| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $999,999 |
| Down payment (20.0%) | $200,000 |
| Loan amount | $799,999 |
| Closing costs (5.0%) | $50,000 |
| Total cash to close | $250,000 |
| Income | |
| Rent (comp-derived) | $2,600$31,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,392$28,704 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,583$19,000 |
| Insurance (placeholder 0.8% of price) | $667$8,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $130$1,560 |
| Total operating expenses | $2,380$28,560 |
| 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) | $130$1,560 |
| 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 | 2 | 1 | 1,492 | $2,500 | 2026-04-10 | — | |
| single_family | 2 | 1 | 1,460 | $2,600 | 2026-03-10 | — | |
| single_family | 2 | 1 | 720 | $3,600 | 2026-08-05 | — |
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 |
|---|---|---|---|---|---|---|
| 690 E 46th St | single_family | 2 | 1 | 720 | $495,000 | 2026-08-27 |
| 521 E 33rd St | single_family | 2 | 1 | 810 | $549,900 | 2026-08-26 |
| 4925 E 9th Ct | single_family | 2 | 1 | 1,875 | $560,000 | 2026-07-22 |
| 4795 E 8th Ct | single_family | 2 | 1 | 1,537 | $415,000 | 2026-06-26 |
| 380 E 56th St | single_family | 2 | 1 | 1,131 | $515,000 | 2026-06-09 |
| 26 E 45th St | single_family | 2 | 1 | 1,462 | $600,000 | 2026-05-27 |
| 800 E 19th St | single_family | 2 | 1 | 832 | $650,000 | 2026-05-15 |
| 190 E 45th St | single_family | 2 | 1 | 1,835 | $640,000 | 2026-04-02 |
| 463 E 61st St | single_family | 2 | 1 | 940 | $525,000 | 2026-04-02 |
| 4150 E 9th Ct | single_family | 2 | 1 | 1,472 | $550,000 | 2026-03-26 |
| 466 E 62nd St | single_family | 2 | 1 | 1,118 | $545,000 | 2026-03-16 |
| 310 E 44th St | single_family | 2 | 1 | 1,528 | $330,000 | 2026-03-02 |
| 282 E 55th St | single_family | 2 | 1 | 1,235 | $390,000 | 2026-02-16 |
| 471 E 60th St | single_family | 2 | 1 | 1,916 | $415,000 | 2026-01-15 |
| 509 E 21st St | single_family | 2 | 2 | 728 | $325,000 | 2025-12-24 |
| 277 E 63rd St | single_family | 2 | 2 | 1,327 | $530,000 | 2025-12-16 |
| 551 E 63rd St | single_family | 2 | 1 | 1,207 | $347,500 | 2025-11-05 |
| 510 E 49th St | single_family | 2 | 1 | 2,048 | $750,000 | 2025-10-06 |
| 725 E 19th St | single_family | 2 | 1 | 780 | $440,000 | 2025-09-26 |
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 |
|---|---|---|---|---|---|---|
| 363 E 62nd St | single_family | 2 | 1 | 1,098 | $549,950 | — |
| 890 E 52nd St | single_family | 2 | 1 | 1,080 | $395,000 | — |
| 651 E 48th St | single_family | 2 | 1 | 720 | $525,000 | — |
| 6084 E 7th Ave | single_family | 2 | 2 | 962 | $614,999 | — |
| 690 E 46th St | single_family | 2 | 1 | 720 | $575,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,029,999 | $144 | -$63,108 | $791,325 | $238,674 |
| 2 | $1,060,899 | $291 | -$63,000 | $782,056 | $278,843 |
| 3 | $1,092,726 | $446 | -$62,885 | $772,150 | $320,576 |
| 4 | $1,125,508 | $610 | -$62,762 | $761,564 | $363,944 |
| 5 | $1,159,273 | $782 | -$62,632 | $750,251 | $409,022 |
| 6 | $1,194,051 | $963 | -$62,494 | $738,161 | $455,890 |
| 7 | $1,229,873 | $1,153 | -$62,348 | $725,240 | $504,632 |
| 8 | $1,266,769 | $1,353 | -$62,193 | $711,433 | $555,336 |
| 9 | $1,304,772 | $1,564 | -$62,029 | $696,677 | $608,095 |
| 10 | $1,343,915 | $1,785 | -$61,856 | $680,908 | $663,007 |