| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $5,499,000 |
| Down payment (20.0%) | $1,099,800 |
| Loan amount | $4,399,200 |
| Closing costs (5.0%) | $274,950 |
| Total cash to close | $1,374,750 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,611$31,335 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,402$28,828 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $8,707$104,481 |
| Insurance (est. scaled by flood & wind risk) | $6,416$76,986 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $131$1,567 |
| Total operating expenses | $15,253$183,034 |
| 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) | $131$1,567 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 8 | 7 | 4,413 | $14,000 | 2026-07-21 | — | |
| single_family | 8 | 5 | 4,426 | $25,000 | 2025-10-21 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 11190 SW 57th St | single_family | 3 | 2 | 1,563 | $600,000 | 2026-09-01 |
| 6081 SW 109th Ct | single_family | 4 | 2 | 1,566 | $690,000 | 2026-09-01 |
| 8701 SW 87th Ct | single_family | 4 | 2 | 2,064 | $1,041,400 | 2026-08-28 |
| 8024 SW 91st Ave | single_family | 3 | 2 | 1,711 | $1,175,000 | 2026-08-20 |
| 8791 SW 85th St | single_family | 3 | 2 | 1,846 | $960,000 | 2026-08-19 |
| 8904 SW 69th Ter | single_family | 5 | 6 | 4,004 | $1,750,000 | 2026-08-14 |
| 10340 SW 62nd St | single_family | 3 | 2 | 3,583 | $2,500,000 | 2026-08-10 |
| 6500 SW 99th Ave | single_family | 5 | 4 | 5,236 | $4,000,000 | 2026-08-07 |
| 6816 SW 89th Ct | single_family | 3 | 2 | 2,260 | $1,080,000 | 2026-08-06 |
| 6905 SW 104th Ct | single_family | 3 | 2 | 1,296 | $560,000 | 2026-07-31 |
| 11178 SW 74th Ter | single_family | 4 | 2 | 1,653 | $655,000 | 2026-07-31 |
| 9261 SW 80th Ter | single_family | 5 | 4 | 3,267 | $1,400,000 | 2026-07-31 |
| 5600 SW 112th Ct | single_family | 3 | 1 | 1,198 | $525,000 | 2026-07-30 |
| 10020 SW 83rd St | single_family | 4 | 3 | 2,232 | $860,000 | 2026-07-27 |
| 6307 SW 93rd Ct | single_family | 3 | 2 | 1,714 | $810,000 | 2026-07-23 |
| 9451 SW 61st St | single_family | 5 | 3 | 2,346 | $1,000,000 | 2026-07-22 |
| 6521 SW 112th Ave | single_family | 3 | 2 | 1,080 | $518,000 | 2026-07-17 |
| 6430 SW 112th Pl | single_family | 4 | 3 | 1,837 | $640,000 | 2026-07-13 |
| 5830 SW 89th Ct | single_family | 4 | 2 | 2,140 | $850,000 | 2026-07-10 |
| 11401 SW 57th St | single_family | 3 | 2 | 1,224 | $575,600 | 2026-07-10 |
| 9875 SW 83rd St | single_family | 4 | 2 | 1,539 | $763,000 | 2026-07-07 |
| 11314 SW 73rd Ter | single_family | 3 | 2 | 1,519 | $555,905 | 2026-07-02 |
| 9281 SW 80th Ter | single_family | 4 | 2 | 1,651 | $850,000 | 2026-07-02 |
| 6414 SW 114th Pl | single_family | 4 | 3 | 1,865 | $735,000 | 2026-06-30 |
| 11242 SW 64th Ln | single_family | 3 | 2 | 1,415 | $560,000 | 2026-06-26 |
| 11500 SW 57th Ter | single_family | 3 | 3 | 1,368 | $675,000 | 2026-06-26 |
| 10760 SW 63rd St | single_family | 3 | 2 | 1,740 | $715,000 | 2026-06-26 |
| 10959 SW 72nd Ter | single_family | 3 | 2 | 1,391 | $590,000 | 2026-06-18 |
