| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $338,000 |
| Down payment (20.0%) | $67,600 |
| Loan amount | $270,400 |
| Closing costs (5.0%) | $16,900 |
| Total cash to close | $84,500 |
| Income | |
| Rent (comp-derived) | $1,350$16,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,242$14,904 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $535$6,422 |
| Insurance (est. scaled by flood & wind risk) | $496$5,949 |
| HOA dues | $960$11,520 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $68$810 |
| Total operating expenses | $2,058$24,701 |
| 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) | $68$810 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 1 | 1 | 651 | $2,350 | 2026-08-15 | — | |
| single_family | 1 | 1 | 400 | $1,300 | 2026-08-14 | — | |
| single_family | 1 | 1 | 500 | $1,400 | 2026-08-10 | — | |
| single_family | 1 | 1 | 1,459 | $1,100 | 2026-08-08 | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 1750 N Bayshore Dr Apt 3403 | condos | 1 | 1 | 791 | $362,000 | — |
| 851 NE 1st Ave Unit 2110 | condos | 1 | 2 | 1,185 | $730,000 | — |
| 121 NE 5th St Apt 2908 | condos | 1 | 1 | 606 | $525,000 | — |
| 1600 NE 1st Ave Apt 3614 | condos | 1 | 2 | 857 | $469,000 | — |
| 900 Biscayne Blvd Apt 3803 | condos | 1 | 2 | 912 | $750,000 | — |
| 398 NE 5th St Apt 1407 | condos | 1 | 1 | 442 | $795,000 | — |
| 159 NE 6th St Unit 3108 | condos | 1 | 1 | 832 | $510,000 | — |
| 1600 NE 1st Ave Apt 2405 | condos | 1 | 2 | 867 | $505,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $348,140 | -$9,797 | -$31,459 | $267,468 | $80,672 |
| 2 | $358,584 | -$9,967 | -$31,649 | $264,335 | $94,249 |
| 3 | $369,342 | -$10,140 | -$31,843 | $260,987 | $108,355 |
| 4 | $380,422 | -$10,314 | -$32,038 | $257,409 | $123,013 |
| 5 | $391,835 | -$10,490 | -$32,236 | $253,585 | $138,249 |
| 6 | $403,590 | -$10,669 | -$32,437 | $249,499 | $154,091 |
| 7 | $415,697 | -$10,849 | -$32,640 | $245,132 | $170,566 |
| 8 | $428,168 | -$11,031 | -$32,846 | $240,465 | $187,703 |
| 9 | $441,013 | -$11,216 | -$33,054 | $235,478 | $205,536 |
| 10 | $454,244 | -$11,402 | -$33,265 | $230,148 | $224,096 |