| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,775,000 |
| Down payment (20.0%) | $355,000 |
| Loan amount | $1,420,000 |
| Closing costs (5.0%) | $88,750 |
| Total cash to close | $443,750 |
| Income | |
| Rent (comp-derived) | $12,800$153,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,776$141,312 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,810$33,725 |
| Insurance (est. scaled by flood & wind risk) | $1,893$22,720 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $640$7,680 |
| Total operating expenses | $5,344$64,125 |
| 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) | $640$7,680 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 3 | 2,747 | $10,250 | 2026-07-06 | — | |
| single_family | 4 | 4 | 3,200 | $12,800 | 2026-06-18 | — | |
| single_family | 4 | 3 | 2,768 | $9,000 | 2026-07-27 | — | |
| single_family | 4 | 5 | 3,292 | $15,000 | — | — | |
| single_family | 4 | 5 | 3,232 | $11,500 | 2026-08-18 | — | |
| single_family | 4 | 4 | 2,719 | $13,000 | 2026-07-27 | — | |
| single_family | 4 | 4 | 2,842 | $13,000 | 2026-06-11 | — |
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 |
|---|---|---|---|---|---|---|
| 2370 NE 195th St | single_family | 4 | 3 | 2,316 | $1,880,000 | 2026-07-31 |
| 20990 NE 30th Pl | single_family | 4 | 3 | 2,306 | $1,338,000 | 2026-07-10 |
| 20920 NE 32nd Ave | single_family | 4 | 4 | 3,176 | $1,800,000 | 2026-07-07 |
| 20765 NE 32nd Ave | single_family | 4 | 5 | 3,250 | $1,610,000 | 2026-06-15 |
| 20815 NE 37th Ct | single_family | 4 | 4 | 2,380 | $1,850,000 | 2026-06-05 |
| 2420 NE 201st St | single_family | 4 | 2 | 2,685 | $1,200,000 | 2026-05-04 |
| 3156 NE 212th Ter | single_family | 4 | 4 | 2,482 | $1,425,000 | 2026-04-29 |
| 20825 NE 32nd Pl | single_family | 4 | 5 | 2,973 | $2,330,000 | 2026-04-23 |
| 21151 NE 22nd Ct | single_family | 4 | 2 | 3,329 | $1,825,000 | 2026-03-30 |
| 2510 NE 207th Ter | single_family | 4 | 2 | 1,827 | $1,175,000 | 2026-01-20 |
| 20905 NE 32nd Ave | single_family | 4 | 5 | 3,330 | $2,000,000 | 2026-01-14 |
| 21320 NE 26th Ave | single_family | 4 | 5 | 2,309 | $1,750,000 | 2025-11-21 |
| 2325 NE 191st St | single_family | 4 | 3 | 2,352 | $1,100,000 | 2025-11-18 |
| 3095 NE 208th Ter | single_family | 4 | 3 | 2,361 | $1,500,000 | 2025-11-12 |
| 3144 NE 212th St | single_family | 4 | 3 | 2,461 | $1,507,000 | 2025-10-30 |
| 3144 NE 212th St | single_family | 4 | 4 | 2,513 | $1,507,000 | 2025-10-23 |
| 3277 NE 212th St | single_family | 4 | 4 | 2,770 | $1,650,000 | 2025-10-16 |
| 18690 NE 22nd Ave | single_family | 4 | 2 | 3,164 | $957,000 | 2025-10-07 |
| 3106 NE 210th Ter | single_family | 4 | 4 | 2,361 | $1,385,000 | 2025-09-05 |
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 |
|---|---|---|---|---|---|---|
| 19694 NE 24th Ave | single_family | 4 | 4 | 2,863 | $2,580,000 | — |
| 2616 NE 214th St | single_family | 4 | 4 | 899 | $489,000 | — |
| 2627 NE 213th St | single_family | 4 | 2 | 1,473 | $899,900 | — |
| 19731 NE 24th Ave | single_family | 4 | 4 | 3,228 | $2,395,000 | — |
| 19667 Turnberry Way Apt 20GR | condos | 4 | 4 | 3,426 | $1,900,000 | — |
| 2511 NE 209th Ter | single_family | 4 | 5 | 2,150 | $2,150,000 | — |
| 2301 NE 196th St | single_family | 4 | 4 | 2,668 | $1,850,000 | — |
| 2375 NE 185th St | single_family | 4 | 3 | 1,556 | $860,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,828,250 | $77,187 | -$39,997 | $1,404,604 | $423,646 |
| 2 | $1,883,098 | $79,823 | -$37,552 | $1,388,151 | $494,947 |
| 3 | $1,939,590 | $82,547 | -$35,026 | $1,370,568 | $569,023 |
| 4 | $1,997,778 | $85,360 | -$32,414 | $1,351,777 | $646,001 |
| 5 | $2,057,711 | $88,266 | -$29,715 | $1,331,697 | $726,015 |
| 6 | $2,119,443 | $91,268 | -$26,925 | $1,310,237 | $809,206 |
| 7 | $2,183,026 | $94,369 | -$24,041 | $1,287,303 | $895,723 |
| 8 | $2,248,517 | $97,571 | -$21,061 | $1,262,795 | $985,722 |
| 9 | $2,315,972 | $100,880 | -$17,981 | $1,236,604 | $1,079,369 |
| 10 | $2,385,452 | $104,297 | -$14,798 | $1,208,614 | $1,176,838 |