Amazing investment opportunity! This one bedroom one bath has some upgrades. Needs a little bit of love! Take advantage of the price and make it your own....Or keep it rented and make possitive cash flow. It is in a boutique style Condo building, walking distance to the Marlins Stadium, 2 blocks from the Historical Center of Little Havana. Walk to Brickell, 2 minutes to I-95 and 836 to get to anywhere in Miami. Excellent investment or first time buyer opportunity. Be where the action is for a fraction of the cost of Brickell. Unit is currently rented to a longtime tenant on a month to month basis. Best thing about this Condo is the very low maintenance dues and has passed the 40 yr recertification. No special asssessments in place. You can get financing. Don't wait. Lowest price in area.....
Property information
Homeowners Association
Association: Yes
Association Amenities: Elevators, Laundry
Association Fee: 336
Association Fee Frequency: Monthly
Association Fee Includes: CommonAreas, MaintenanceStructure, Parking, ReserveFund, Sewer, Trash, Water
Independent automated valuation models, none of them Realtor.com's own. They disagree — that spread is why the chart draws a band rather than one line.
Date
Event
Price
2026-08-27
Listed
$173,900
Real listing/price/sale history from US Real Estate Listings.
Permits history
No permit records on file for this address.
ZIP market snapshot (33130)
Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
Acquisition (one-time, not monthly/yearly)
Purchase price
$173,900
Down payment (20.0%)
$34,780
Loan amount
$139,120
Closing costs (5.0%)
$8,695
Total cash to close
$43,475
Income
Rent (comp-derived)
$3,150$37,800
Vacancy loss (8.0%)
Effective gross income
$2,898$34,776
Operating expenses
Property tax (real billed amount, county tax history)
$261$3,129
Insurance (est. scaled by flood & wind risk)
$174$2,087
HOA dues
$336$4,032
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$158$1,890
Total operating expenses
$928$11,138
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)
$158$1,890
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)
$0$0
Cash flow
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
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
1
2
783
$2,900
2026-08-21
—
apartment
1
1
640
$1,900
2026-08-21
—
apartment
1
1
644
$2,196
2024-04-12
—
apartment
1
1
531
$2,554
2025-02-12
—
condos
1
1
812
$3,800
2026-08-20
—
condos
1
2
843
$3,850
2026-08-19
—
condos
1
1
570
$1,200
2026-08-19
—
condos
1
1
782
$2,700
2026-08-19
—
condos
1
1
769
$4,500
2026-08-19
—
condos
1
1
693
$3,100
2026-08-19
—
condos
1
1
704
$2,750
2026-08-19
—
condos
1
1
541
$3,400
2026-08-19
—
condos
