| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $110,000 |
| Down payment (20.0%) | $22,000 |
| Loan amount | $88,000 |
| Closing costs (5.0%) | $5,500 |
| Total cash to close | $27,500 |
| Income | |
| Rent (comp-derived) | $1,700$20,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,564$18,768 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $174$2,090 |
| Insurance (placeholder 0.8% of price) | $73$880 |
| HOA dues | $222$2,664 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $85$1,020 |
| Total operating expenses | $555$6,654 |
| 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) | $85$1,020 |
| 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 | 1 | 1 | 801 | $1,700 | 2026-08-08 | — | |
| condos | 1 | 1 | 775 | $1,650 | 2026-08-05 | — | |
| condos | 1 | 1 | 801 | $1,700 | 2026-07-23 | — | |
| condos | 1 | 1 | 660 | $1,650 | 2026-07-12 | — | |
| condos | 1 | 1 | 650 | $1,600 | 2026-07-01 | — | |
| condos | 1 | 1 | 650 | $1,600 | 2026-06-27 | — | |
| condos | 1 | 1 | 660 | $1,500 | 2026-06-26 | — | |
| condos | 1 | 1 | 779 | $1,550 | 2026-06-20 | — | |
| condos | 1 | 1 | 779 | $1,850 | 2026-06-10 | — | |
| condos | 1 | 1 | 692 | $1,500 | 2026-06-02 | — | |
| condos | 1 | 1 | 400 | $1,400 | 2026-05-26 | — | |
| apartment | 1 | 1 | 675 | $1,625 | 2024-12-20 | — | |
| condos | 1 | 1 | 660 | $1,775 | 2026-04-07 | — | |
| condos | 1 | 1 | 600 | $1,450 | 2026-02-05 | — | |
| condos | 1 | 1 | 686 | $1,700 | 2026-03-02 | — | |
| apartment | 1 | 1 | 675 | $1,625 | — | — | |
| apartment | 1 | 1 | 594 | $1,700 | — | — | |
| apartment | 1 | 1 | 781 | $2,194 | — | — | |
| apartment | 1 | 1 | 675 | $1,855 | — | — | |
| apartment | 1 | 1 | 594 | $1,675 | — | — | |
| apartment | 1 | 1 | 594 | $1,700 | — | — | |
| apartment | 1 | 1 | 594 | $1,675 | — | — | |
| apartment | 1 | 1 | 574 | $1,750 | — | — | |
| apartment | 1 | 1 | 594 | $1,775 | — | — | |
| apartment | 1 | 1 | 594 | $1,700 | — | — | |
| apartment | 1 | 1 | 800 | $2,199 | — | — | |
| apartment | 1 | 1 | 800 | $1,700 | 2025-01-18 | — | |
| apartment | 1 | 1 | 781 | $2,149 | 2025-07-07 | — | |
| apartment | 1 | 1 | 692 | $1,700 | 2026-08-05 | — | |
| condos | 1 | 1 | 660 | $1,500 | 2026-07-12 | — | |
| condos | 1 | 1 | 660 | $15,000 | 2026-08-26 | — | |
| condos | 1 | 1 | 660 | $1,550 | 2026-05-14 | — | |
| apartment | 1 | 1 | 800 | $2,159 | — | — | |
| condos | 1 | 1 | 660 | $1,800 | 2026-01-30 | — | |
| apartment | 1 | 1 | 781 | $2,169 | — | — | |
| apartment | 1 | 1 | 781 | $2,169 | — | — | |
| apartment | 1 | 1 | 675 | $1,625 | — | — | |
| apartment | 1 | 1 | 800 | $2,184 | — | — | |
| apartment | 1 | 1 | 750 | $1,427 | — | — | |
| apartment | 1 | 1 | 675 | $1,855 | — | — | |
| apartment | 1 | 1 | 594 | $1,775 | — | — | |
| apartment | 1 | 1 | 594 | $1,700 | — | — | |
| apartment | 1 | 1 | 594 | $1,600 | — | — | |
| apartment | 1 | 1 | 594 | $1,750 | — | — | |
