| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,649,000 |
| Down payment (20.0%) | $329,800 |
| Loan amount | $1,319,200 |
| Closing costs (5.0%) | $82,450 |
| Total cash to close | $412,250 |
| Income | |
| Rent (comp-derived) | $7,500$90,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,900$82,800 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,611$31,331 |
| Insurance (est. scaled by flood & wind risk) | $2,144$25,724 |
| HOA dues | $950$11,400 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $375$4,500 |
| Total operating expenses | $6,080$72,955 |
| 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) | $375$4,500 |
| 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 | 3 | 3 | 2,053 | $7,500 | 2026-06-03 | — | |
| single_family | 3 | 2 | 1,987 | $10,000 | 2026-02-09 | — | |
| single_family | 3 | 3 | 2,115 | $9,500 | 2025-05-06 | — | |
| single_family | 3 | 2 | 2,800 | $4,900 | — | — | |
| single_family | 3 | 3 | 2,330 | $7,400 | 2026-04-20 | — | |
| single_family | 3 | 3 | 2,038 | $6,450 | 2026-06-18 | — | |
| single_family | 3 | 2 | 2,338 | $8,490 | 2026-07-14 | — | |
| single_family | 3 | 4 | 2,800 | $25,000 | 2026-02-17 | — | |
| single_family | 3 | 3 | 2,433 | $10,995 | 2026-06-16 | — | |
| single_family | 3 | 3 | 1,714 | $6,500 | — | — | |
| single_family | 3 | 3 | 2,256 | $7,000 | 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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 21140 NE 26th Ave | single_family | 3 | 2 | 1,395 | $710,000 | 2026-08-18 |
| 3699 NE 208th Ter | single_family | 3 | 3 | 2,740 | $1,770,000 | 2026-08-17 |
| 20740 NE 32nd Pl | single_family | 3 | 3 | 2,392 | $1,475,000 | 2026-07-29 |
| 3710 NE 208th Ter | single_family | 3 | 3 | 2,740 | $1,800,000 | 2026-07-06 |
| 21012 NE 34th Ct | single_family | 3 | 3 | 1,780 | $925,000 | 2026-06-24 |
| 19651 NE 22nd Ave | single_family | 3 | 3 | 2,429 | $1,625,000 | 2026-06-02 |
| 3525 Magellan Cir | single_family | 3 | 3 | 1,723 | $665,000 | 2026-05-05 |
| 20820 NE 30th Pl | single_family | 3 | 3 | 2,494 | $1,260,000 | 2026-05-01 |
| 3015 NE 208th St | single_family | 3 | 2 | 2,330 | $1,300,200 | 2026-04-24 |
| 2350 NE 194th St | single_family | 3 | 3 | 1,769 | $1,450,000 | 2026-04-10 |
| 2632 NE 214th St | single_family | 3 | 2 | 1,139 | $422,500 | 2026-03-23 |
| 2811 NE 185th St | single_family | 3 | 2 | 1,481 | $490,000 | 2026-03-20 |
| 2628 NE 214th St | single_family | 3 | 1 | 905 | $304,000 | 2026-03-13 |
| 2555 NE 207th Ter | single_family | 3 | 2 | 1,385 | $400,000 | 2026-02-26 |
| 2255 NE 207th St | single_family | 3 | 2 | 2,151 | $1,350,000 | 2026-02-25 |
| 3024 NE 210th St | single_family | 3 | 3 | 2,315 | $1,414,250 | 2026-02-20 |
| 2371 NE 193rd St | single_family | 3 | 3 | 2,198 | $1,182,000 | 2026-02-19 |
| 3172 NE 211th St | single_family | 3 | 3 | 2,540 | $1,400,000 | 2026-02-05 |
| 21130 NE 26th Ave | single_family | 3 | 2 | 1,425 | $540,000 | 2026-01-28 |
| 21120 NE 25th Ct | single_family | 3 | 2 | 1,625 | $900,000 | 2026-01-08 |
| 20130 NE 25th Ct | single_family | 3 | 2 | 1,610 | $948,000 | 2025-12-26 |
| 21330 NE 25th Ct | single_family | 3 | 3 | 2,669 | $1,120,000 | 2025-10-16 |
| 2350 NE 193rd St | single_family | 3 | 2 | 1,809 | $1,800,000 | 2025-10-14 |
| 21025 NE 31st Ave | single_family | 3 | 2 | 2,246 | $1,010,000 | 2025-09-30 |
| 2505 NE 214th St | single_family | 3 | 2 | 1,694 | $920,000 | 2025-09-19 |
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 |
|---|---|---|---|---|---|---|
| 2558 NE 206th Ter | single_family | 3 | 3 | 2,053 | $1,269,000 | — |
| 20950 NE 25th Ct | single_family | 3 | 2 | 1,800 | $1,790,000 | — |
| 2450 NE 209th Ter | single_family | 3 | 3 | 1,609 | $1,345,000 | — |
| 2535 NE 193rd St Unit 3104 | condos | 3 | 3 | 1,275 | $465,000 | — |
| 2505 NE 193rd St Unit 4108 | condo_townhome_rowhome_coop | 3 | 3 | 1,309 | $495,000 | — |
| 2501 NE 209th Ter | single_family | 3 | 2 | 1,375 | $1,350,000 | — |
| 19440 NE 26th Ave Unit 52B | townhomes | 3 | 3 | 1,688 | $480,000 | — |
| 19220 NE 25th Ave Unit 274B | townhomes | 3 | 3 | 1,688 | $488,180 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,698,470 | $9,845 | -$96,386 | $1,304,897 | $393,573 |
| 2 | $1,749,424 | $10,505 | -$95,838 | $1,289,612 | $459,812 |
| 3 | $1,801,907 | $11,194 | -$95,264 | $1,273,277 | $528,630 |
| 4 | $1,855,964 | $11,913 | -$94,664 | $1,255,820 | $600,144 |
| 5 | $1,911,643 | $12,663 | -$94,035 | $1,237,165 | $674,478 |
| 6 | $1,968,992 | $13,446 | -$93,376 | $1,217,229 | $751,764 |
| 7 | $2,028,062 | $14,262 | -$92,687 | $1,195,923 | $832,139 |
| 8 | $2,088,904 | $15,113 | -$91,967 | $1,173,154 | $915,749 |
| 9 | $2,151,571 | $15,999 | -$91,214 | $1,148,822 | $1,002,749 |
| 10 | $2,216,118 | $16,924 | -$90,426 | $1,122,819 | $1,093,299 |