| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $629,000 |
| Down payment (20.0%) | $125,800 |
| Loan amount | $503,200 |
| Closing costs (5.0%) | $31,450 |
| Total cash to close | $157,250 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,324$27,894 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,139$25,662 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $996$11,951 |
| Insurance (placeholder 0.8% of price) | $419$5,032 |
| HOA dues | $914$10,968 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $116$1,395 |
| Total operating expenses | $2,445$29,346 |
| 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) | $116$1,395 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 3 | 1,500 | $3,890 | 2026-05-19 | — | |
| condos | 4 | 3 | 1,500 | $3,890 | — | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 17050 NW 60th Ct | condo_townhome_rowhome_coop | 2 | 2 | 936 | $350,000 | 2026-08-28 |
| 8211 NW 191st St Unit 3H | condos | 2 | 2 | 1,117 | $300,000 | 2026-08-28 |
| 7030 NW 179th St Apt 104 | condos | 2 | 2 | 870 | $185,000 | 2026-08-28 |
| 17000 NW 67th Ave Apt 115 | condos | 2 | 2 | 1,038 | $200,000 | 2026-08-20 |
| 6115 NW 186th St Apt 104 | condos | 3 | 2 | 1,255 | $175,000 | 2026-08-05 |
| 6045 NW 186th St Apt 115 | condos | 2 | 3 | 1,041 | $250,000 | 2026-07-31 |
| 17415 NW 75th Pl Apt 103 | condos | 3 | 2 | 1,220 | $295,000 | 2026-07-31 |
| 18324 NW 68th Ave Apt H | condos | 1 | 1 | 782 | $190,000 | 2026-07-31 |
| 6950 NW 173rd Dr Apt 2202 | condos | 2 | 2 | 1,020 | $325,000 | 2026-07-31 |
| 18820 NW 57th Ave Apt 204 | condos | 2 | 2 | 1,106 | $213,000 | 2026-07-15 |
| 17901 NW 68th Ave Apt T103 | condos | 2 | 2 | 1,119 | $140,000 | 2026-07-09 |
| 7110 NW 173rd Dr Apt 108 | condos | 2 | 2 | 1,020 | $340,000 | 2026-07-08 |
| 17505 NW 67th Pl Unit I11 | condos | 1 | 1 | 750 | $205,000 | 2026-07-08 |
| 7215 NW 179th St Apt 206 | condos | 1 | 1 | 679 | $195,000 | 2026-07-01 |
| 19300 W Lake Dr | condo_townhome_rowhome_coop | 3 | 3 | 1,854 | $535,000 | 2026-06-26 |
| 7165 NW 186th St Apt A204 | condos | 2 | 2 | 960 | $225,000 | 2026-06-26 |
| 6930 NW 179th St Unit 107-8 | condos | 3 | 2 | 1,186 | $310,000 | 2026-06-25 |
| 7200 NW 179th St Apt 110 | condos | 2 | 2 | 976 | $205,000 | 2026-06-15 |
| 17000 NW 67th Ave Apt 437 | condos | 2 | 2 | 1,038 | $255,000 | 2026-06-11 |
| 18830 NW 57th Ave Apt 201 | condos | 2 | 2 | 1,106 | $265,000 | 2026-06-10 |
| 6360 NW 170th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,115 | $407,000 | 2026-06-08 |
| 7220 NW 179th St Apt 111 | condos | 1 | 1 | 679 | $195,000 | 2026-06-02 |
| 6701 NW 169th St Apt B304 | condos | 3 | 2 | 1,068 | $232,500 | 2026-05-29 |
| 7281 NW 174th Ter Apt 204 | condos | 2 | 2 | 963 | $290,000 | 2026-05-28 |
| 6960 Miami Gardens Dr Unit 2-525 | condos | 1 | 2 | 989 | $154,000 | 2026-05-26 |
| 17530 NW 68th Ave Apt C4008 | condos | 1 | 1 | 660 | $159,000 | 2026-05-26 |
| 7160 NW 179th St Apt 309 | condos | 1 | 1 | 679 | $195,000 | 2026-05-21 |
| 6273 NW 170th Ter | condo_townhome_rowhome_coop | 2 | 2 | 991 | $370,000 | 2026-05-19 |