| apartment | 1 | 1 | 675 | $1,625 | — | — | |
| apartment | 1 | 1 | 594 | $1,700 | — | — | |
| apartment | 1 | 1 | 594 | $1,700 | — | — | |
| apartment | 1 | 1 | 594 | $1,725 | — | — | |
| apartment | 1 | 1 | 594 | $1,700 | — | — | |
| apartment | 1 | 1 | 594 | $1,675 | — | — | |
| apartment | 1 | 1 | 594 | $1,775 | — | — | |
| apartment | 1 | 1 | 675 | $1,625 | — | — | |
| apartment | 1 | 1 | 594 | $1,600 | — | — | |
| apartment | 1 | 1 | 781 | $2,149 | — | — | |
| apartment | 1 | 1 | 800 | $2,159 | — | — | |
| apartment | 1 | 1 | 800 | $2,204 | — | — | |
| apartment | 1 | 1 | 781 | $2,214 | — | — | |
| apartment | 1 | 1 | 781 | $2,219 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1540 NE 191st St Apt 140 | condos | 1 | 2 | 954 | $135,000 | 2026-08-31 |
| 175 NE 203rd Ter Apt 28 | condos | 1 | 1 | 692 | $93,000 | 2026-08-31 |
| 19051 NE 2nd Ave Apt 1514 | condos | 1 | 1 | 850 | $60,000 | 2026-08-28 |
| 1301 NE 191st St Unit F103 | condos | 1 | 2 | 898 | $175,000 | 2026-08-28 |
| 1200 NE Miami Gardens Dr Unit 605W | condos | 1 | 1 | 825 | $165,000 | 2026-08-24 |
| 1700 NE 191st St Apt 202 | condos | 1 | 1 | 686 | $105,000 | 2026-08-17 |
| 20311 NE 2nd Ave Apt 21 | condos | 1 | 1 | 692 | $90,000 | 2026-08-13 |
| 18900 NE 14th Ave Unit D106 | condos | 1 | 1 | 825 | $100,000 | 2026-08-11 |
| 1301 NE Miami Gardens Dr Apt 1424W | condos | 1 | 2 | 861 | $150,000 | 2026-08-07 |
| 70 NE 202nd Ter Apt T14 | condos | 1 | 1 | 660 | $50,000 | 2026-07-31 |
| 20850 San Simeon Way Unit 408-5 | condos | 1 | 2 | 1,100 | $180,000 | 2026-07-29 |
| 19001 NE 14th Ave Apt 107 | condos | 1 | 2 | 954 | $125,000 | 2026-07-24 |
| 20311 NE 2nd Ave Apt 27 | condos | 1 | 1 | 692 | $90,000 | 2026-07-16 |
| 1301 NE Miami Gardens Dr Apt 1124W | condos | 1 | 2 | 861 | $154,000 | 2026-07-13 |
| 18740 NE 18th Ave Apt 142 | condos | 1 | 1 | 660 | $176,000 | 2026-07-09 |
| 671 NE 195 St Unit 122E | condos | 1 | 2 | 952 | $134,000 | 2026-07-08 |
| 165 NE 203rd Ter Apt 30 | condos | 1 | 1 | 691 | $79,000 | 2026-07-02 |
| 1540 NE 191st St Apt 321 | condos | 1 | 2 | 954 | $140,000 | 2026-06-29 |
| 100 NE 203rd Ter Apt 14 | condos | 1 | 1 | 691 | $102,000 | 2026-06-18 |
| 20320 NE 2nd Ave Apt 7 | condos | 1 | 1 | 692 | $97,500 | 2026-06-17 |
| 1301 NE Miami Gardens Dr Apt 813W | condos | 1 | 2 | 861 | $127,000 | 2026-06-08 |
| 165 NE 203rd Ter Apt 31 | condos | 1 | 1 | 691 | $90,000 | 2026-06-05 |
| 1075 NE Miami Gardens Dr Unit 707 | condos | 1 | 2 | 873 | $190,000 | 2026-05-25 |
| 1680 NE 191st St Unit 107-2 | condos | 1 | 2 | 1,036 | $125,000 | 2026-05-22 |
| 285 NE 191st St Apt 2923 | condos | 1 | 1 | 660 | $53,500 | 2026-05-21 |
| 871 NE 195th St Apt 202 | condos | 1 | 2 | 1,091 | $150,000 | 2026-05-19 |
| 1780 NE 191st St Unit 806-2 | condos | 1 | 1 | 947 | $133,500 | 2026-05-18 |
| 1530 NE 191st St Apt 306 | condos | 1 | 2 | 954 | $157,000 | 2026-05-14 |
| 1301 NE Miami Gardens Dr Apt 824W | condos | 1 | 2 | 861 | $135,000 | 2026-05-14 |