1
1
694
$3,150
2026-08-18
—
condos
1
1
693
$2,950
2026-08-18
—
condos
1
2
880
$5,200
2026-08-18
—
condos
1
2
754
$3,000
2026-08-18
—
condos
1
2
784
$3,300
2026-08-18
—
apartment
1
2
792
$4,250
2026-08-18
—
condos
1
1
769
$3,600
2026-08-18
—
condos
1
2
899
$3,000
2026-08-17
—
apartment
1
1
551
$2,050
2024-08-30
—
condos
1
2
866
$4,200
2026-08-15
—
condos
1
2
814
$2,700
2026-08-15
—
condos
1
1
658
$1,890
2026-08-14
—
condos
1
2
851
$3,600
2026-08-14
—
apartment
1
1
551
$1,800
2026-08-14
—
condos
1
2
885
$3,100
2026-08-14
—
condos
1
1
553
$3,200
2026-08-14
—
condos
1
1
630
$1,900
2026-08-13
—
condos
1
2
684
$3,600
2026-08-13
—
condos
1
1
546
$1,850
2026-08-13
—
apartment
1
1
594
$2,000
2026-08-13
—
apartment
1
1
700
$1,695
2026-08-13
—
condos
1
1
923
$3,575
2026-08-13
—
condos
1
2
792
$3,950
2026-08-13
—
condos
1
2
851
$3,750
2026-08-12
—
condos
1
2
776
$3,750
2026-08-12
—
apartment
1
1
730
$2,750
2025-01-03
—
condos
1
1
812
$3,400
2026-08-12
—
condos
1
1
761
$3,000
2026-08-12
—
condos
1
1
466
$4,000
2026-08-11
—
condos
1
1
737
$2,650
2026-08-11
—
condos
1
2
881
$4,150
2026-08-11
—
condos
1
2
825
$3,300
2026-08-11
—
condos
1
2
880
$4,475
2026-08-10
—
condos
1
2
785
$3,100
2026-08-10
—
condos
1
1
699
$3,800
2026-08-10
—
apartment
1
2
627
$1,650
2026-08-09
—
apartment
1
1
617
$2,117
2026-03-10
—
condos
1
1
832
$2,900
2026-08-08
—
apartment
1
1
548
$1,900
2026-08-08
—
apartment
1
1
694
$2,399
2024-12-11
—
condos
1
1
812
$3,450
2026-08-07
—
condos
1
1
812
$3,500
2026-08-07
—
condos
1
1
541
$3,050
2026-08-07
—
condos
1
1
877
$3,500
2026-08-07
—
condos
1
2
814
$2,900
2026-08-06
—
condos
1
1
828
$3,400
2026-08-06
—
condos
1
1
707
$3,100
2026-08-06
—
condos
1
2
686
$2,950
2026-08-06
—
condos
1
2
649
$3,690
2026-08-06
—
condos
1
2
795
$3,350
2026-08-06
—
condos
1
2
883
$5,000
2026-08-05
—
condos
1
2
649
$3,700
2026-08-05
—
condos
1
1
638
$2,650
2026-07-27
—
apartment
1
1
664
$2,904
2026-07-27
—
condos
1
2
802
$3,250
2026-07-25
—
condos
1
2
866
$3,900
2026-07-24
—
condos
1
2
795
$2,900
2026-07-24
—
condos
1
1
707
$2,995
2026-07-24
—
condos
1
1
698
$2,750
2026-07-23
—
condos
1
2
881
$4,500
2026-07-23
—
apartment
1
1
769
$3,600
2026-07-23
—
condos
1
2
866
$4,200
2026-07-23
—
condos
1
1
850
$2,800
2026-07-22
—
condos
1
2
754
$2,900
2026-07-22
—
condos
1
2
881
$4,400
2026-07-22
—
condos
1
1
698
$2,600
2026-07-21
—
condos
1
1
669
$1,950
2026-07-21
—
condos
1
1
736
$2,900
2026-07-21
—
condos
1
2
649
$3,750
2026-07-21
—
condos
1
1
812
$3,400
2026-07-21
—
condos
1
1
696
$2,495
2026-07-21
—
condos
1
1
638
$2,850
2026-07-20
—
condos
1
1
710
$2,450
2026-07-20
—
condos
1
2
602
$2,600
2026-07-20
—
condos
1
2
842
$5,900
2026-07-20
—
condos
1
1
