| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,950,000 |
| Down payment (20.0%) | $390,000 |
| Loan amount | $1,560,000 |
| Closing costs (5.0%) | $97,500 |
| Total cash to close | $487,500 |
| Income | |
| Rent (comp-derived) | $9,985$119,820 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,186$110,234 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,088$37,050 |
| Insurance (placeholder 0.8% of price) | $1,300$15,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $499$5,991 |
| Total operating expenses | $4,887$58,641 |
| 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) | $499$5,991 |
| 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 | 1,650 | $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 | 3 | 2,300 | $9,998 | 2026-07-31 | — | |
| townhomes | 3 | 3 | 2,160 | $8,000 | 2026-07-30 | — | |
| 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 | $2,008,500 | $51,593 | -$74,697 | $1,543,086 | $465,414 |
| 2 | $2,068,755 | $53,434 | -$73,006 | $1,525,011 | $543,744 |
| 3 | $2,130,818 | $55,338 | -$71,256 | $1,505,694 | $625,123 |
| 4 | $2,194,742 | $57,306 | -$69,445 | $1,485,051 | $709,691 |
| 5 | $2,260,584 | $59,341 | -$67,572 | $1,462,990 | $797,594 |
| 6 | $2,328,402 | $61,445 | -$65,633 | $1,439,415 | $888,987 |
| 7 | $2,398,254 | $63,620 | -$63,627 | $1,414,220 | $984,034 |
| 8 | $2,470,202 | $65,869 | -$61,552 | $1,387,295 | $1,082,906 |
| 9 | $2,544,308 | $68,193 | -$59,406 | $1,358,522 | $1,185,786 |
| 10 | $2,620,637 | $70,596 | -$57,185 | $1,327,772 | $1,292,865 |