| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,245,000 |
| Down payment (20.0%) | $449,000 |
| Loan amount | $1,796,000 |
| Closing costs (5.0%) | $112,250 |
| Total cash to close | $561,250 |
| Income | |
| Rent (comp-derived) | $8,000$96,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,360$88,320 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,555$42,655 |
| Insurance (placeholder 0.8% of price) | $1,497$17,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $400$4,800 |
| Total operating expenses | $5,451$65,415 |
| 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) | $400$4,800 |
| 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 | 4 | 2 | 1,722 | $2,900 | 2026-05-07 | — | |
| single_family | 4 | 3 | 2,732 | $15,000 | 2026-07-14 | — | |
| single_family | 4 | 2 | 1,890 | $3,960 | 2026-08-11 | — | |
| single_family | 4 | 3 | 2,440 | $8,000 | 2025-03-11 | — | |
| single_family | 4 | 5 | 2,810 | $19,995 | 2026-03-11 | — |
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 |
|---|---|---|---|---|---|---|
| 1109 SE 11th Ct | single_family | 4 | 3 | 2,668 | $1,750,000 | 2026-07-27 |
| 912 SE 13th St | single_family | 4 | 2 | 988 | $1,450,000 | 2026-07-17 |
| 8 Harborage | single_family | 4 | 6 | 7,546 | $13,700,000 | 2026-07-16 |
| 1200 Cordova Rd | single_family | 4 | 5 | 4,274 | $3,600,000 | 2026-07-10 |
| 1520 SE 10th St | single_family | 4 | 3 | 4,146 | $6,325,000 | 2026-07-08 |
| 1601 Seabreeze Blvd | single_family | 4 | 3 | 1,997 | $1,650,000 | 2026-06-09 |
| 1417 Ponce De Leon Dr | single_family | 4 | 3 | 3,332 | $2,875,000 | 2026-06-03 |
| 1618 SE 14th St | single_family | 4 | 4 | 2,590 | $2,675,000 | 2026-06-02 |
| 1212 Ponce De Leon Dr | single_family | 4 | 3 | 2,734 | $2,210,000 | 2026-05-18 |
| 1900 Admirals Way | single_family | 4 | 3 | 2,681 | $1,875,000 | 2026-05-08 |
| 1111 SE 9th Ave | single_family | 4 | 5 | 3,600 | $3,325,000 | 2026-05-05 |
| 1344 Seabreeze Blvd | single_family | 4 | 4 | 2,605 | $1,635,000 | 2026-04-06 |
| 1013 SE 9th St | single_family | 4 | 5 | 4,002 | $2,999,000 | 2026-03-26 |
| 716 Ponce De Leon Dr | single_family | 4 | 3 | 2,215 | $1,800,000 | 2026-02-02 |
| 2608 Inlet Dr | single_family | 4 | 2 | 1,834 | $2,850,000 | 2026-01-15 |
| 1925 Harbourview Dr | single_family | 4 | 5 | 4,306 | $4,300,000 | 2026-01-14 |
| 1959 Marietta Dr | single_family | 4 | 2 | 2,237 | $1,985,000 | 2026-01-09 |
| 1213 Cordova Rd | single_family | 4 | 5 | 2,321 | $1,298,000 | 2026-01-08 |
| 1813 SE 9th St | single_family | 4 | 4 | 3,288 | $3,977,800 | 2025-12-31 |
| 924 S Rio Vista Blvd | single_family | 4 | 4 | 3,442 | $2,900,000 | 2025-12-11 |
| 1132 SE 6th Ter | single_family | 4 | 5 | 3,642 | $2,850,000 | 2025-12-10 |
| 1236 E Lake Dr | single_family | 4 | 2 | 2,400 | $1,650,000 | 2025-12-08 |
| 2642 Barbara Dr | single_family | 4 | 5 | 3,432 | $1,835,000 | 2025-11-14 |
| 2542 Laguna Dr | single_family | 4 | 3 | 3,178 | $7,550,000 | 2025-11-04 |
| 1206 E Lake Dr | single_family | 4 | 4 | 3,500 | $3,225,000 | 2025-10-20 |
| 1925 SE 25th Ave | single_family | 4 | 3 | 2,253 | $1,500,000 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 1700 Marietta Dr | single_family | 4 | 3 | 2,070 | $2,699,500 | — |
| 1322 Cordova Rd | single_family | 4 | 3 | 1,762 | $2,650,000 | — |
| 1518 E Lake Dr | single_family | 4 | 5 | 3,781 | $3,995,000 | — |
| 2100 S Ocean Ln Unit 101-102 | condos | 4 | 4 | 3,003 | $1,299,000 | — |
| 1313 Seabreeze Blvd Unit B | single_family | 4 | 3 | 2,623 | $1,850,000 | — |
| 801 Seabreeze Blvd Ph 2406 | condos | 4 | 5 | 4,982 | $22,000,000 | — |
| 1630 SE 11th St | single_family | 4 | 4 | 2,545 | $3,750,000 | — |
| 1701 SE 10th St | single_family | 4 | 5 | 4,240 | $4,900,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,312,350 | $22,905 | -$120,394 | $1,776,527 | $535,823 |
| 2 | $2,381,721 | $23,919 | -$119,500 | $1,755,718 | $626,003 |
| 3 | $2,453,172 | $24,972 | -$118,570 | $1,733,479 | $719,693 |
| 4 | $2,526,767 | $26,065 | -$117,603 | $1,709,713 | $817,055 |
| 5 | $2,602,570 | $27,199 | -$116,598 | $1,684,315 | $918,256 |
| 6 | $2,680,647 | $28,376 | -$115,554 | $1,657,172 | $1,023,475 |
| 7 | $2,761,067 | $29,597 | -$114,468 | $1,628,166 | $1,132,901 |
| 8 | $2,843,899 | $30,865 | -$113,340 | $1,597,168 | $1,246,730 |
| 9 | $2,929,216 | $32,179 | -$112,168 | $1,564,042 | $1,365,174 |
| 10 | $3,017,092 | $33,543 | -$110,950 | $1,528,640 | $1,488,452 |