704
$2,800
2026-07-20
—
condos
1
2
782
$3,000
2026-07-19
—
condos
1
2
868
$3,200
2026-07-18
—
condos
1
2
795
$3,100
2026-07-18
—
condos
1
2
880
$4,900
2026-07-17
—
condos
1
2
785
$3,250
2026-07-16
—
condos
1
2
738
$5,000
2026-07-16
—
condos
1
1
761
$3,000
2026-07-16
—
condos
1
2
838
$4,200
2026-07-15
—
condos
1
2
686
$2,850
2026-07-15
—
condos
1
2
881
$4,100
2026-07-14
—
condos
1
1
769
$3,900
2026-07-13
—
condos
1
1
541
$3,200
2026-07-13
—
condos
1
1
782
$2,600
2026-07-13
—
condos
1
1
698
$2,300
2026-07-13
—
condos
1
2
845
$3,550
2026-07-13
—
apartment
1
2
825
$2,850
2026-07-13
—
condos
1
2
785
$3,200
2026-07-13
—
apartment
1
1
600
$1,800
2026-08-29
—
condos
1
1
819
$3,600
2026-07-10
—
condos
1
1
625
$1,900
2026-07-09
—
condos
1
2
705
$2,750
2026-07-08
—
condos
1
1
923
$3,900
2026-07-07
—
condos
1
2
846
$2,975
2026-07-07
—
condos
1
1
704
$2,750
2026-07-07
—
condos
1
1
694
$3,000
2026-07-07
—
condos
1
1
609
$3,625
2026-07-06
—
condos
1
1
693
$2,800
2026-07-06
—
condos
1
1
638
$2,000
2026-07-05
—
condos
1
1
694
$3,000
2026-07-03
—
condos
1
1
877
$4,000
2026-07-03
—
condos
1
1
600
$1,585
2026-07-03
—
condos
1
2
789
$3,100
2026-07-02
—
condos
1
2
796
$2,600
2026-07-01
—
condos
1
1
605
$1,850
2026-07-01
—
condos
1
1
728
$2,450
2026-06-30
—
condos
1
1
769
$3,250
2026-06-30
—
condos
1
1
696
$2,500
2026-06-30
—
condos
1
1
722
$2,700
2026-06-30
—
condos
1
2
649
$3,800
2026-06-30
—
condos
1
2
754
$3,000
2026-06-29
—
condos
1
1
848
$2,950
2026-06-26
—
condos
1
1
693
$3,000
2026-06-26
—
condos
1
2
737
$2,775
2026-06-26
—
apartment
1
1
550
$2,050
2025-11-12
—
condos
1
2
785
$2,900
2026-06-25
—
condos
1
2
846
$3,200
2026-06-24
—
condos
1
1
570
$3,500
2026-06-24
—
condos
1
2
889
$4,500
2026-06-24
—
condos
1
1
832
$2,700
2026-06-24
—
condos
1
2
781
$3,200
2026-06-23
—
condos
1
1
742
$3,550
2026-06-20
—
condos
1
1
698
$2,700
2026-06-18
—
condos
1
2
886
$4,750
2026-06-18
—
condos
1
2
866
$4,300
2026-06-18
—
condos
1
1
570
$3,250
2026-06-11
—
apartment
1
2
814
$2,700
2026-06-18
—
condos
1
1
812
$3,600
2026-06-18
—
condos
1
1
768
$3,100
2026-06-17
—
condos
1
2
849
$4,500
2026-06-17
—
condos
1
2
795
$2,700
2026-06-17
—
condos
1
1
541
$3,000
2026-06-17
—
condos
1
2
881
$4,300
2026-06-17
—
condos
1
2
860
$2,700
2026-06-17
—
apartment
1
1
609
$3,950
2026-06-17
—
apartment
1
1
697
$1,999
2026-06-17
—
condos
1
2
738
$3,800
2026-06-12
—
condos
1
2
881
$4,100
2026-06-12
—
condos
1
1
530
$1,650
2026-06-12
—
condos
1
2
649
$4,000
2026-06-10
—
condos
1
2
883
$4,800
2026-06-10
—
condos
1
2
866
$3,990
2026-06-10
—
apartment
1
1
633
$2,050
2026-06-08
—
condos
1
1
828
$3,290
2026-06-08
—
apartment
1
1.5
800
$2,000
2025-02-14
—
condos
1
2
870
$4,200
2026-06-08
