| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $268,000 |
| Down payment (20.0%) | $53,600 |
| Loan amount | $214,400 |
| Closing costs (5.0%) | $13,400 |
| Total cash to close | $67,000 |
| Income | |
| Rent (comp-derived) | $2,268$27,210 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,086$25,033 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $424$5,092 |
| Insurance (placeholder 0.8% of price) | $179$2,144 |
| HOA dues | $300$3,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $113$1,361 |
| Total operating expenses | $1,016$12,197 |
| 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) | $113$1,361 |
| 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 | 2 | 2 | 910 | $2,400 | 2026-08-21 | — | |
| condos | 2 | 2 | 898 | $2,200 | 2026-08-20 | — | |
| condos | 2 | 2 | 898 | $2,200 | 2026-08-19 | — | |
| condos | 2 | 2 | 910 | $2,200 | 2026-08-19 | — | |
| condos | 2 | 2 | 856 | $2,200 | 2026-08-18 | — | |
| condos | 2 | 2 | 898 | $2,300 | 2026-08-17 | — | |
| apartment | 2 | 1 | 700 | $2,200 | 2026-08-17 | — | |
| apartment | 2 | 2 | 898 | $2,100 | 2026-08-12 | — | |
| condos | 2 | 2 | 910 | $2,200 | 2026-08-10 | — | |
| condos | 2 | 1 | 952 | $2,200 | 2026-08-09 | — | |
| apartment | 2 | 1 | 952 | $2,300 | 2026-07-24 | — | |
| condos | 2 | 3 | 1,032 | $2,500 | 2026-07-20 | — | |
| condos | 2 | 2 | 898 | $2,280 | 2026-07-16 | — | |
| condos | 2 | 2 | 898 | $2,100 | 2026-07-16 | — | |
| apartment | 2 | 2 | 900 | $2,294 | 2026-07-14 | — | |
| condos | 2 | 1 | 887 | $2,300 | 2026-07-13 | — | |
| condos | 2 | 2 | 910 | $2,300 | 2026-07-12 | — | |
| condos | 2 | 2 | 850 | $2,190 | 2026-07-07 | — | |
| condos | 2 | 2 | 910 | $2,250 | 2026-06-29 | — | |
| condos | 2 | 2 | 910 | $2,300 | 2026-06-26 | — | |
| condos | 2 | 1 | 720 | $2,000 | 2026-06-22 | — | |
| condos | 2 | 2 | 910 | $2,300 | 2026-06-03 | — | |
| condos | 2 | 2 | 898 | $2,200 | 2026-05-19 | — | |
| condos | 2 | 2 | 910 | $2,200 | 2026-05-14 | — | |
| condos | 2 | 2 | 954 | $2,200 | 2026-05-08 | — | |
| condos | 2 | 2 | 910 | $2,300 | 2026-05-08 | — | |
| condos | 2 | 2 | 898 | $2,100 | 2026-05-04 | — | |
| condos | 2 | 2 | 850 | $2,100 | 2026-07-28 | — | |
| condos | 2 | 2 | 856 | $2,350 | 2026-08-25 | — | |
| condos | 2 | 2 | 1,221 | $2,500 | 2026-08-25 | — | |
| apartment | 2 | 2 | 830 | $2,246 | — | — | |
| apartment | 2 | 2 | 830 | $2,246 | — | — | |
| apartment | 2 | 2 | 830 | $2,246 | — | — | |
| apartment | 2 | 2 | 830 | $2,247 | — | — | |
| apartment | 2 | 2 | 830 | $2,246 | — | — | |
| apartment | 2 | 2 | 1,021 | $2,365 | — | — | |
| apartment | 2 | 2 | 1,060 | $2,365 | — | — | |
| apartment | 2 | 2 | 1,038 | $2,420 | — | — | |
| condos | 2 | 2 | 856 | $2,400 | 2026-08-28 | — | |
| apartment | 2 | 2 | 1,021 | $2,384 | — | — | |
| apartment | 2 | 2 | 1,040 | $2,673 | 2025-04-26 | — | |
| apartment | 2 | 2 | 1,038 | $2,420 | — | — | |
| apartment | 2 | 2 | 1,038 | $2,401 | — | — | |
