| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $85,000 |
| Down payment (20.0%) | $17,000 |
| Loan amount | $68,000 |
| Closing costs (5.0%) | $4,250 |
| Total cash to close | $21,250 |
| Income | |
| Rent (comp-derived) | $1,850$22,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,702$20,424 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $135$1,615 |
| Insurance (est. scaled by flood & wind risk) | $125$1,496 |
| HOA dues | $1,267$15,204 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $93$1,110 |
| Total operating expenses | $1,619$19,425 |
| 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) | $93$1,110 |
| 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 | 1 | 1 | 360 | $1,850 | 2026-06-11 | — | |
| apartment | 1 | 1 | 360 | $1,900 | 2026-06-10 | — | |
| apartment | 1 | 1 | 375 | $1,450 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 2999 Point East Dr Apt C502 | condos | 1 | 1 | 816 | $180,000 | 2026-09-01 |
| 2841 NE 163rd St Apt 704 | condos | 1 | 2 | 790 | $197,000 | 2026-08-28 |
| 19370 Collins Ave Apt 319 | condos | 1 | 2 | 1,005 | $335,000 | 2026-08-24 |
| 2801 NE 183rd St Unit 405W | condos | 1 | 2 | 1,066 | $172,000 | 2026-08-24 |
| 18061 Biscayne Blvd Apt 1203 | condos | 1 | 2 | 1,005 | $180,000 | 2026-08-24 |
| 3750 NE 169th St Apt 102 | condos | 1 | 2 | 812 | $185,000 | 2026-08-20 |
| 5878676453 | condos | 1 | 1 | 1,005 | $295,000 | 2026-08-19 |
| 3600 NE 170th St Apt 102 | condos | 1 | 2 | 812 | $185,000 | 2026-08-19 |
| 19380 Collins Ave Apt 712 | condos | 1 | 1 | 1,005 | $255,000 | 2026-08-18 |
| 2920 Point East Dr Apt N111 | condos | 1 | 1 | 768 | $160,000 | 2026-08-18 |
| 250 174th St Apt 2012 | condos | 1 | 2 | 1,087 | $240,000 | 2026-08-18 |
| 3551 NE 169th St Apt 104 | condos | 1 | 1 | 812 | $150,000 | 2026-08-17 |
| 3020 Marcos Dr Apt S109 | condos | 1 | 1 | 768 | $105,000 | 2026-08-13 |
| 300 Bayview Dr Apt 1009 | condos | 1 | 2 | 762 | $215,000 | 2026-08-12 |
| 3750 NE 169th St Apt 408 | condos | 1 | 1 | 812 | $179,500 | 2026-08-10 |
| 201 180th Dr Apt 206 | condos | 1 | 2 | 770 | $235,000 | 2026-08-10 |
| 16445 Collins Ave Apt 2722 | condos | 1 | 2 | 1,260 | $680,000 | 2026-08-07 |
| 3601 NE 170th St Apt 202 | condos | 1 | 2 | 830 | $245,000 | 2026-08-07 |
| 3750 NE 169th St Apt 204 | condos | 1 | 2 | 812 | $180,900 | 2026-08-05 |
| 17001 Collins Ave Apt 1407 | condos | 1 | 2 | 1,110 | $1,250,000 | 2026-08-03 |
| 3600 NE 170th St Apt 404 | condos | 1 | 2 | 812 | $180,000 | 2026-07-31 |
| 2801 NE 183rd St Unit 510W | condos | 1 | 2 | 1,066 | $135,000 | 2026-07-31 |
| 16851 NE 23rd Ave Unit A212 | condos | 1 | 1 | 720 | $134,500 | 2026-07-30 |
| 17800 Atlantic Blvd Ph 9 | condos | 1 | 2 | 930 | $275,000 | 2026-07-29 |
| 18201 Collins Ave Apt 708 | condos | 1 | 2 | 881 | $685,000 | 2026-07-29 |
| 200 178th Dr Apt 504 | condos | 1 | 2 | 1,000 | $232,525 | 2026-07-27 |
