| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $289,000 |
| Down payment (20.0%) | $57,800 |
| Loan amount | $231,200 |
| Closing costs (5.0%) | $14,450 |
| Total cash to close | $72,250 |
| Income | |
| Rent (comp-derived) | $2,305$27,654 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,120$25,442 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $458$5,491 |
| Insurance (placeholder 0.8% of price) | $193$2,312 |
| HOA dues | $389$4,668 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $115$1,383 |
| Total operating expenses | $1,154$13,854 |
| 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) | $115$1,383 |
| 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 | 1,006 | $2,100 | 2026-08-18 | — | |
| apartment | 2 | 1 | 777 | $2,100 | 2026-08-17 | — | |
| apartment | 2 | 1 | 777 | $1,900 | 2026-08-12 | — | |
| condos | 2 | 3 | 1,045 | $2,400 | 2026-08-11 | — | |
| condos | 2 | 2 | 948 | $2,100 | 2026-08-06 | — | |
| condos | 2 | 3 | 1,288 | $2,400 | 2026-07-26 | — | |
| condos | 2 | 3 | 1,045 | $2,300 | 2026-07-26 | — | |
| condos | 2 | 3 | 1,206 | $2,400 | 2026-07-23 | — | |
| condos | 2 | 2 | 900 | $2,100 | 2026-07-23 | — | |
| condos | 2 | 3 | 1,096 | $2,500 | 2026-07-21 | — | |
| condos | 2 | 2 | 1,086 | $2,400 | 2026-07-18 | — | |
| condos | 2 | 2 | 1,038 | $2,800 | 2026-07-07 | — | |
| condos | 2 | 1 | 910 | $2,450 | 2026-07-06 | — | |
| apartment | 2 | 1 | 777 | $2,050 | 2026-06-18 | — | |
| condos | 2 | 2 | 1,185 | $2,450 | 2026-06-09 | — | |
| apartment | 2 | 2 | 1,086 | $2,200 | 2026-06-09 | — | |
| condos | 2 | 2 | 1,086 | $2,400 | 2026-06-02 | — | |
| condos | 2 | 1 | 827 | $2,200 | 2026-05-29 | — | |
| condos | 2 | 2 | 946 | $2,200 | 2026-05-14 | — | |
| apartment | 2 | 2 | 1,086 | $2,300 | 2026-08-04 | — | |
| condos | 2 | 1 | 777 | $1,989 | 2026-07-30 | — | |
| condos | 2 | 2 | 838 | $2,400 | 2026-07-28 | — | |
| condos | 2 | 1 | 775 | $2,100 | 2025-05-29 | — | |
| apartment | 2 | 1 | 874 | $2,900 | 2026-01-29 | — | |
| condos | 2 | 1 | 980 | $2,500 | 2026-03-16 | — | |
| apartment | 2 | 2 | 866 | $2,274 | — | — | |
| condos | 2 | 1 | 1,200 | $2,350 | 2026-01-22 | — | |
| apartment | 2 | 2 | 824 | $2,254 | — | — | |
| apartment | 2 | 2 | 824 | $2,274 | — | — | |
| apartment | 2 | 2 | 824 | $2,299 | — | — | |
| apartment | 2 | 2 | 866 | $2,309 | — | — | |
| apartment | 2 | 2 | 1,041 | $3,055 | — | — | |
| apartment | 2 | 2 | 1,041 | $3,055 | — | — | |
| apartment | 2 | 2 | 866 | $2,349 | — | — | |
| apartment | 2 | 2 | 1,161 | $3,050 | — | — | |
| condos | 2 | 1 | 720 | $2,100 | 2026-08-27 | — | |
| condos | 2 | 3 | 1,206 | $2,580 | 2026-08-31 | — | |
| apartment | 2 | 1 | 910 | $2,300 | 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 |
|---|---|---|---|---|---|---|
| 9390 W Flagler St Unit 218F | condos | 2 | 2 | 1,006 | $262,000 | 2026-08-20 |
| 10745 SW 3rd St Apt 6 | condos | 2 | 1 | 820 | $230,000 | 2026-08-17 |
| 9420 W Flagler St Apt 103 | condos | 2 | 2 | 1,086 | $286,000 | 2026-08-07 |