| apartment | 2 | 2 | 1,021 | $2,255 | — | — | |
| apartment | 2 | 2 | 1,040 | $2,420 | — | — | |
| apartment | 2 | 2 | 1,060 | $2,384 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3601 SW 117th Ave Unit 9-301 | condos | 2 | 1 | 760 | $230,000 | 2026-08-25 |
| 11800 SW 18th St Unit 306-4 | condos | 2 | 2 | 898 | $230,000 | 2026-08-18 |
| 2055 SW 122nd Ave Apt 321 | condos | 2 | 1 | 720 | $195,000 | 2026-08-14 |
| 3611 SW 117th Ave Unit 10-207 | condos | 2 | 2 | 982 | $235,000 | 2026-07-17 |
| 12095 SW 18th Ter Unit 267 | condos | 2 | 3 | 1,308 | $300,000 | 2026-07-09 |
| 11750 SW 18th St Unit 314-1 | condos | 2 | 2 | 898 | $219,000 | 2026-06-26 |
| 5222 SW 139th Pl | condo_townhome_rowhome_coop | 2 | 2 | 1,028 | $435,000 | 2026-06-18 |
| 2075 SW 122nd Ave Apt 404 | condos | 2 | 2 | 910 | $180,000 | 2026-06-12 |
| 12800 SW 43rd Dr Unit 102B | condos | 2 | 1 | 952 | $260,000 | 2026-04-09 |
| 3581 SW 117th Ave Unit 5-207 | condos | 2 | 2 | 982 | $280,000 | 2026-03-23 |
| 11840 SW 18th Ter Apt 94 | condos | 2 | 3 | 1,308 | $300,000 | 2026-02-13 |
| 11835 SW 19th Ln Apt 149 | condos | 2 | — | 1,308 | $288,000 | 2026-01-09 |
| 2075 SW 122nd Ave Apt 227 | condos | 2 | 2 | 910 | $245,000 | 2025-12-10 |
| 2075 SW 122nd Ave Apt 306 | condos | 2 | 2 | 910 | $277,000 | 2025-12-05 |
| 11780 SW 18th St Unit 203-2 | condos | 2 | 2 | 898 | $220,000 | 2025-11-25 |
| 12800 SW 43rd Dr Unit 103B | condos | 2 | 1 | 952 | $195,000 | 2025-11-19 |
| 11790 SW 18th St Unit 529-3 | condos | 2 | 2 | 898 | $205,000 | 2025-10-22 |
| 2075 SW 122nd Ave Apt 512 | condos | 2 | 2 | 850 | $245,000 | 2025-09-30 |
| 2055 SW 122nd Ave Apt 113 | condos | 2 | 2 | 910 | $200,000 | 2025-08-28 |
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 |
|---|---|---|---|---|---|---|
| 11800 SW 18th St Unit 314-4 | condos | 2 | 2 | 898 | $295,000 | — |
| 4904 SW 139th Ct | townhomes | 2 | 2 | 970 | $445,000 | — |
| 11790 SW 18th St Unit 524-3 | condos | 2 | 2 | 898 | $279,000 | — |
| 12337 SW 20th Ter | townhomes | 2 | 2 | 982 | $450,000 | — |
| 13962 SW 52nd Ln | single_family | 2 | 1 | — | $449,999 | — |
| 12241 SW 16th Ter Unit 102K | townhomes | 2 | 3 | 1,032 | $390,000 | — |
| 5302 SW 138th Pl | townhomes | 2 | 2 | 1,028 | $455,000 | — |
| 11790 SW 18th St Unit 520-3 | condos | 2 | 2 | 898 | $270,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $276,040 | $12,837 | -$5,057 | $212,075 | $63,965 |
| 2 | $284,321 | $13,283 | -$4,645 | $209,591 | $74,730 |
| 3 | $292,851 | $13,744 | -$4,219 | $206,937 | $85,914 |
| 4 | $301,636 | $14,220 | -$3,778 | $204,099 | $97,537 |
| 5 | $310,685 | $14,712 | -$3,323 | $201,068 | $109,618 |
| 6 | $320,006 | $15,221 | -$2,852 | $197,827 | $122,179 |
| 7 | $329,606 | $15,747 | -$2,364 | $194,365 | $135,241 |
| 8 | $339,494 | $16,290 | -$1,861 | $190,664 | $148,830 |
| 9 | $349,679 | $16,851 | -$1,340 | $186,710 | $162,969 |
| 10 | $360,170 | $17,431 | -$802 | $182,484 | $177,686 |