| 18683 Collins Ave Unit 2510 | condos | 1 | 1 | 688 | $630,000 | 2026-07-24 |
| 19390 Collins Ave Apt 1223 | condos | 1 | 2 | 1,000 | $297,500 | 2026-07-24 |
| 19390 Collins Ave Apt 212 | condos | 1 | 1 | 1,000 | $235,000 | 2026-07-22 |
| 2999 Point East Dr Apt C101 | condos | 1 | 1 | 817 | $172,500 | 2026-07-21 |
| 17021 N Bay Rd Apt 423 | condos | 1 | 2 | 767 | $185,000 | 2026-07-20 |
| 16445 Collins Ave Apt 922 | condos | 1 | 2 | 1,260 | $990,000 | 2026-07-15 |
| 16385 Biscayne Blvd Unit 1902 | condos | 1 | 2 | 937 | $470,000 | 2026-07-06 |
| 17560 Atlantic Blvd Apt 116 | condos | 1 | 2 | 620 | $165,000 | 2026-07-01 |
| 100 Bayview Dr Apt 1230 | condos | 1 | 2 | 991 | $345,000 | 2026-06-29 |
| 18021 Biscayne Blvd Apt 1503 | condos | 1 | 2 | 1,005 | $175,000 | 2026-06-26 |
| 300 Bayview Dr Apt 1611 | condos | 1 | 2 | 762 | $300,000 | 2026-06-25 |
| 16465 NE 22nd Ave Apt 116 | condos | 1 | 1 | 658 | $147,000 | 2026-06-25 |
| 17121 Collins Ave Apt 1606 | condos | 1 | 2 | 858 | $1,100,000 | 2026-06-22 |
| 3020 Marcos Dr Apt S310 | condos | 1 | 1 | 768 | $130,000 | 2026-06-17 |
| 6622885426 | condos | 1 | 1 | 812 | $190,000 | 2026-06-17 |
| 4000 Island Blvd Apt 1105 | condos | 1 | 2 | 1,235 | $360,000 | 2026-06-15 |
| 300 SE Bayview Dr Unit 2114 | condos | 1 | 2 | 762 | $298,000 | 2026-06-12 |
| 18001 Collins Ave Unit 1205 | condos | 1 | 1 | 1,021 | $550,000 | 2026-06-09 |
| 500 Bayview Dr Apt 617 | condos | 1 | 2 | 762 | $235,000 | 2026-06-09 |
| 3010 Marcos Dr Apt R111 | condos | 1 | 1 | 768 | $120,000 | 2026-06-01 |
| 2801 NE 183rd St Unit 1108W | condos | 1 | 2 | 1,066 | $210,000 | 2026-06-01 |
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 |
|---|---|---|---|---|---|---|
| 2855 Leonard Dr Apt H607 | condos | 1 | 1 | 777 | $135,000 | — |
| 18061 Biscayne Blvd Apt 1602 | condos | 1 | 1 | 717 | $210,000 | — |
| 2905 Point East Dr Apt L311 | condos | 1 | 1 | 768 | $116,900 | — |
| 2851 NE 183rd St Unit 605E | condos | 1 | 2 | 1,066 | $230,000 | — |
| 301 174th St Apt 2205 | condos | 1 | 2 | 1,104 | $299,000 | — |
| 18100 N Bay Rd Unit 304 | condos | 1 | 1 | 1,007 | $499,000 | — |
| 17800 Atlantic Blvd Apt 203 | condos | 1 | 2 | 930 | $269,900 | — |
| 2750 NE 183rd St Apt 1801 | condos | 1 | 2 | 766 | $149,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $87,550 | $999 | -$5,355 | $67,263 | $20,287 |
| 2 | $90,177 | $1,126 | -$5,256 | $66,475 | $23,702 |
| 3 | $92,882 | $1,259 | -$5,151 | $65,633 | $27,249 |
| 4 | $95,668 | $1,399 | -$5,040 | $64,733 | $30,935 |
| 5 | $98,538 | $1,546 | -$4,923 | $63,771 | $34,767 |
| 6 | $101,494 | $1,699 | -$4,800 | $62,743 | $38,751 |
| 7 | $104,539 | $1,860 | -$4,671 | $61,645 | $42,894 |
| 8 | $107,675 | $2,029 | -$4,535 | $60,471 | $47,204 |
| 9 | $110,906 | $2,205 | -$4,391 | $59,217 | $51,689 |
| 10 | $114,233 | $2,390 | -$4,241 | $57,877 | $56,356 |