| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $598,000 |
| Down payment (20.0%) | $119,600 |
| Loan amount | $478,400 |
| Closing costs (5.0%) | $29,900 |
| Total cash to close | $149,500 |
| Income | |
| Rent (comp-derived) | $2,450$29,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,254$27,048 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $947$11,362 |
| Insurance (placeholder 0.8% of price) | $399$4,784 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $123$1,470 |
| Total operating expenses | $1,468$17,616 |
| 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) | $123$1,470 |
| 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 | 2 | 1 | — | $2,200 | 2026-08-11 | — | |
| single_family | 2 | 2 | 1,300 | $2,800 | 2026-06-27 | — | |
| single_family | 2 | 1 | 1,456 | $2,700 | 2026-08-11 | — | |
| single_family | 2 | 1 | 2,000 | $2,200 | 2026-07-01 | — |
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 |
|---|---|---|---|---|---|---|
| 2125 W 5th Ave | single_family | 2 | 1 | 720 | $190,000 | 2026-08-20 |
| 1461 E 7th Ct | single_family | 2 | 1 | 2,205 | $710,000 | 2026-08-14 |
| 775 E 6th Pl | single_family | 2 | 1 | 936 | $330,000 | 2026-07-21 |
| 840 E 17th St | single_family | 2 | 1 | 1,300 | $350,000 | 2026-06-18 |
| 1640 W 6th Ave | single_family | 2 | 1 | 1,250 | $540,000 | 2026-06-08 |
| 185 E 20th St | single_family | 2 | 1 | 1,066 | $480,000 | 2026-06-08 |
| 309 E 18th St | single_family | 2 | 1 | 1,639 | $495,000 | 2026-06-05 |
| 740 NE 4th Pl | single_family | 2 | 1 | 1,064 | $430,000 | 2026-05-15 |
| 941 E 16th Pl | single_family | 2 | 1 | 1,803 | $695,000 | 2026-05-14 |
| 749 E 17th St | single_family | 2 | 1 | 1,290 | $525,000 | 2026-05-11 |
| 2659 W 10th Ave | single_family | 2 | 1 | 1,161 | $470,000 | 2026-03-24 |
| 102 W 27th St | single_family | 2 | 1 | 1,400 | $410,000 | 2026-03-19 |
| 317 E 20th St | single_family | 2 | 1 | 776 | $300,200 | 2026-02-06 |
| 621 E 13th St | single_family | 2 | 1 | 1,165 | $525,000 | 2026-01-29 |
| 270 W 14th St | single_family | 2 | 2 | 1,132 | $535,000 | 2026-01-07 |
| 690 SE 8th St | single_family | 2 | 1 | 1,228 | $470,000 | 2025-12-19 |
| 730 E 8th St | single_family | 2 | 1 | 1,098 | $428,000 | 2025-12-17 |
| 783 E 17th St | single_family | 2 | 1 | 832 | $457,800 | 2025-12-12 |
| 630 E 14th St | single_family | 2 | 2 | 1,586 | $550,000 | 2025-12-05 |
| 961 E 13th St | single_family | 2 | 1 | 1,848 | $200,000 | 2025-11-19 |
| 671 E 17th St | single_family | 2 | 1 | 1,210 | $375,000 | 2025-10-14 |
| 2250 W 5th Way | single_family | 2 | 2 | 1,204 | $490,000 | 2025-10-09 |
| 521 SE 5th St | single_family | 2 | 1 | 1,616 | $455,000 | 2025-09-18 |
| 317 W 13th St | single_family | 2 | 1 | 2,345 | $380,000 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 1250 W 26th Pl Apt 108 | condos | 2 | 1 | 890 | $175,000 | — |
| 681 NE 1st Pl | single_family | 2 | 1 | 775 | $465,000 | — |
| 21 E 3rd St Apt 205 | condos | 2 | 2 | 1,024 | $249,900 | — |
| 1245 W 24th St Apt 219 | condos | 2 | 1 | 798 | $225,000 | — |
| 1265 W 24th St Apt 201 | condos | 2 | 1 | 794 | $229,000 | — |
| 359 E 12th St | single_family | 2 | 1 | 1,782 | $585,000 | — |
| 77 E 4th St Unit A104 | condos | 2 | 2 | 1,018 | $279,900 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $615,940 | $9,432 | -$28,930 | $473,213 | $142,727 |
| 2 | $634,418 | $9,803 | -$28,596 | $467,670 | $166,748 |
| 3 | $653,451 | $10,187 | -$28,249 | $461,746 | $191,705 |
| 4 | $673,054 | $10,586 | -$27,889 | $455,416 | $217,639 |
| 5 | $693,246 | $10,998 | -$27,517 | $448,650 | $244,596 |
| 6 | $714,043 | $11,425 | -$27,130 | $441,420 | $272,623 |
| 7 | $735,465 | $11,868 | -$26,729 | $433,694 | $301,771 |
| 8 | $757,529 | $12,326 | -$26,314 | $425,437 | $332,092 |
| 9 | $780,254 | $12,800 | -$25,883 | $416,613 | $363,641 |
| 10 | $803,662 | $13,292 | -$25,436 | $407,183 | $396,479 |