| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $6,390,000 |
| Down payment (20.0%) | $1,278,000 |
| Loan amount | $5,112,000 |
| Closing costs (5.0%) | $319,500 |
| Total cash to close | $1,597,500 |
| 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) | $10,118$121,410 |
| Insurance (placeholder 0.8% of price) | $4,260$51,120 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,925$23,099 |
| Total operating expenses | $16,302$195,629 |
| 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 | — |
| 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 | — |
| 1020 SE 9th Ave | single_family | 5 | 6 | 4,310 | $4,285,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $6,581,700 | $229,384 | -$187,928 | $5,056,575 | $1,525,125 |
| 2 | $6,779,151 | $237,244 | -$180,645 | $4,997,343 | $1,781,808 |
| 3 | $6,982,526 | $245,363 | -$173,117 | $4,934,044 | $2,048,482 |
| 4 | $7,192,001 | $253,752 | -$165,336 | $4,866,398 | $2,325,603 |
| 5 | $7,407,761 | $262,418 | -$157,292 | $4,794,107 | $2,613,655 |
| 6 | $7,629,994 | $271,370 | -$148,977 | $4,716,851 | $2,913,143 |
| 7 | $7,858,894 | $280,618 | -$140,382 | $4,634,291 | $3,224,603 |
| 8 | $8,094,661 | $290,171 | -$131,499 | $4,546,060 | $3,548,601 |
| 9 | $8,337,501 | $300,039 | -$122,318 | $4,451,771 | $3,885,730 |
| 10 | $8,587,626 | $310,232 | -$112,828 | $4,351,007 | $4,236,619 |