 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) | $95$1,140 |
| 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 | 1 | 1 | 583 | $1,750 | 2026-08-19 | — | |
| apartment | 1 | 1 | 635 | $1,995 | 2024-11-28 | — | |
| condos | 1 | 1 | 848 | $1,750 | 2026-08-18 | — | |
| condos | 1 | 1 | 583 | $1,975 | 2026-08-15 | — | |
| apartment | 1 | 1 | 623 | $1,900 | 2024-12-11 | — | |
| apartment | 1 | 1 | 848 | $1,800 | 2026-08-07 | — | |
| condos | 1 | 1 | 849 | $1,900 | 2026-08-06 | — | |
| condos | 1 | 1 | 849 | $1,975 | 2026-07-24 | — | |
| condos | 1 | 1 | 676 | $1,900 | 2026-07-21 | — | |
| apartment | 1 | 2 | 800 | $1,900 | 2026-07-20 | — | |
| condos | 1 | 1 | 583 | $1,695 | 2026-07-15 | — | |
| condos | 1 | 1 | 583 | $1,850 | 2026-07-13 | — | |
| condos | 1 | 1 | 848 | $1,700 | 2026-07-13 | — | |
| condos | 1 | 1 | 583 | $1,700 | 2026-07-08 | — | |
| condos | 1 | 1 | 689 | $1,900 | 2026-06-24 | — | |
| condos | 1 | 1 | 796 | $1,800 | 2026-06-17 | — | |
| condos | 1 | 1 | 796 | $2,000 | 2026-08-04 | — | |
| condos | 1 | 1 | 760 | $1,300 | 2026-08-04 | — | |
| condos | 1 | 1 | 721 | $2,000 | 2026-08-28 | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 831 | $2,542 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 623 | $1,900 | — | — | |
| apartment | 1 | 1 | 635 | $1,995 | — | — | |
| apartment | 1 | 1 | 831 | $2,207 | — | — | |
| apartment | 1 | 1 | 831 | $2,542 | — | — |
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 |
|---|---|---|---|---|---|---|
| 8000 SW 149th Ave Apt A107 | condos | 1 | 1 | 511 | $200,000 | 2026-07-28 |
| 14921 SW 82nd Ter Unit 3-201 | condos | 1 | 2 | 888 | $215,000 | 2026-05-18 |
| 15500 SW 80th St Unit A105 | condos | 1 | 1 | 689 | $220,000 | 2026-05-15 |
| 14901 SW 80th St Apt 211 | condos | 1 | 1 | 700 | $213,000 | 2026-02-19 |
| 15650 SW 80th St Unit F201 | condos | 1 | 1 | 689 | $205,000 | 2025-10-11 |
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 |
|---|---|---|---|---|---|---|
| 8255 SW 152nd Ave Unit E403 | condos | 1 | 1 | — | $190,000 | — |
| 8205 SW 152nd Ave Unit F105 | condos | 1 | 1 | 849 | $199,000 | — |
| 8305 SW 152nd Ave Unit A404 | condos | 1 | 1 | 796 | $198,000 | — |
| 15241 SW 80th St Apt 207 | condos | 1 | 1 | 676 | $217,999 | — |
| 15650 SW 80th St Unit F208 | condos | 1 | 1 | 689 | $221,000 | — |
| 15201 SW 80th St Apt 207 | condos | 1 | 1 | 676 | $239,000 | — |
| 8205 SW 152nd Ave Unit F212 | condos | 1 | 1 | 796 | $180,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $185,400 | $9,300 | -$2,945 | $142,439 | $42,961 |
| 2 | $190,962 | $9,637 | -$2,636 | $140,770 | $50,192 |
| 3 | $196,691 | $9,986 | -$2,316 | $138,987 | $57,704 |
| 4 | $202,592 | $10,347 | -$1,985 | $137,082 | $65,510 |
| 5 | $208,669 | $10,721 | -$1,642 | $135,046 | $73,624 |
| 6 | $214,929 | $11,107 | -$1,288 | $132,869 | $82,060 |
| 7 | $221,377 | $11,506 | -$921 | $130,544 | $90,834 |
| 8 | $228,019 | $11,919 | -$541 | $128,058 | $99,960 |
| 9 | $234,859 | $12,346 | -$148 | $125,402 | $109,457 |
| 10 | $241,905 | $12,787 | $259 | $122,564 | $119,341 |