| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $535,000 |
| Down payment (20.0%) | $107,000 |
| Loan amount | $428,000 |
| Closing costs (5.0%) | $26,750 |
| Total cash to close | $133,750 |
| Income | |
| Rent (comp-derived) | $2,700$32,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,484$29,808 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $847$10,165 |
| Insurance (placeholder 0.8% of price) | $357$4,280 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,620 |
| Total operating expenses | $1,339$16,065 |
| 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) | $135$1,620 |
| 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 | 3 | 2 | 1,968 | $3,225 | 2026-06-13 | — | |
| single_family | 3 | 3 | 1,574 | $2,500 | 2026-08-23 | — | |
| single_family | 3 | 2 | 1,459 | $2,450 | 2026-07-29 | — | |
| single_family | 3 | 2 | 1,175 | $2,675 | 2026-05-26 | — | |
| single_family | 3 | 2 | 1,170 | $2,700 | 2026-08-10 | — | |
| single_family | 3 | 2 | 1,200 | $2,300 | 2026-07-19 | — | |
| single_family | 3 | 3 | 1,469 | $3,000 | 2026-06-18 | — | |
| single_family | 3 | 3 | 1,642 | $2,750 | — | — | |
| single_family | 3 | 3 | 1,414 | $2,400 | — | — | |
| single_family | 3 | 3 | 1,431 | $2,700 | — | — | |
| single_family | 3 | 3 | 1,376 | $3,000 | — | — | |
| single_family | 3 | 2 | 1,230 | $2,500 | — | — | |
| single_family | 3 | 1 | 1,196 | $3,300 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 990 SW 9th Ct | single_family | 3 | 2 | 1,053 | $379,900 | 2026-08-12 |
| 578 SW 2nd St | single_family | 3 | 2 | 1,196 | $444,000 | 2026-08-07 |
| 655 SW 4th Ter | single_family | 3 | 1 | 2,283 | $225,000 | 2026-07-02 |
| 1616 NW 7th Pl | single_family | 3 | 2 | 1,358 | $389,000 | 2026-05-26 |
| 743 NW 7th Ave | single_family | 3 | 1 | 1,075 | $415,000 | 2026-05-20 |
| 19555 SW 339th Ter | single_family | 3 | 3 | 1,732 | $512,000 | 2026-05-18 |
| 600 NE 5th Ter | single_family | 3 | 2 | 1,521 | $449,500 | 2026-04-16 |
| 19225 SW 334th St | single_family | 3 | 1 | 880 | $430,000 | 2026-04-15 |
| 18860 SW 354th Ter | single_family | 3 | 2 | 1,440 | $560,000 | 2026-04-07 |
| 624 NE 5th Way | single_family | 3 | 2 | 1,521 | $420,000 | 2026-02-12 |
| 432 NW 15th St | single_family | 3 | 2 | 1,092 | $320,000 | 2026-02-12 |
| 561 NW 10 Ct | single_family | 3 | 3 | — | $303,475 | 2026-02-03 |
| 19645 SW 339th Ter | single_family | 3 | 2 | 1,749 | $511,600 | 2025-12-30 |
| 34480 SW 191st Ave | single_family | 3 | 3 | — | $395,000 | 2025-12-03 |
| 854 SW 9th Ct | single_family | 3 | 2 | 1,344 | $283,000 | 2025-10-15 |
| 175 SW 6th Ln | single_family | 3 | 2 | 1,276 | $300,000 | 2025-10-10 |
| 1461 NW 2nd Ct | single_family | 3 | 1 | 858 | $255,000 | 2025-10-09 |
| 360 SW 3rd St | single_family | 3 | 1 | 1,300 | $395,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 1431 NE 5th Avenue | townhomes | 3 | 2 | 1,448 | $450,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,414 | $342,990 | — |
| 35817 SW 178th Ct | townhomes | 3 | 3 | 1,338 | $393,790 | — |
| SW 328 St & SW 172nd Ave | single_family | 3 | 2 | 1,545 | $363,990 | — |
| 18917 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,460 | $347,090 | — |
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $343,590 | — |
| SW 336 St & SW 194 Ave | single_family | 3 | 2 | 1,732 | $546,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,545 | $351,990 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $551,050 | $13,743 | -$20,882 | $423,360 | $127,690 |
| 2 | $567,582 | $14,236 | -$20,430 | $418,400 | $149,181 |
| 3 | $584,609 | $14,745 | -$19,962 | $413,101 | $171,508 |
| 4 | $602,147 | $15,272 | -$19,478 | $407,437 | $194,710 |
| 5 | $620,212 | $15,816 | -$18,977 | $401,385 | $218,827 |
| 6 | $638,818 | $16,380 | -$18,459 | $394,917 | $243,901 |
| 7 | $657,983 | $16,962 | -$17,922 | $388,004 | $269,978 |
| 8 | $677,722 | $17,564 | -$17,367 | $380,617 | $297,105 |
| 9 | $698,054 | $18,186 | -$16,793 | $372,723 | $325,331 |
| 10 | $718,995 | $18,830 | -$16,199 | $364,287 | $354,708 |