| 9113 SW 9th Ter Unit A | condo_townhome_rowhome_coop | 2 | 2 | 876 | $410,000 | 2026-07-16 |
| 9301 SW 4th St Unit 114E | condos | 2 | 1 | 838 | $270,000 | 2026-07-08 |
| 840 SW 105th Ave Apt 318 | condos | 2 | 2 | 1,045 | $280,000 | 2026-06-01 |
| 9585 SW 1st Ter | condo_townhome_rowhome_coop | 2 | 2 | 1,120 | $490,000 | 2026-05-15 |
| 9410 W Flagler St Apt 409 | condos | 2 | 2 | 1,086 | $295,000 | 2026-05-15 |
| 8794 SW 12th St Apt 105 | condos | 2 | 1 | 910 | $300,000 | 2026-05-04 |
| 8758 SW 12th St Apt 206 | condos | 2 | 1 | 910 | $300,000 | 2026-04-15 |
| 9411 SW 4th St Apt 111 | condos | 2 | 2 | 1,086 | $250,000 | 2026-04-08 |
| 8841 W Flagler St Apt 103 | condos | 2 | 2 | 892 | $270,000 | 2026-03-13 |
| 30 SW 108th Ave Unit 7G | condos | 2 | 2 | 764 | $290,000 | 2026-03-11 |
| 9410 W Flagler St Apt 208 | condos | 2 | 2 | 946 | $225,000 | 2026-02-25 |
| 11431 SW 7th Ter Unit 303C | condos | 2 | 2 | 1,032 | $270,000 | 2026-02-20 |
| 9300 W Flagler St Unit 229F | condos | 2 | 2 | 1,006 | $225,000 | 2026-01-07 |
| 9411 SW 4th St Apt 203 | condos | 2 | 2 | 1,086 | $289,000 | 2025-12-04 |
| 9520 SW 8th St Apt 111 | condos | 2 | 2 | 838 | $270,000 | 2025-12-01 |
| 9441 SW 4th St Apt 203 | condos | 2 | 2 | 1,086 | $260,000 | 2025-11-24 |
| 8841 W Flagler St Apt 212 | condos | 2 | 2 | 900 | $282,000 | 2025-11-20 |
| 9440 W Flagler St Apt 203 | condos | 2 | 2 | 1,086 | $280,000 | 2025-10-24 |
| 8980 W Flagler St Apt 202 | condos | 2 | 3 | 1,206 | $420,000 | 2025-10-10 |
| 9300 W Flagler St Unit 112D | condos | 2 | 2 | 840 | $265,000 | 2025-10-03 |
| 1001 SW 105th Ave Apt 103 | condos | 2 | 2 | 997 | $305,000 | 2025-09-30 |
| 131 SW 109th Ave Apt L4 | condos | 2 | 2 | 764 | $270,000 | 2025-09-18 |
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 |
|---|---|---|---|---|---|---|
| 9320 W Flagler St Unit 201D | condos | 2 | 1 | 840 | $259,900 | — |
| 100 SW 110th Ave Apt 142 | townhomes | 2 | 3 | 1,091 | $324,000 | — |
| 9370 W Flagler St Unit 204B | condos | 2 | 1 | 777 | $249,500 | — |
| 10851 SW 6th St Unit 5 | condos | 2 | 3 | 1,096 | $329,000 | — |
| 165 SW 113th Ct | single_family | 2 | 2 | 1,062 | $519,900 | — |
| 401 SW 109th Ave Apt 23 | condos | 2 | 2 | 1,120 | $339,900 | — |
| 9340 W Flagler St Unit 104B | condos | 2 | 1 | 777 | $350,000 | — |
| 10851 SW 2nd St Apt K105 | condos | 2 | 1 | 720 | $275,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $297,670 | $11,588 | -$7,624 | $228,693 | $68,977 |
| 2 | $306,600 | $12,005 | -$7,241 | $226,015 | $80,586 |
| 3 | $315,798 | $12,436 | -$6,846 | $223,152 | $92,646 |
| 4 | $325,272 | $12,882 | -$6,436 | $220,092 | $105,180 |
| 5 | $335,030 | $13,343 | -$6,012 | $216,823 | $118,207 |
| 6 | $345,081 | $13,820 | -$5,574 | $213,329 | $131,752 |
| 7 | $355,434 | $14,313 | -$5,120 | $209,595 | $145,838 |
| 8 | $366,097 | $14,822 | -$4,650 | $205,605 | $160,492 |
| 9 | $377,079 | $15,349 | -$4,164 | $201,340 | $175,739 |
| 10 | $388,392 | $15,894 | -$3,662 | $196,783 | $191,609 |