| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $925,000 |
| Down payment (20.0%) | $185,000 |
| Loan amount | $740,000 |
| Closing costs (5.0%) | $46,250 |
| Total cash to close | $231,250 |
| Income | |
| Rent (estimate) | $6,049$72,587 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,565$66,780 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,465$17,575 |
| Insurance (est. scaled by flood & wind risk) | $1,079$12,950 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $302$3,629 |
| Total operating expenses | $2,846$34,154 |
| 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) | $302$3,629 |
| 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 |
|---|---|---|---|---|---|---|
| 119 NW 17th Pl | multi_family | 6 | 4 | 2,248 | $900,000 | 2026-07-31 |
| 1953 NW 3rd St | multi_family | 6 | 4 | 2,886 | $850,000 | 2026-07-15 |
| 1810 NW 3rd St | multi_family | 6 | 4 | 2,034 | $799,000 | 2026-07-09 |
| 1001 NW 36th Ave | multi_family | 6 | 6 | 2,688 | $967,200 | 2026-04-24 |
| 1971 NW 24th Ct | multi_family | 6 | 2 | 2,404 | $750,000 | 2025-12-22 |
| 3281 NW 14th Ter | multi_family | 6 | 3 | 2,473 | $715,000 | 2025-11-17 |
| 1053 NW 34th Ave | multi_family | 6 | 2 | 2,869 | $800,000 | 2025-10-28 |
| 1644 NW 19th Ter | multi_family | 6 | 3 | 2,442 | $717,000 | 2025-10-10 |
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 |
|---|---|---|---|---|---|---|
| 2231 NW 4th Ter | single_family | 6 | 4 | 2,128 | $749,000 | — |
| 3321 NW 19th Ter | multi_family | 6 | 4 | 2,244 | $1,180,000 | — |
| 901 NW 22nd Ct | multi_family | 6 | 4 | 2,500 | $995,000 | — |
| 1237 NW 33rd Ave | multi_family | 6 | 3 | 2,060 | $795,000 | — |
| 821 NW 36th Ave | multi_family | 6 | 3 | 2,404 | $1,040,500 | — |
| 3061 NW 14th St | multi_family | 6 | 4 | 3,158 | $890,000 | — |
| 1680 NW 22nd Ct | multi_family | 6 | 5 | 3,264 | $1,100,000 | — |
| 2262 NW 4th St | single_family | 6 | 4 | 2,802 | $666,990 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $952,750 | $32,626 | -$28,069 | $731,977 | $220,773 |
| 2 | $981,333 | $33,775 | -$27,010 | $723,403 | $257,930 |
| 3 | $1,010,772 | $34,963 | -$25,915 | $714,240 | $296,533 |
| 4 | $1,041,096 | $36,192 | -$24,782 | $704,447 | $336,648 |
| 5 | $1,072,329 | $37,461 | -$23,610 | $693,983 | $378,346 |
| 6 | $1,104,498 | $38,774 | -$22,398 | $682,799 | $421,699 |
| 7 | $1,137,633 | $40,130 | -$21,144 | $670,848 | $466,785 |
| 8 | $1,171,762 | $41,532 | -$19,847 | $658,076 | $513,686 |
| 9 | $1,206,915 | $42,981 | -$18,506 | $644,427 | $562,488 |
| 10 | $1,243,123 | $44,478 | -$17,119 | $629,840 | $613,282 |