| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,480,000 |
| Down payment (20.0%) | $696,000 |
| Loan amount | $2,784,000 |
| Closing costs (5.0%) | $174,000 |
| Total cash to close | $870,000 |
| Income | |
| Rent (comp-derived) | $21,000$252,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $19,320$231,840 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,510$66,120 |
| Insurance (placeholder 0.8% of price) | $2,320$27,840 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,050$12,600 |
| Total operating expenses | $8,880$106,560 |
| 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) | $1,050$12,600 |
| 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 | 5 | 4 | 2,452 | $21,000 | 2026-08-17 | — | |
| single_family | 5 | 3 | 2,592 | $14,000 | 2026-07-27 | — | |
| single_family | 5 | 4 | 3,200 | $17,500 | 2026-07-01 | — | |
| single_family | 5 | 4 | 3,114 | $16,000 | 2026-06-17 | — | |
| single_family | 5 | 5 | 3,721 | $21,500 | 2026-05-27 | — | |
| single_family | 5 | 7 | 4,173 | $49,000 | 2026-07-28 | — | |
| single_family | 5 | 3 | 2,189 | $12,000 | 2026-04-02 | — | |
| single_family | 5 | 6 | 4,253 | $30,000 | — | — | |
| single_family | 5 | 5 | 3,629 | $25,000 | — | — | |
| single_family | 5 | 4 | 3,160 | $21,000 | 2026-08-27 | — | |
| single_family | 5 | 5 | 4,003 | $17,500 | 2026-07-15 | — | |
| single_family | 5 | 6 | 4,253 | $30,000 | 2025-11-24 | — | |
| single_family | 5 | 4 | 2,470 | $7,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1880 S Bayshore Dr | single_family | 5 | 5 | 4,442 | $3,100,000 | 2026-08-11 |
| 4095 Hardie Ave | single_family | 5 | 7 | 3,736 | $5,000,000 | 2026-08-05 |
| 30 Samana Dr | single_family | 5 | 7 | 4,964 | $7,525,000 | 2026-08-04 |
| 2521 Lincoln Ave | single_family | 5 | 6 | — | $6,000,000 | 2026-07-28 |
| 3211 Morris Ln | single_family | 5 | 4 | 3,439 | $2,800,000 | 2026-06-15 |
| 4191 Battersea Rd | single_family | 5 | 6 | 3,882 | $5,305,900 | 2026-06-11 |
| 3090 Munroe Dr | single_family | 5 | 6 | 6,508 | $22,975,000 | 2026-05-21 |
| 1755 Fairhaven Pl | single_family | 5 | 6 | 5,378 | $8,387,500 | 2026-05-20 |
| 2980 Coconut Ave | single_family | 5 | 5 | 4,059 | $3,050,000 | 2026-05-19 |
| 4090 Hardie Ave | single_family | 5 | 5 | 3,902 | $5,675,000 | 2026-05-06 |
| 4110 Park Ave | single_family | 5 | 5 | 4,160 | $5,300,000 | 2026-04-23 |
| 4081 Hardie Ave | single_family | 5 | 7 | 4,188 | $5,790,000 | 2026-04-21 |
| 3861 Kumquat Ave | single_family | 5 | 3 | 4,670 | $3,700,000 | 2026-04-08 |
| 144 N Prospect Dr | single_family | 5 | 6 | 5,212 | $4,600,000 | 2026-04-03 |
| 1668 Tigertail Ave | single_family | 5 | 7 | 3,379 | $5,395,000 | 2026-03-20 |
| 4039 Ventura Ave | single_family | 5 | 5 | 4,687 | $4,200,000 | 2026-03-16 |
| 4010 Park Ave | single_family | 5 | 6 | 4,304 | $5,400,000 | 2026-03-12 |
| 4024 Bonita Ave | single_family | 5 | 6 | 4,197 | $6,700,000 | 2026-03-10 |
| 1672 Micanopy Ave | single_family | 5 | 6 | 4,602 | $3,775,000 | 2026-03-06 |
| 2730 SW 17th Ave | single_family | 5 | 5 | 4,698 | $4,200,000 | 2026-02-27 |
| 4160 Lybyer Ave | single_family | 5 | 5 | 2,700 | $3,200,000 | 2026-02-26 |
| 3333 Poinciana Ave | single_family | 5 | 7 | 7,642 | $15,000,000 | 2026-02-26 |
| 2324 SW 26th St | single_family | 5 | 6 | 3,650 | $2,750,000 | 2026-02-23 |
| 3670 Avocado Ave | single_family | 5 | 6 | 4,161 | $5,600,000 | 2026-02-06 |
| 3566 Rockerman Rd | single_family | 5 | 5 | 3,572 | $4,100,000 | 2026-02-06 |
| 1866 Tigertail Ave | single_family | 5 | 5 | 4,455 | $4,700,000 | 2026-02-05 |
| 3470 Poinciana Ave | single_family | 5 | 6 | 4,676 | $7,600,000 | 2026-01-28 |
| 2805 Freeman St | single_family | 5 | 6 | 4,972 | $5,585,000 | 2026-01-09 |
| 1870 S Bayshore Dr | single_family | 5 | 5 | 4,611 | $2,775,000 | 2026-01-08 |
| 3950 Hardie Ave | single_family | 5 | 4 | 3,518 | $3,300,000 | 2025-12-19 |
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 |
|---|---|---|---|---|---|---|
| 2627 S Bayshore Dr Apt 3201 | condos | 5 | 8 | 7,061 | $20,900,000 | — |
| 2675 S Bayshore Dr Unit 602S | condos | 5 | 6 | 4,085 | $7,800,000 | — |
| 3460 S Moorings Way | single_family | 5 | 7 | 6,720 | $10,950,000 | — |
| 3400 S Moorings Way | single_family | 5 | 8 | 6,768 | $9,750,000 | — |
| 3170 SW 26th St | multi_family | 5 | 3 | 2,287 | $930,000 | — |
| 3579 Avocado Ave | single_family | 5 | 6 | 4,651 | $6,950,000 | — |
| 291 Shore Dr E | single_family | 5 | 4 | 2,285 | $3,975,000 | — |
| 8 Pinta Rd | single_family | 5 | 4 | 3,682 | $2,999,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,584,400 | $125,280 | -$102,009 | $2,753,815 | $830,585 |
| 2 | $3,691,932 | $129,571 | -$98,033 | $2,721,558 | $970,374 |
| 3 | $3,802,690 | $134,004 | -$93,922 | $2,687,085 | $1,115,605 |
| 4 | $3,916,771 | $138,584 | -$89,673 | $2,650,245 | $1,266,525 |
| 5 | $4,034,274 | $143,316 | -$85,281 | $2,610,875 | $1,423,398 |
| 6 | $4,155,302 | $148,203 | -$80,741 | $2,568,802 | $1,586,500 |
| 7 | $4,279,961 | $153,252 | -$76,049 | $2,523,839 | $1,756,122 |
| 8 | $4,408,360 | $158,468 | -$71,199 | $2,475,789 | $1,932,571 |
| 9 | $4,540,611 | $163,855 | -$66,186 | $2,424,439 | $2,116,171 |
| 10 | $4,676,829 | $169,420 | -$61,005 | $2,369,563 | $2,307,266 |