| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $899,900 |
| Down payment (20.0%) | $179,980 |
| Loan amount | $719,920 |
| Closing costs (5.0%) | $44,995 |
| Total cash to close | $224,975 |
| Income | |
| Rent (comp-derived) | $5,100$61,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,692$56,304 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,425$17,098 |
| Insurance (est. scaled by flood & wind risk) | $1,170$14,038 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $255$3,060 |
| Total operating expenses | $2,850$34,197 |
| 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) | $255$3,060 |
| 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 | 1,682 | $4,350 | — | — | |
| single_family | 4 | 2 | 1,905 | $9,499 | 2025-02-02 | — | |
| single_family | 4 | 2 | 1,950 | $5,100 | 2026-06-26 | — |
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 |
|---|---|---|---|---|---|---|
| 2370 NE 195th St | single_family | 4 | 3 | 2,316 | $1,880,000 | 2026-07-31 |
| 20990 NE 30th Pl | single_family | 4 | 3 | 2,306 | $1,338,000 | 2026-07-10 |
| 20920 NE 32nd Ave | single_family | 4 | 4 | 3,176 | $1,800,000 | 2026-07-07 |
| 20765 NE 32nd Ave | single_family | 4 | 5 | 3,250 | $1,610,000 | 2026-06-15 |
| 20815 NE 37th Ct | single_family | 4 | 4 | 2,380 | $1,850,000 | 2026-06-05 |
| 2420 NE 201st St | single_family | 4 | 2 | 2,685 | $1,200,000 | 2026-05-04 |
| 3156 NE 212th Ter | single_family | 4 | 4 | 2,482 | $1,425,000 | 2026-04-29 |
| 20825 NE 32nd Pl | single_family | 4 | 5 | 2,973 | $2,330,000 | 2026-04-23 |
| 21151 NE 22nd Ct | single_family | 4 | 2 | 3,329 | $1,825,000 | 2026-03-30 |
| 2510 NE 207th Ter | single_family | 4 | 2 | 1,827 | $1,175,000 | 2026-01-20 |
| 20905 NE 32nd Ave | single_family | 4 | 5 | 3,330 | $2,000,000 | 2026-01-14 |
| 21320 NE 26th Ave | single_family | 4 | 5 | 2,309 | $1,750,000 | 2025-11-21 |
| 2325 NE 191st St | single_family | 4 | 3 | 2,352 | $1,100,000 | 2025-11-18 |
| 3095 NE 208th Ter | single_family | 4 | 3 | 2,361 | $1,500,000 | 2025-11-12 |
| 3144 NE 212th St | single_family | 4 | 3 | 2,461 | $1,507,000 | 2025-10-30 |
| 3144 NE 212th St | single_family | 4 | 4 | 2,513 | $1,507,000 | 2025-10-23 |
| 3277 NE 212th St | single_family | 4 | 4 | 2,770 | $1,650,000 | 2025-10-16 |
| 18690 NE 22nd Ave | single_family | 4 | 2 | 3,164 | $957,000 | 2025-10-07 |
| 3106 NE 210th Ter | single_family | 4 | 4 | 2,361 | $1,385,000 | 2025-09-05 |
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 |
|---|---|---|---|---|---|---|
| 19694 NE 24th Ave | single_family | 4 | 4 | 2,863 | $2,580,000 | — |
| 2616 NE 214th St | single_family | 4 | 4 | 899 | $489,000 | — |
| 19885 NE 22nd Ave | single_family | 4 | 4 | 3,898 | $1,775,000 | — |
| 19731 NE 24th Ave | single_family | 4 | 4 | 3,228 | $2,395,000 | — |
| 19667 Turnberry Way Apt 20GR | condos | 4 | 4 | 3,426 | $1,900,000 | — |
| 2511 NE 209th Ter | single_family | 4 | 5 | 2,150 | $2,150,000 | — |
| 2301 NE 196th St | single_family | 4 | 4 | 2,668 | $1,850,000 | — |
| 2375 NE 185th St | single_family | 4 | 3 | 1,556 | $860,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $926,897 | $22,107 | -$36,469 | $712,114 | $214,783 |
| 2 | $954,704 | $22,942 | -$35,712 | $703,773 | $250,931 |
| 3 | $983,345 | $23,805 | -$34,927 | $694,859 | $288,487 |
| 4 | $1,012,845 | $24,699 | -$34,113 | $685,332 | $327,513 |
| 5 | $1,043,231 | $25,624 | -$33,270 | $675,151 | $368,080 |
| 6 | $1,074,528 | $26,582 | -$32,397 | $664,271 | $410,256 |
| 7 | $1,106,763 | $27,572 | -$31,493 | $652,644 | $454,119 |
| 8 | $1,139,966 | $28,598 | -$30,556 | $640,219 | $499,747 |
| 9 | $1,174,165 | $29,659 | -$29,586 | $626,940 | $547,225 |
| 10 | $1,209,390 | $30,757 | -$28,581 | $612,750 | $596,641 |