| 9608 SW 59th St | single_family | 3 | 2 | 1,495 | $650,000 | 2026-06-18 |
| 11467 SW 60th Ln | single_family | 2 | 2 | 1,201 | $470,000 | 2026-06-17 |
| 11307 SW 74th Ter | single_family | 4 | 2 | 1,536 | $615,000 | 2026-06-16 |
| 11319 SW 73rd Ln | single_family | 4 | 3 | 1,868 | $640,000 | 2026-06-16 |
| 7625 SW 99th Ct | single_family | 3 | 2 | 1,300 | $680,000 | 2026-06-15 |
| 6700 SW 104th Ct | single_family | 4 | 3 | 2,022 | $710,000 | 2026-06-08 |
| 11351 SW 63rd Ter | single_family | 4 | 3 | 1,725 | $633,000 | 2026-06-05 |
| 11455 SW 72nd Ter | single_family | 3 | 2 | 1,256 | $580,000 | 2026-06-05 |
| 9775 SW 78th St | single_family | 3 | 2 | 1,449 | $675,000 | 2026-06-04 |
| 7145 SW 92nd Ct | single_family | 5 | 3 | 2,290 | $900,000 | 2026-06-03 |
| 11261 SW 73rd Ln | single_family | 3 | 2 | 1,519 | $500,000 | 2026-06-03 |
| 10951 SW 65th St | single_family | 3 | 2 | 1,008 | $600,000 | 2026-06-02 |
| 10841 SW 68th Dr | single_family | 3 | 2 | 1,695 | $758,800 | 2026-06-01 |
| 6462 SW 93rd Pl | single_family | 4 | 3 | 2,581 | $1,312,000 | 2026-05-29 |
| 10305 SW 70th St | single_family | 4 | 3 | 1,879 | $1,175,000 | 2026-05-29 |
| 7120 SW 92nd Ave | single_family | 4 | 2 | 2,266 | $940,000 | 2026-05-28 |
| 6051 SW 110th Ave | single_family | 4 | 3 | 2,061 | $775,000 | 2026-05-27 |
| 6845 SW 97th Ave | single_family | 3 | 2 | 2,326 | $1,730,000 | 2026-05-27 |
| 8541 SW 87th Ct | single_family | 3 | 2 | 1,908 | $1,065,000 | 2026-05-27 |
| 8100 SW 92nd Ct | single_family | 5 | 2 | 2,309 | $1,125,000 | 2026-05-20 |
| 6320 SW 93rd Ct | single_family | 3 | 2 | 1,555 | $790,000 | 2026-05-19 |
| 8025 SW 91st Ave | single_family | 4 | 3 | 2,203 | $1,325,000 | 2026-05-18 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 12401 SW 45th St | single_family | 8 | 11 | 9,196 | $6,490,000 | — |
| 3431-3433 SW 4th St | multi_family | 8 | 6 | 3,429 | $1,249,000 | — |
| 1616 Onaway Dr | single_family | 8 | 9 | 6,194 | $9,995,000 | — |
| 3191 SW 23rd St | multi_family | 8 | 4 | 4,452 | $1,800,000 | — |
| 251 NW 57th Ave | multi_family | 8 | 6 | 3,768 | $1,970,000 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 2054 SW 5th St | multi_family | 8 | 5 | 3,048 | $895,000 | — |
| 10128 W Fern St | multi_family | 8 | 5 | 3,255 | $1,200,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,663,970 | -$154,205 | -$495,017 | $4,351,503 | $1,312,467 |
| 2 | $5,833,889 | -$157,916 | -$498,768 | $4,300,531 | $1,533,359 |
| 3 | $6,008,906 | -$161,716 | -$502,607 | $4,246,058 | $1,762,848 |
| 4 | $6,189,173 | -$165,606 | -$506,538 | $4,187,844 | $2,001,329 |
| 5 | $6,374,848 | -$169,589 | -$510,563 | $4,125,633 | $2,249,215 |
| 6 | $6,566,094 | -$173,666 | -$514,684 | $4,059,150 | $2,506,944 |
| 7 | $6,763,076 | -$177,841 | -$518,903 | $3,988,101 | $2,774,975 |
| 8 | $6,965,969 | -$182,114 | -$523,222 | $3,912,174 | $3,053,795 |
| 9 | $7,174,948 | -$186,490 | -$527,644 | $3,831,032 | $3,343,916 |
| 10 | $7,390,196 | -$190,970 | -$532,172 | $3,744,318 | $3,645,878 |