| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $850,000 |
| Down payment (20.0%) | $170,000 |
| Loan amount | $680,000 |
| Closing costs (5.0%) | $42,500 |
| Total cash to close | $212,500 |
| Income | |
| Rent (comp-derived) | $3,900$46,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,588$43,056 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,346$16,150 |
| Insurance (placeholder 0.8% of price) | $567$6,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $195$2,340 |
| Total operating expenses | $2,108$25,290 |
| 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) | $195$2,340 |
| 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 | 1,812 | $4,000 | 2026-07-18 | — | |
| single_family | 4 | 3 | 1,585 | $3,800 | 2026-06-12 | — | |
| single_family | 4 | 3 | 1,910 | $4,500 | 2026-03-11 | — | |
| single_family | 4 | 2 | 1,330 | $3,200 | — | — |
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 |
|---|---|---|---|---|---|---|
| 250 NW 40th Ave | single_family | 4 | 2 | 1,365 | $715,000 | 2026-08-13 |
| 221 NW 85th Pl | single_family | 4 | 3 | 1,585 | $620,000 | 2026-06-24 |
| 821 NW 40th Ave | single_family | 4 | 3 | 2,250 | $730,000 | 2026-06-02 |
| 560 NW 57th Ct | single_family | 4 | 2 | 1,706 | $550,000 | 2026-05-06 |
| 6300 NW 2nd St | single_family | 4 | 3 | 1,873 | $750,000 | 2026-05-05 |
| 6031 NW 5th St | single_family | 4 | 2 | 1,386 | $577,000 | 2026-03-05 |
| 202 NW 60th Ave | single_family | 4 | 2 | 1,620 | $640,000 | 2026-02-24 |
| 111 NW 39th Ave | single_family | 4 | 2 | 1,383 | $650,000 | 2026-02-09 |
| 6341 Tamiami Canal Rd | single_family | 4 | 2 | 1,840 | $671,500 | 2026-01-30 |
| 3720 NW 2nd Ter | single_family | 4 | 3 | 1,134 | $589,900 | 2026-01-06 |
| 550 NW 58th Ct | single_family | 4 | 2 | 1,798 | $922,000 | 2025-12-09 |
| 7330 NW 6th St | single_family | 4 | 3 | 1,790 | $690,000 | 2025-10-15 |
| 7325 NW 3rd St | single_family | 4 | 2 | 1,338 | $575,000 | 2025-09-25 |
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 |
|---|---|---|---|---|---|---|
| 30 NW 56th Ct | multi_family | 4 | 2 | 1,450 | $725,000 | — |
| 7239 NW Third St | multi_family | 4 | 3 | 1,480 | $770,000 | — |
| 321 NW 56th Ave | single_family | 4 | 3 | 1,345 | $800,000 | — |
| 6060 NW 7th St | single_family | 4 | 2 | 1,168 | $475,000 | — |
| 4074 NW 4th St | single_family | 4 | 3 | 1,506 | $644,000 | — |
| 4518 NW 4th St | townhomes | 4 | 4 | 3,180 | $770,000 | — |
| 8408 NW 8th St Unit 8408 | townhomes | 4 | 3 | 1,794 | $610,000 | — |
| 5181 NW 5th St | multi_family | 4 | 2 | 1,806 | $730,999 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $875,500 | $17,766 | -$37,012 | $672,627 | $202,873 |
| 2 | $901,765 | $18,425 | -$36,411 | $664,748 | $237,017 |
| 3 | $928,818 | $19,108 | -$35,789 | $656,328 | $272,490 |
| 4 | $956,682 | $19,814 | -$35,144 | $647,330 | $309,352 |
| 5 | $985,383 | $20,544 | -$34,477 | $637,714 | $347,669 |
| 6 | $1,014,944 | $21,300 | -$33,785 | $627,437 | $387,507 |
| 7 | $1,045,393 | $22,082 | -$33,070 | $616,455 | $428,937 |
| 8 | $1,076,755 | $22,892 | -$32,328 | $604,719 | $472,036 |
| 9 | $1,109,057 | $23,729 | -$31,561 | $592,177 | $516,881 |
| 10 | $1,142,329 | $24,595 | -$30,766 | $578,773 | $563,556 |