| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,599,000 |
| Down payment (20.0%) | $719,800 |
| Loan amount | $2,879,200 |
| Closing costs (5.0%) | $179,950 |
| Total cash to close | $899,750 |
| Income | |
| Rent (comp-derived) | $7,500$90,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,900$82,800 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,698$68,381 |
| Insurance (placeholder 0.8% of price) | $2,399$28,792 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $375$4,500 |
| Total operating expenses | $8,473$101,673 |
| 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) | $375$4,500 |
| 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 | 5 | 6 | 3,996 | $16,500 | 2025-06-27 | — | |
| single_family | 5 | 5 | 3,803 | $7,500 | 2025-10-20 | — | |
| single_family | 5 | 3 | 3,312 | $6,500 | 2026-08-27 | — |
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 |
|---|---|---|---|---|---|---|
| 20076 SW 190th St | single_family | 5 | 3 | 2,244 | $1,135,000 | 2026-08-27 |
| 15288 SW 176th Ter | single_family | 5 | 5 | 3,396 | $800,000 | 2026-08-19 |
| 16933 SW 215th Ter | single_family | 5 | 4 | 3,243 | $950,000 | 2026-08-17 |
| 15100 SW 175th St | single_family | 5 | 3 | 3,128 | $1,010,000 | 2026-08-14 |
| 14864 SW 163rd Ter | single_family | 5 | 3 | 2,640 | $799,000 | 2026-07-31 |
| 15421 SW 158th St | single_family | 5 | 2 | 2,131 | $750,000 | 2026-06-29 |
| 16144 SW 148th Pl | single_family | 5 | 4 | 3,033 | $825,000 | 2026-06-18 |
| 15562 SW 177th Ter | single_family | 5 | 2 | 1,760 | $720,000 | 2026-06-02 |
| 17921 SW 149th Ct | single_family | 5 | 5 | 3,427 | $1,129,900 | 2026-05-15 |
| 15431 SW 171st St | single_family | 5 | 3 | 2,249 | $680,000 | 2026-05-13 |
| 14940 SW 164th Ter | single_family | 5 | 3 | 3,502 | $1,100,000 | 2026-03-02 |
| 14888 SW 163rd Ter | single_family | 5 | 4 | 3,033 | $825,000 | 2026-01-09 |
| 15210 SW 163rd St | single_family | 5 | 3 | 2,817 | $1,165,000 | 2025-12-17 |
| 15274 SW 173rd Ln | single_family | 5 | 3 | 2,444 | $697,000 | 2025-12-05 |
| 15451 SW 173rd Ln | single_family | 5 | 3 | 2,444 | $685,000 | 2025-12-05 |
| 16142 SW 148th Ave | single_family | 5 | 3 | 3,033 | $850,000 | 2025-11-24 |
| 17650 SW 154th Pl | single_family | 5 | 3 | 2,444 | $760,000 | 2025-11-13 |
| 16304 SW 147th Ct | single_family | 5 | 4 | 2,987 | $820,301 | 2025-11-04 |
| 15530 SW 152nd Ter | single_family | 5 | 2 | 2,332 | $915,000 | 2025-10-14 |
| 16262 SW 147th Pl | single_family | 5 | 3 | 3,033 | $893,300 | 2025-10-09 |
| 21200 SW 187th Ave | single_family | 5 | 3 | 2,268 | $920,000 | 2025-09-24 |
| 17970 SW 152nd Ave | single_family | 5 | 3 | 2,373 | $695,000 | 2025-09-16 |
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 |
|---|---|---|---|---|---|---|
| 15130 SW 164th Ter | single_family | 5 | 3 | 3,772 | $1,349,000 | — |
| 20076 SW 190th St | single_family | 5 | 3 | 2,244 | $1,175,000 | — |
| 14832 SW 169th Ln | single_family | 5 | 3 | 2,230 | $950,000 | — |
| 16580 SW 173rd Ave | single_family | 5 | 5 | 3,937 | $2,892,000 | — |
| 15302 SW 180th Ter | single_family | 5 | 3 | 2,174 | $715,000 | — |
| 17795 SW 158th St | single_family | 5 | 3 | 4,396 | $2,799,999 | — |
| 14800 SW 166th St | single_family | 5 | 3 | 3,188 | $1,850,000 | — |
| 16400 SW 173rd Ave | single_family | 5 | 4 | 3,091 | $1,399,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,706,970 | -$18,873 | -$245,403 | $2,847,983 | $858,987 |
| 2 | $3,818,179 | -$18,931 | -$245,573 | $2,814,623 | $1,003,557 |
| 3 | $3,932,724 | -$18,978 | -$245,736 | $2,778,971 | $1,153,753 |
| 4 | $4,050,706 | -$19,013 | -$245,889 | $2,740,871 | $1,309,835 |
| 5 | $4,172,227 | -$19,036 | -$246,033 | $2,700,155 | $1,472,072 |
| 6 | $4,297,394 | -$19,046 | -$246,167 | $2,656,643 | $1,640,751 |
| 7 | $4,426,316 | -$19,042 | -$246,291 | $2,610,143 | $1,816,173 |
| 8 | $4,559,106 | -$19,024 | -$246,403 | $2,560,450 | $1,998,656 |
| 9 | $4,695,879 | -$18,990 | -$246,503 | $2,507,344 | $2,188,535 |
| 10 | $4,836,755 | -$18,940 | -$246,590 | $2,450,592 | $2,386,163 |