—
apartment
1
2
889
$5,500
2026-06-04
—
condos
1
1
694
$2,800
2026-06-04
—
condos
1
2
780
$3,200
2026-06-03
—
condos
1
2
881
$4,500
2026-06-02
—
condos
1
2
843
$3,800
2026-05-31
—
condos
1
2
883
$4,500
2026-05-31
—
apartment
1
2
860
$2,700
2026-05-30
—
condos
1
1
764
$2,850
2026-05-30
—
condos
1
1
814
$2,750
2026-05-29
—
condos
1
2
883
$5,200
2026-05-29
—
condos
1
2
866
$3,900
2026-05-29
—
condos
1
2
885
$3,100
2026-05-28
—
condos
1
1
615
$1,950
2026-05-28
—
condos
1
1
814
$2,800
2026-05-27
—
condos
1
1
705
$3,000
2026-05-27
—
apartment
1
1
519
$2,044
2026-05-22
—
condos
1
1
764
$2,750
2026-05-26
—
condos
1
2
849
$4,000
2026-05-23
—
condos
1
2
738
$3,700
2026-05-23
—
condos
1
2
784
$3,090
2026-05-20
—
condos
1
2
649
$3,400
2026-05-20
—
condos
1
2
684
$3,395
2026-05-20
—
condos
1
2
754
$2,900
2026-05-18
—
condos
1
1
825
$2,900
2026-05-13
—
condos
1
2
649
$3,700
2026-05-13
—
condos
1
1
693
$2,975
2026-05-13
—
condos
1
1
699
$4,000
2026-05-12
—
apartment
1
1
500
$1,700
2026-05-12
—
apartment
1
1
908
$5,580
2026-05-08
—
condos
1
2
851
$3,825
2026-05-04
—
condos
1
1
570
$3,995
2026-05-04
—
condos
1
1
812
$3,500
2026-05-04
—
apartment
1
1
770
$2,100
2026-05-01
—
condos
1
1
609
$3,350
2026-05-01
—
apartment
1
1
624
$1,675
2026-07-20
—
condos
1
2
849
$5,700
2026-04-28
—
condos
1
1
722
$2,800
2026-08-04
—
apartment
1
2
852
$3,850
2026-08-04
—
apartment
1
2
886
$4,500
2026-08-04
—
condos
1
2
826
$4,000
2026-08-03
—
condos
1
1
541
$3,500
2026-08-03
—
condos
1
2
880
$4,850
2026-08-03
—
condos
1
1
460
$1,500
2026-08-03
—
condos
1
2
838
$4,450
2026-08-02
—
condos
1
1
704
$2,800
2026-08-02
—
apartment
1
1
566
$1,900
2026-05-05
—
condos
1
1
541
$3,200
2026-07-31
—
condos
1
1
648
$2,900
2026-07-31
—
condos
1
2
860
$2,750
2026-07-31
—
apartment
1
2
780
$3,000
2026-07-30
—
condos
1
1
707
$2,800
2026-07-30
—
apartment
1
1
550
$1,700
2025-06-10
—
condos
1
2
783
$2,650
2026-07-29
—
condos
1
1
570
$3,995
2026-07-29
—
condos
1
1
825
$1,500
2026-07-29
—
condos
1
1
789
$2,650
2026-07-29
—
condos
1
1
731
$2,450
2026-07-28
—
condos
1
2
738
$3,500
2026-07-28
—
condos
1
1
646
$3,150
2026-07-28
—
condos
1
1
638
$2,650
2026-07-28
—
condos
1
2
881
$4,500
2026-07-28
—
condos
1
1
676
$3,400
2026-07-28
—
condos
1
2
805
$4,800
2026-07-28
—
condos
1
1
769
$3,400
2026-07-28
—
condos
1
2
825
$2,900
2026-07-27
—
condos
1
1
814
$2,900
2026-07-27
—
condos
1
1
693
$3,000
2026-07-27
—
apartment
1
1
648
$2,050
2024-04-12
—
condos
1
1
550
$2,285
2024-04-21
—
apartment
1
1
604
$1,650
2026-08-26
—
condos
1
2
838
$2,595
2026-08-24
—
condos
1
1
616
$2,200
2026-08-24
—
condos
1
1
736
$2,750
2026-08-25
—
condos
1
2
665
$3,000
2026-08-24
—
condos
1
2
885
$3,100
2026-08-24