| 17000 NW 67th Ave Apt 423 | condos | 2 | 2 | 1,038 | $252,500 | 2026-05-18 |
| 6940 Miami Gardens Dr Unit 1-126 | condos | 1 | 1 | 870 | $210,000 | 2026-05-12 |
| 17000 NW 67th Ave Apt 126 | condos | 3 | 2 | 1,194 | $280,000 | 2026-05-04 |
| 17000 NW 67th Ave Apt 230 | condos | 1 | 2 | 771 | $175,000 | 2026-05-01 |
| 17901 NW 68th Ave Apt R208 | condos | 2 | 2 | 1,417 | $151,000 | 2026-04-30 |
| 18206 Mediterranean Blvd Unit 4-21 | condos | 2 | 2 | 900 | $254,000 | 2026-04-30 |
| 18216 Mediterranean Blvd Unit 1-19 | condos | 2 | 2 | 1,100 | $242,000 | 2026-04-28 |
| 6755 NW 182nd St Apt 104 | condo_townhome_rowhome_coop | 3 | 3 | 1,180 | $320,793 | 2026-04-23 |
| 5694046330 | condo_townhome_rowhome_coop | 2 | 2 | 1,089 | $365,000 | 2026-04-17 |
| 17000 NW 67th Ave Apt 232 | condos | 2 | 2 | 1,038 | $270,000 | 2026-04-16 |
| 18752 NW 84th Pl Unit 606-6 | condos | 3 | 2 | 1,261 | $420,000 | 2026-04-15 |
| 5117902386 | condos | 2 | 2 | 883 | $325,000 | 2026-04-14 |
| 6442 NW 170th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,115 | $385,000 | 2026-04-13 |
| 18965 NW 62nd Ave Apt 105 | condos | 2 | 1 | 870 | $240,000 | 2026-04-13 |
| 6940 NW 179th St Unit 108-7 | condos | 3 | 2 | 1,186 | $320,000 | 2026-04-13 |
| 7195 NW 179th St Apt 212 | condos | 2 | 2 | 883 | $226,000 | 2026-04-10 |
| 17911 NW 68th Ave Apt P207 | condos | 1 | 2 | 982 | $125,000 | 2026-04-07 |
| 17600 NW 68th Ave Apt B2004 | condos | 3 | 2 | 1,130 | $232,500 | 2026-04-07 |
| 17710 NW 73rd Ave Unit 202-20 | condos | 2 | 3 | 1,030 | $285,000 | 2026-04-01 |
| 7020 NW 173rd Dr Apt 505 | condos | 2 | 2 | 1,020 | $330,000 | 2026-03-31 |
| 17710 NW 73rd Ave Unit 201-20 | condos | 2 | 3 | 1,298 | $305,000 | 2026-03-27 |
| 17500 NW 67th Ct Unit E19 | condos | 1 | 1 | 634 | $219,000 | 2026-03-24 |
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 |
|---|---|---|---|---|---|---|
| 18146 NW 61st Pl | single_family | 4 | 3 | 1,881 | $699,000 | — |
| 7033 NW 169th St | single_family | 4 | 3 | 1,585 | $464,500 | — |
| 19240 NW 60th Ct | single_family | 4 | 2 | 1,998 | $650,000 | — |
| 17343 NW 66th Pl | townhomes | 4 | 3 | 1,990 | $580,000 | — |
| 7858 NW 171st St | single_family | 4 | 2 | 1,854 | $759,900 | — |
| 7125 NW 173rd Dr Apt 2401 | townhomes | 4 | 3 | 1,598 | $379,000 | — |
| 18318 NW 61st Ct | single_family | 4 | 3 | 1,812 | $635,000 | — |
| 6324 NW 201st Ln | single_family | 4 | 2 | 2,293 | $885,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $647,870 | -$3,683 | -$43,883 | $497,744 | $150,126 |
| 2 | $667,306 | -$3,647 | -$43,881 | $491,914 | $175,392 |
| 3 | $687,325 | -$3,606 | -$43,876 | $485,683 | $201,642 |
| 4 | $707,945 | -$3,560 | -$43,867 | $479,024 | $228,921 |
| 5 | $729,183 | -$3,509 | -$43,853 | $471,908 | $257,275 |
| 6 | $751,059 | -$3,452 | -$43,835 | $464,303 | $286,755 |
| 7 | $773,591 | -$3,390 | -$43,812 | $456,177 | $317,414 |
| 8 | $796,798 | -$3,321 | -$43,784 | $447,492 | $349,307 |
| 9 | $820,702 | -$3,247 | -$43,750 | $438,210 | $382,492 |
| 10 | $845,323 | -$3,165 | -$43,712 | $428,291 | $417,032 |