| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $439,000 |
| Down payment (20.0%) | $87,800 |
| Loan amount | $351,200 |
| Closing costs (5.0%) | $21,950 |
| Total cash to close | $109,750 |
| Income | |
| Rent (comp-derived) | $3,238$38,856 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,979$35,748 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $695$8,341 |
| Insurance (placeholder 0.8% of price) | $293$3,512 |
| HOA dues | $527$6,324 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $162$1,943 |
| Total operating expenses | $1,677$20,120 |
| 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) | $162$1,943 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 1 | 1,500 | $2,900 | 2026-07-03 | — | |
| condos | 3 | 3 | 1,510 | $3,200 | 2026-08-06 | — | |
| apartment | 3 | 2 | 1,638 | $3,276 | — | — | |
| apartment | 3 | 2 | 1,638 | $3,276 | — | — |
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 |
|---|---|---|---|---|---|---|
| 6115 NW 186th St Apt 104 | condos | 3 | 2 | 1,255 | $175,000 | 2026-08-05 |
| 17415 NW 75th Pl Apt 103 | condos | 3 | 2 | 1,220 | $295,000 | 2026-07-31 |
| 19300 W Lake Dr | condo_townhome_rowhome_coop | 3 | 3 | 1,854 | $535,000 | 2026-06-26 |
| 6930 NW 179th St Unit 107-8 | condos | 3 | 2 | 1,186 | $310,000 | 2026-06-25 |
| 6360 NW 170th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,115 | $407,000 | 2026-06-08 |
| 6701 NW 169th St Apt B304 | condos | 3 | 2 | 1,068 | $232,500 | 2026-05-29 |
| 17000 NW 67th Ave Apt 126 | condos | 3 | 2 | 1,194 | $280,000 | 2026-05-04 |
| 6755 NW 182nd St Apt 104 | condo_townhome_rowhome_coop | 3 | 3 | 1,180 | $320,793 | 2026-04-23 |
| 18752 NW 84th Pl Unit 606-6 | condos | 3 | 2 | 1,261 | $420,000 | 2026-04-15 |
| 6442 NW 170th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,115 | $385,000 | 2026-04-13 |
| 6940 NW 179th St Unit 108-7 | condos | 3 | 2 | 1,186 | $320,000 | 2026-04-13 |
| 17600 NW 68th Ave Apt B2004 | condos | 3 | 2 | 1,130 | $232,500 | 2026-04-07 |
| 18370 Mediterranean Blvd Unit 1-25 | condos | 3 | 2 | 1,100 | $285,000 | 2026-03-16 |
| 7241 NW 174th Ter Apt 103 | condos | 3 | 2 | 987 | $305,000 | 2026-02-03 |
| 17425 NW 75th Pl Apt 106 | condos | 3 | 2 | 1,220 | $365,000 | 2026-01-28 |
| 18224 Mediterranean Blvd Unit 6-1706 | condos | 3 | 2 | 1,100 | $275,000 | 2026-01-16 |
| 17000 NW 67th Ave Apt 335 | condos | 3 | 2 | 1,194 | $250,000 | 2025-12-31 |
| 7320 Coldstream Dr | condo_townhome_rowhome_coop | 3 | 2 | 2,069 | $575,000 | 2025-12-22 |
| 18350 NW 68th Ave Apt F | condos | 3 | 2 | 1,100 | $295,000 | 2025-12-16 |
| 8250 NW 191st St Unit 10D | condos | 3 | 2 | 1,170 | $329,000 | 2025-11-24 |
| 18821 NW 84th Ct Unit 705-7 | condos | 3 | 2 | 1,261 | $458,000 | 2025-11-21 |
| 7322 Stardust Dr | condo_townhome_rowhome_coop | 3 | 2 | 1,386 | $460,000 | 2025-11-20 |
| 6900 NW 179th St Unit 101-1 | condos | 3 | 2 | 992 | $317,000 | 2025-10-20 |
| 7145 NW 173rd Dr Apt 1108 | condos | 3 | 3 | 1,320 | $365,000 | 2025-10-15 |
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 |
|---|---|---|---|---|---|---|
| 6795 Brookline Dr Unit 6795 | condos | 3 | 3 | 3,504 | $645,000 | — |
| 6061 NW 198th Ter | single_family | 3 | 3 | 1,540 | $645,000 | — |
| 19331 NW 57th Ct | single_family | 3 | 2 | 1,371 | $720,000 | — |
| 17831 NW 84th Ct | single_family | 3 | 2 | 1,719 | $1,050,000 | — |
| 8601 NW 192nd Ter | single_family | 3 | 2 | 1,353 | $599,900 | — |
| 8126 NW 199th Ter | single_family | 3 | 3 | 1,648 | $665,000 | — |
| 8165 NW 187th Ter | single_family | 3 | 2 | 1,327 | $610,000 | — |
| 8266 NW 192nd Ter | single_family | 3 | 2 | 1,353 | $545,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $452,170 | $15,628 | -$13,398 | $347,392 | $104,778 |
| 2 | $465,735 | $16,197 | -$12,877 | $343,323 | $122,412 |
| 3 | $479,707 | $16,786 | -$12,338 | $338,974 | $140,733 |
| 4 | $494,098 | $17,395 | -$11,780 | $334,327 | $159,772 |
| 5 | $508,921 | $18,026 | -$11,202 | $329,360 | $179,561 |
| 6 | $524,189 | $18,677 | -$10,604 | $324,052 | $200,136 |
| 7 | $539,915 | $19,352 | -$9,984 | $318,380 | $221,534 |
| 8 | $556,112 | $20,049 | -$9,343 | $312,319 | $243,793 |
| 9 | $572,795 | $20,770 | -$8,680 | $305,841 | $266,954 |
| 10 | $589,979 | $21,516 | -$7,994 | $298,918 | $291,061 |