| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,650,000 |
| Down payment (20.0%) | $330,000 |
| Loan amount | $1,320,000 |
| Closing costs (5.0%) | $82,500 |
| Total cash to close | $412,500 |
| Income | |
| Rent (comp-derived) | $9,393$112,710 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,641$103,693 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,613$31,350 |
| Insurance (placeholder 0.8% of price) | $1,100$13,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $470$5,636 |
| Total operating expenses | $4,182$50,186 |
| 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) | $470$5,636 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,719 | $6,800 | 2026-08-14 | — | |
| townhomes | 3 | 3 | 2,454 | $12,500 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 2,200 | $5,000 | 2026-07-05 | — | |
| townhomes | 3 | 3 | 2,040 | $5,900 | 2026-06-23 | — | |
| townhomes | 3 | 3 | 1,535 | $8,800 | 2026-06-18 | — | |
| townhomes | 3 | 3 | 1,650 | $12,000 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,650 | $12,000 | 2026-06-16 | — | |
| townhomes | 3 | 4 | 2,291 | $13,500 | 2026-06-01 | — | |
| townhomes | 3 | 3 | 1,604 | $9,985 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,604 | $9,985 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,629 | $4,700 | 2026-08-02 | — | |
| townhomes | 3 | 2 | 1,450 | $3,950 | 2026-08-01 | — | |
| townhomes | 3 | 3 | 2,300 | $9,998 | 2026-07-31 | — | |
| townhomes | 3 | 3 | 2,160 | $8,000 | 2026-07-30 | — | |
| townhomes | 3 | 3 | 1,560 | $8,255 | 2026-07-28 | — | |
| townhomes | 3 | 3 | 2,110 | $11,000 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 2977 Bridgeport Ave | townhomes | 3 | 4 | 2,802 | $2,520,000 | 2026-07-31 |
| 3376 Day Ave Unit B | townhomes | 3 | 3 | — | $1,475,000 | 2026-07-31 |
| 2721 SW 22nd Ave Unit C | townhomes | 3 | 3 | 2,215 | $1,799,000 | 2026-07-20 |
| 3374 Day Ave Unit A | townhomes | 3 | 3 | — | $1,575,000 | 2026-07-17 |
| 2917 SW 30th Ct Unit 2917 | townhomes | 3 | 4 | 2,445 | $1,130,000 | 2026-07-02 |
| 3318 Day Ave Unit 7 | townhomes | 3 | 3 | 2,577 | $1,575,000 | 2026-06-29 |
| 3407 Day Ave Unit 3407 | townhomes | 3 | 3 | 2,522 | $1,775,000 | 2026-06-16 |
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 |
|---|---|---|---|---|---|---|
| 3350 SW 27th Ave Apt 1802 | condos | 3 | 3 | 2,522 | $3,100,000 | — |
| 3 Grove Isle Dr Unit C410 | condos | 3 | 3 | 2,424 | $2,695,000 | — |
| 2678 Tigertail Ave Apt 401 | condos | 3 | 4 | 1,811 | $3,250,000 | — |
| 2901 S Bayshore Dr Apt 1B | condos | 3 | 2 | 1,587 | $1,985,000 | — |
| 3431 SW 25th St | single_family | 3 | 2 | 1,296 | $740,000 | — |
| 2155 SW 25th Ter | single_family | 3 | 3 | 1,628 | $1,429,000 | — |
| 2678 Tigertail Ave Apt 1806 | condos | 3 | 4 | 2,058 | $3,995,000 | — |
| 2 Grove Isle Dr Unit B1109 | condos | 3 | 3 | 2,614 | $2,900,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,699,500 | $53,508 | -$53,920 | $1,305,688 | $393,812 |
| 2 | $1,750,485 | $55,364 | -$52,205 | $1,290,394 | $460,091 |
| 3 | $1,803,000 | $57,282 | -$50,431 | $1,274,049 | $528,951 |
| 4 | $1,857,090 | $59,264 | -$48,597 | $1,256,581 | $600,508 |
| 5 | $1,912,802 | $61,312 | -$46,700 | $1,237,915 | $674,888 |
| 6 | $1,970,186 | $63,429 | -$44,740 | $1,217,966 | $752,220 |
| 7 | $2,029,292 | $65,615 | -$42,712 | $1,196,647 | $832,645 |
| 8 | $2,090,171 | $67,875 | -$40,616 | $1,173,865 | $916,306 |
| 9 | $2,152,876 | $70,209 | -$38,449 | $1,149,518 | $1,003,358 |
| 10 | $2,217,462 | $72,621 | -$36,209 | $1,123,499 | $1,093,963 |