—
condos
1
1
760
$3,200
2026-08-24
—
apartment
1
1
510
$1,675
2026-04-21
—
condos
1
1
740
$2,800
2026-08-22
—
apartment
1
2
899
$3,000
2026-04-11
—
apartment
1
1
600
$1,800
2026-04-07
—
apartment
1
1
620
$2,800
2025-11-05
—
apartment
1
1
703
$2,500
2026-04-16
—
condos
1
1
635
$1,950
2026-03-14
—
condos
1
2
780
$3,500
2026-01-12
—
condos
1
1
768
$2,600
2026-04-17
—
condos
1
2
849
$4,200
2026-04-21
—
condos
1
1
650
$1,950
2026-03-19
—
condos
1
1
674
$3,550
2026-01-23
—
condos
1
2
776
$3,700
2023-04-06
—
condos
1
1
516
$3,000
2026-01-22
—
condos
1
1
814
$3,075
2026-04-04
—
condos
1
2
851
$3,800
2026-04-19
—
condos
1
2
852
$3,900
2026-03-25
—
condos
1
2
776
$3,900
2026-02-04
—
condos
1
2
649
$4,000
2025-09-28
—
condos
1
2
826
$4,300
2026-04-01
—
condos
1
2
776
$4,150
2026-04-21
—
condos
1
2
705
$2,700
—
—
condos
1
2
843
$3,850
—
—
condos
1
2
776
$3,500
2026-08-21
—
apartment
1
1
687
$2,685
—
—
apartment
1
1
687
$2,735
—
—
apartment
1
1
687
$2,735
—
—
apartment
1
1
758
$2,905
—
—
apartment
1
1
687
$2,760
—
—
apartment
1
1
730
$3,010
—
—
apartment
1
1
758
$3,105
—
—
apartment
1
1
773
$3,130
—
—
apartment
1
1
739
$3,185
—
—
apartment
1
1
752
$3,165
—
—
apartment
1
1
730
$3,160
—
—
apartment
1
1
739
$3,160
—
—
apartment
1
1
784
$3,200
—
—
apartment
1
1
730
$3,310
—
—
apartment
1
1
784
$3,400
—
—
apartment
1
1
758
$3,380
—
—
apartment
1
1
739
$3,585
—
—
apartment
1
1
730
$3,585
—
—
condos
1
2
850
$4,200
—
—
condos
1
2
776
$3,900
—
—
apartment
1
1
772
$3,400
—
—
apartment
1
1
580
$2,120
—
—
apartment
1
1
809
$3,406
—
—
apartment
1
1
701
$2,120
—
—
apartment
1
1
783
$3,885
—
—
apartment
1
1
870
$2,800
—
—
apartment
1
1
778
$2,682
—
—
condos
1
1
752
$2,530
—
—
apartment
1
1
670
$3,394
—
—
apartment
1
1
694
$2,399
—
—
apartment
1
1
783
$3,632
—
—
apartment
1
1
660
$2,747
—
—
apartment
1
1
752
$2,990
—
—
apartment
1
1
701
$2,120
—
—
apartment
1
1
643
$2,120
—
—
apartment
1
1
720
$2,450
—
—
apartment
1
1
694
$2,450
—
—
apartment
1
1
614
$3,119
—
—
apartment
1
1
750
$2,809
—
—
apartment
1
2
861
$2,859
—
—
condos
1
1
605
$1,900
2026-08-28
—
condos
1
2
672
$1,975
2026-08-28
—
condos
1
1
638
$2,849
2026-08-26
—
condos
1
1
693
$3,400
2026-08-26
—
condos
1
2
866
$5,700
2026-08-26
—
condos
1
2
638
$3,400
2026-08-24
—
condos
1
1
819
$3,600
2026-08-25
—
condos
1
2
852
$3,850
2026-08-25
—
condos
1
2
792
$4,200
2026-08-25
—
condos
1
2
649
$3,600
2026-08-25
—
condos
1
1
832
$2,775
2026-04-02
—
condos
1
2
872
$4,200
2026-04-13
—
condos
1
1
553
$3,200
—
—
apartment
1
1
792
$3,262
—
—
apartment
1
1
773
$2,624
—
—
apartment
1
1
800
$2,677
—
—
apartment
1
1
800
$2,869
—
—
apartment
1
1
778
$2,927
—
—
apartment
1
1
531
$2,863
—
—
apartment
1
1
614
