| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,295,000 |
| Down payment (20.0%) | $259,000 |
| Loan amount | $1,036,000 |
| Closing costs (5.0%) | $64,750 |
| Total cash to close | $323,750 |
| Income | |
| Rent (estimate) | $12,149$145,791 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,177$134,128 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,050$24,605 |
| Insurance (placeholder 0.8% of price) | $863$10,360 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $607$7,290 |
| Total operating expenses | $3,521$42,255 |
| 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) | $607$7,290 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 426 NW 13th Ave Apt 2 | multi_family | 8 | 4 | 3,722 | $1,283,000 | 2026-07-13 |
| 911 NW 22nd Pl | multi_family | 8 | — | 3,244 | $900,000 | 2026-06-22 |
| 1229 NW 5th St | multi_family | 8 | 8 | 2,964 | $1,400,000 | 2026-06-02 |
| 1237 NW 5th St | multi_family | 8 | 5 | 2,759 | $1,400,000 | 2026-06-02 |
| 1429 NW 2nd St | multi_family | 8 | 6 | 4,086 | $1,380,000 | 2026-05-14 |
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 |
|---|---|---|---|---|---|---|
| 1717 NW 16th St | multi_family | 8 | 4 | 2,975 | $1,200,000 | — |
| 600 NW 25th Ct | multi_family | 8 | 4 | 3,628 | $1,495,000 | — |
| 720 NW 30th Ave | single_family | 8 | 8 | 2,767 | $1,100,000 | — |
| 3524 NW 4th Ter | multi_family | 8 | 8 | 4,350 | $1,399,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,333,850 | $91,873 | $4,693 | $1,024,768 | $309,082 |
| 2 | $1,373,866 | $94,841 | $7,478 | $1,012,764 | $361,102 |
| 3 | $1,415,081 | $97,903 | $10,353 | $999,936 | $415,146 |
| 4 | $1,457,534 | $101,062 | $13,320 | $986,226 | $471,307 |
| 5 | $1,501,260 | $104,321 | $16,384 | $971,576 | $529,684 |
| 6 | $1,546,298 | $107,684 | $19,545 | $955,919 | $590,378 |
| 7 | $1,592,687 | $111,154 | $22,809 | $939,188 | $653,499 |
| 8 | $1,640,467 | $114,733 | $26,177 | $921,307 | $719,160 |
| 9 | $1,689,681 | $118,426 | $29,653 | $902,198 | $787,483 |
| 10 | $1,740,372 | $122,237 | $33,242 | $881,778 | $858,594 |