| 1351 NE Miami Gardens Dr Apt 722E | condos | 1 | 2 | 861 | $164,000 | 2026-05-07 |
| 1200 NE Miami Gardens Dr Unit 905W | condos | 1 | 1 | 825 | $158,000 | 2026-05-05 |
| 52 NE 204th St Apt 6 | condos | 1 | 1 | 711 | $104,900 | 2026-05-01 |
| 20120 NE 2nd Ave Apt W20 | condos | 1 | 1 | 836 | $115,000 | 2026-04-24 |
| 1401 NE Miami Gardens Dr Apt 287 | condos | 1 | 2 | 921 | $130,000 | 2026-04-23 |
| 1140 NE 191st St Unit 24 | condos | 1 | 2 | 830 | $150,000 | 2026-04-21 |
| 1770 NE 191st St Unit 112-1 | condos | 1 | 2 | 1,036 | $144,000 | 2026-04-21 |
| 1690 NE 191st St Unit 404-1 | condos | 1 | 2 | 1,036 | $85,000 | 2026-04-20 |
| 1789 NE Miami Gardens Dr Unit W403 | condos | 1 | 2 | 827 | $250,000 | 2026-04-15 |
| 661 NE 195th St Apt 103 | condos | 1 | 2 | 961 | $140,000 | 2026-04-09 |
| 115 NE 202 Ter Unit M21 | condos | 1 | 1 | 660 | $104,000 | 2026-03-06 |
| 1780 NE 191st St Unit 705-2 | condos | 1 | 2 | 1,036 | $152,900 | 2026-03-05 |
| 445 NE 195th St Apt 431 | condos | 1 | 2 | 1,002 | $130,000 | 2026-02-27 |
| 1401 NE Miami Gardens Dr Apt 787 | condos | 1 | 2 | 921 | $137,000 | 2026-02-26 |
| 1680 NE 191st St Apt 415 | condos | 1 | 1 | 909 | $125,000 | 2026-02-24 |
| 879 NE 195th St Apt 424 | condos | 1 | 1 | 968 | $119,000 | 2026-02-18 |
| 11 NE 204th St Unit 6D | condos | 1 | 1 | 711 | $110,000 | 2026-02-13 |
| 1200 NE Miami Gardens Dr Unit 710W | condos | 1 | 2 | 889 | $168,000 | 2026-02-12 |
| 18707 NE 14th Ave Apt 638 | condos | 1 | 2 | 846 | $110,000 | 2026-02-05 |
| 877 NE 195th St Apt 217 | condos | 1 | 2 | 1,082 | $115,000 | 2026-01-30 |
| 18601 NE 14th Ave Apt 201 | condos | 1 | 2 | 861 | $165,000 | 2026-01-28 |
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 |
|---|---|---|---|---|---|---|
| 1501 NE 191st St Apt C412 | condos | 1 | 2 | 898 | $160,000 | — |
| 18707 NE 14th Ave Apt 727 | condos | 1 | 1 | 802 | $165,000 | — |
| 1401 NE Miami Gardens Dr Apt 286 | condos | 1 | 2 | 921 | $169,000 | — |
| 1301 NE 191st St Unit F103 | condos | 1 | 2 | 898 | $180,000 | — |
| 671 NE 195th St Apt 207E | condos | 1 | 2 | 952 | $165,000 | — |
| condos | 1 | 2 | 889 | $198,500 | — | |
| 1301 NE Miami Gardens Dr Apt 1404W | condos | 1 | 2 | 861 | $180,000 | — |
| 952 NE 199th St Unit 4K | condos | 1 | 2 | 823 | $155,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $113,300 | $12,114 | $4,308 | $87,046 | $26,254 |
| 2 | $116,699 | $12,511 | $4,679 | $86,026 | $30,673 |
| 3 | $120,200 | $12,920 | $5,062 | $84,937 | $35,263 |
| 4 | $123,806 | $13,343 | $5,458 | $83,772 | $40,034 |
| 5 | $127,520 | $13,779 | $5,867 | $82,528 | $44,992 |
| 6 | $131,346 | $14,229 | $6,289 | $81,198 | $50,148 |
| 7 | $135,286 | $14,693 | $6,724 | $79,777 | $55,509 |
| 8 | $139,345 | $15,173 | $7,174 | $78,258 | $61,087 |
| 9 | $143,525 | $15,667 | $7,639 | $76,635 | $66,890 |
| 10 | $147,831 | $16,178 | $8,118 | $74,900 | $72,931 |