| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,850,000 |
| Down payment (20.0%) | $370,000 |
| Loan amount | $1,480,000 |
| Closing costs (5.0%) | $92,500 |
| Total cash to close | $462,500 |
| Income | |
| Rent (comp-derived) | $6,700$80,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,164$73,968 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,929$35,150 |
| Insurance (est. scaled by flood & wind risk) | $2,405$28,860 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $335$4,020 |
| Total operating expenses | $5,669$68,030 |
| 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) | $335$4,020 |
| 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 | 3 | 2 | 1,693 | $6,500 | 2026-03-18 | — | |
| single_family | 3 | 3 | 1,598 | $7,900 | 2026-03-18 | — | |
| single_family | 3 | 2 | 2,081 | $5,200 | 2026-05-03 | — | |
| single_family | 3 | 2 | 1,889 | $9,500 | 2026-07-21 | — | |
| single_family | 3 | 2 | 1,932 | $11,000 | 2026-04-10 | — | |
| single_family | 3 | 2 | 1,532 | $6,700 | 2026-07-19 | — | |
| single_family | 3 | 2 | 1,186 | $6,000 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 9516 Byron Ave | single_family | 3 | 2 | 1,705 | $1,350,000 | 2026-08-27 |
| 9205 Byron Ave | single_family | 3 | 3 | 3,016 | $3,550,000 | 2026-08-11 |
| 9033 Carlyle Ave | single_family | 3 | 3 | 1,712 | $1,400,000 | 2026-07-31 |
| 9225 Byron Ave | single_family | 3 | 2 | 1,799 | $1,450,000 | 2026-07-27 |
| 8942 Emerson Ave | single_family | 3 | 2 | 1,672 | $1,250,000 | 2026-07-20 |
| 9208 Emerson Ave | single_family | 3 | 2 | 1,737 | $1,584,000 | 2026-07-13 |
| 9064 Bay Dr | single_family | 3 | 2 | 2,204 | $8,300,000 | 2026-07-07 |
| 9473 Byron Ave | single_family | 3 | 2 | 1,798 | $1,507,425 | 2026-06-23 |
| 9048 Dickens Ave | single_family | 3 | 2 | 1,918 | $1,950,000 | 2026-06-09 |
| 8875 Abbott Ave | single_family | 3 | 2 | 1,300 | $1,320,000 | 2026-06-04 |
| 9148 Abbott Ave | single_family | 3 | 2 | 1,238 | $1,350,000 | 2026-05-27 |
| 9148 Carlyle Ave | single_family | 3 | 2 | 2,200 | $2,225,000 | 2026-05-22 |
| 1135 103rd St Apt 401 | single_family | 3 | 3 | 2,014 | $2,820,000 | 2026-05-11 |
| 400 90th St | single_family | 3 | 3 | 2,724 | $2,250,000 | 2026-05-07 |
| 8801 Dickens Ave | single_family | 3 | 2 | — | $1,899,000 | 2026-04-30 |
| 216 Bal Bay Dr | single_family | 3 | 5 | 2,970 | $31,000,000 | 2026-04-30 |
| 9117 Carlyle Ave | single_family | 3 | 2 | 1,693 | $1,600,000 | 2026-04-15 |
| 9457 Carlyle Ave | single_family | 3 | 2 | 1,958 | $1,575,000 | 2026-03-25 |
| 300 N 93rd St | single_family | 3 | 2 | 1,666 | $1,450,000 | 2026-03-17 |
| 917 Surfside Blvd | single_family | 3 | 2 | 1,953 | $1,650,000 | 2026-03-10 |
| 9248 Dickens Ave | single_family | 3 | 2 | 1,688 | $1,325,000 | 2026-03-09 |
| 9280 Abbott Ave | single_family | 3 | 3 | 2,061 | $1,500,000 | 2026-02-26 |
| 8934 Garland Ave | single_family | 3 | 3 | 2,403 | $2,150,000 | 2026-02-25 |
| 9125 Byron Ave | single_family | 3 | 2 | 1,467 | $1,000,000 | 2026-01-20 |
| 424 89th St | single_family | 3 | 2 | 1,780 | $1,750,000 | 2025-11-06 |
| 8826 Hawthorne Ave | single_family | 3 | 3 | 2,480 | $3,600,000 | 2025-10-31 |
| 8866 Dickens Ave | single_family | 3 | 2 | 1,859 | $1,300,000 | 2025-10-29 |
| 9280 Harding Ave | single_family | 3 | 2 | 1,737 | $1,300,000 | 2025-10-29 |
| 8951 Hawthorne Ave | single_family | 3 | 4 | 2,681 | $2,525,000 | 2025-09-30 |
| 9064 Garland Ave | single_family | 3 | 2 | 1,785 | $1,200,000 | 2025-09-22 |
| 8919 Byron Ave | single_family | 3 | 2 | 1,820 | $1,650,000 | 2025-09-22 |
| 9173 Byron Ave | single_family | 3 | 2 | 1,313 | $1,200,000 | 2025-09-19 |
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 |
|---|---|---|---|---|---|---|
| 10203 Collins Ave Unit 801 | condos | 3 | 5 | 4,185 | $12,590,000 | — |
| 9511 Collins Ave Apt 1507 | condos | 3 | 4 | 1,985 | $2,850,000 | — |
| 8942 Carlyle Ave | single_family | 3 | 2 | 1,384 | $1,399,000 | — |
| 8901 Hawthorne Ave | single_family | 3 | 4 | 2,151 | $2,900,000 | — |
| 10205 Collins Ave Apt 206 | condos | 3 | 3 | 2,060 | $1,499,000 | — |
| 8701 Collins Ave Unit 701 | condos | 3 | 4 | 2,233 | $8,475,000 | — |
| 9725 Bay Harbor Ter Apt 24 | condos | 3 | 2 | 1,298 | $589,000 | — |
| 9448 Abbott Ave | single_family | 3 | 4 | — | $2,478,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,905,500 | $5,938 | -$112,213 | $1,463,953 | $441,547 |
| 2 | $1,962,665 | $6,456 | -$111,795 | $1,446,805 | $515,860 |
| 3 | $2,021,545 | $6,999 | -$111,355 | $1,428,479 | $593,066 |
| 4 | $2,082,191 | $7,566 | -$110,894 | $1,408,895 | $673,297 |
| 5 | $2,144,657 | $8,159 | -$110,409 | $1,387,965 | $756,692 |
| 6 | $2,208,997 | $8,779 | -$109,899 | $1,365,598 | $843,398 |
| 7 | $2,275,267 | $9,428 | -$109,365 | $1,341,696 | $933,571 |
| 8 | $2,343,525 | $10,105 | -$108,804 | $1,316,152 | $1,027,373 |
| 9 | $2,413,830 | $10,813 | -$108,216 | $1,288,854 | $1,124,977 |
| 10 | $2,486,245 | $11,551 | -$107,600 | $1,259,681 | $1,226,564 |