$3,074
—
—
apartment
1
1
670
$4,084
—
—
condos
1
2
792
$3,950
—
—
apartment
1
1
764
$3,103
—
—
apartment
1
1
670
$3,379
—
—
apartment
1
1
595
$2,120
—
—
apartment
1
1
694
$2,475
—
—
apartment
1
1
783
$3,787
—
—
apartment
1
2
861
$2,909
—
—
apartment
1
1
775
$2,859
—
—
apartment
1
1
876
$2,929
—
—
apartment
1
1
701
$2,720
—
—
apartment
1
1
800
$2,902
—
—
apartment
1
1
775
$2,789
—
—
apartment
1
1
750
$2,809
—
—
apartment
1
1
770
$2,883
—
—
apartment
1
1
701
$2,710
—
—
apartment
1
1
701
$2,740
—
—
apartment
1
1
841
$2,990
—
—
apartment
1
1
660
$2,878
—
—
apartment
1
1
670
$4,313
—
—
apartment
1
1
657
$2,740
—
—
apartment
1
1
747
$2,789
—
—
apartment
1
1
747
$2,779
—
—
apartment
1
1
770
$2,919
—
—
apartment
1
1
750
$2,839
—
—
apartment
1
1
750
$2,875
—
—
apartment
1
1
670
$4,350
—
—
apartment
1
1
670
$3,963
—
—
apartment
1
1
664
$2,919
—
—
apartment
1
1
664
$2,796
—
—
apartment
1
1
841
$3,030
—
—
apartment
1
1
830
$3,229
—
—
apartment
1
2
861
$3,239
—
—
apartment
1
1
830
$3,229
—
—
apartment
1
1
876
$3,349
—
—
apartment
1
1
614
$3,228
—
—
apartment
1
1
773
$3,226
—
—
apartment
1
1
747
$3,209
—
—
apartment
1
1
809
$3,246
—
—
apartment
1
1
614
$3,194
—
—
apartment
1
2
861
$3,289
—
—
apartment
1
1
614
$3,184
—
—
apartment
1
1
670
$3,419
—
—
apartment
1
1
809
$3,411
—
—
apartment
1
1
809
$3,381
—
—
apartment
1
1
670
$5,950
—
—
apartment
1
2
738
$4,000
—
—
apartment
1
1
736
$4,358
—
—
apartment
1
1
841
$3,220
—
—
apartment
1
1
841
$3,200
—
—
apartment
1
1
809
$3,606
—
—
apartment
1
1
783
$3,637
—
—
apartment
1
1
908
$6,800
—
—
apartment
1
1
783
$3,717
—
—
apartment
1
1
783
$3,667
—
—
apartment
1
1
750
$3,712
—
—
apartment
1
1
750
$3,722
—
—
apartment
1
1
809
$3,922
—
—
apartment
1
1
750
$3,922
—
—
apartment
1
1
828
$4,153
—
—
apartment
1
1
670
$4,113
—
—
apartment
1
1
828
$4,153
—
—
apartment
1
1
698
$4,165
—
—
apartment
1
1
828
$4,353
—
—
apartment
1
1
908
$4,373
—
—
apartment
1
1
908
$4,383
—
—
apartment
1
1
698
$4,266
—
—
apartment
1
1
670
$4,718
—
—
apartment
1
1
750
$4,726
—
—
apartment
1
1
736
$4,558
—
—
apartment
1
1
750
$4,827
—
—
apartment
1
1
908
$5,728
—
—
apartment
1
1
908
$5,925
—
—
apartment
1
1
908
$5,625
—
—
condos
1
1
693
$3,200
2025-10-20
—
apartment
1
1
650
$1,600
2024-04-15
—
apartment
1
1
517
$1,900
2026-09-02
—
condos
1
2
738
$3,500
2026-08-31
—
condos
1
2
880
$4,850
—
—
apartment
1
1
510
$1,900
2026-09-02
—
condos
1
1
821
$3,750
2026-09-01
—
condos
1
1
814
$3,500
2026-09-01
—
condos
1
2
843
$3,850
2026-09-01
—
condos
1
1
722
$2,750
2026-09-01
—
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.
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.
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.