| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,250,000 |
| Down payment (20.0%) | $650,000 |
| Loan amount | $2,600,000 |
| Closing costs (5.0%) | $162,500 |
| Total cash to close | $812,500 |
| Income | |
| Rent (comp-derived) | $38,498$461,970 |
| Vacancy loss (8.0%) | |
| Effective gross income | $35,418$425,012 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,146$61,750 |
| Insurance (placeholder 0.8% of price) | $2,167$26,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,925$23,099 |
| Total operating expenses | $9,237$110,849 |
| 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) | $1,925$23,099 |
| 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 | 6 | 3,891 | $11,000 | 2025-01-16 | — | |
| single_family | 5 | 6 | 5,950 | $39,995 | 2026-03-11 | — | |
| single_family | 5 | 7 | 6,007 | $37,000 | 2026-06-11 | — | |
| single_family | 5 | 6 | 4,935 | $50,000 | 2026-06-10 | — |
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 |
|---|---|---|---|---|---|---|
| 4 Isla Bahia Dr | single_family | 5 | 5 | 5,287 | $9,900,000 | 2026-07-30 |
| 1517 SE 12th Ct | single_family | 5 | 5 | 4,782 | $5,600,000 | 2026-06-30 |
| 1017 SE 13th Ter | single_family | 5 | 4 | 2,733 | $2,100,000 | 2026-05-29 |
| 1511 S Ocean Dr | single_family | 5 | 4 | 2,952 | $1,800,000 | 2026-05-22 |
| 2024 Harbourview Dr | single_family | 5 | 6 | 4,621 | $2,995,000 | 2026-03-31 |
| 1733 SE 10th St | single_family | 5 | 7 | 5,760 | $9,900,000 | 2026-03-31 |
| 1125 SE 8th St | single_family | 5 | 4 | 3,274 | $2,600,000 | 2026-03-31 |
| 904 Ponce De Leon Dr | single_family | 5 | 4 | 3,624 | $2,950,000 | 2026-03-30 |
| 1429 SE 12th Ct | single_family | 5 | 5 | 6,000 | $2,625,000 | 2026-03-06 |
| 1020 Ponce De Leon Dr | single_family | 5 | 5 | 5,211 | $3,850,000 | 2026-01-29 |
| 721 SE 9th St | single_family | 5 | 6 | 4,366 | $3,160,000 | 2026-01-26 |
| 1544 Ponce De Leon Dr | single_family | 5 | 6 | 3,710 | $4,200,000 | 2025-12-31 |
| 1716 SE 11th St | single_family | 5 | 2 | 3,744 | $1,142,200 | 2025-12-10 |
| 1737 SE 13th St | single_family | 5 | 6 | 5,254 | $7,050,000 | 2025-09-23 |
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 |
|---|---|---|---|---|---|---|
| 1308 Seabreeze Blvd | single_family | 5 | 4 | 2,650 | $2,200,000 | — |
| 1500 SE 14th St | single_family | 5 | 8 | 5,424 | $6,749,000 | — |
| 1316 Cordova Rd | single_family | 5 | 8 | 5,591 | $7,950,000 | — |
| 1780 SE 9th St | single_family | 5 | 5 | 5,079 | $6,390,000 | — |
| 1550 Ponce De Leon Dr | single_family | 5 | 6 | 4,040 | $4,395,000 | — |
| 1016 SE 8th St | single_family | 5 | 6 | 3,907 | $4,195,000 | — |
| 12 Sylvan Ln | single_family | 5 | 6 | 6,878 | $6,900,000 | — |
| 1636 SE 14th St | single_family | 5 | 4 | 3,508 | $3,500,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,347,500 | $314,164 | $90,566 | $2,571,810 | $775,690 |
| 2 | $3,447,925 | $324,143 | $99,968 | $2,541,685 | $906,240 |
| 3 | $3,551,363 | $334,435 | $109,668 | $2,509,490 | $1,041,872 |
| 4 | $3,657,904 | $345,051 | $119,677 | $2,475,085 | $1,182,818 |
| 5 | $3,767,641 | $355,999 | $130,003 | $2,438,317 | $1,329,323 |
| 6 | $3,880,670 | $367,291 | $140,658 | $2,399,025 | $1,481,645 |
| 7 | $3,997,090 | $378,937 | $151,650 | $2,357,034 | $1,640,056 |
| 8 | $4,117,003 | $390,948 | $162,991 | $2,312,159 | $1,804,844 |
| 9 | $4,240,513 | $403,335 | $174,692 | $2,264,203 | $1,976,310 |
| 10 | $4,367,728 | $416,110 | $186,764 | $2,212,954 | $2,154,774 |