| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $39,900 |
| Down payment (20.0%) | $7,980 |
| Loan amount | $31,920 |
| Closing costs (5.0%) | $1,995 |
| Total cash to close | $9,975 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,539$30,473 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,336$28,035 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $63$758 |
| Insurance (placeholder 0.8% of price) | $27$319 |
| HOA dues | $875$10,500 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $127$1,524 |
| Total operating expenses | $1,092$13,101 |
| 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) | $127$1,524 |
| 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 |
|---|---|---|---|---|---|---|---|
| mobile | 2 | 2 | 850 | $1,850 | 2026-05-10 | — | |
| mobile | 2 | 2 | 1,170 | $1,675 | 2026-07-01 | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 472 SE 22nd Dr | single_family | 2 | 2 | 1,057 | $240,000 | — |
| 2215 SE 7th Pl | single_family | 2 | 2 | 1,171 | $340,000 | — |
| 13264 Old Biscayne Dr Apt 405 | townhomes | 2 | 2 | 898 | $214,500 | — |
| 2929 SE 2nd St Unit 7 | townhomes | 2 | 3 | 1,290 | $240,000 | — |
| 15410 SW 284th St Unit 8301 | condos | 2 | 2 | 900 | $176,000 | — |
| 61 NE 13th Ave | single_family | 2 | 2 | 919 | $220,000 | — |
| 230 SE 29th Ave Unit 12 | townhomes | 2 | 3 | 1,290 | $215,000 | — |
| 15422 SW 284th St Unit 7306 | condos | 2 | 2 | 895 | $180,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $41,097 | $14,934 | $10,949 | $31,574 | $9,523 |
| 2 | $42,330 | $15,448 | $11,424 | $31,204 | $11,126 |
| 3 | $43,600 | $15,978 | $11,916 | $30,809 | $12,791 |
| 4 | $44,908 | $16,526 | $12,424 | $30,386 | $14,522 |
| 5 | $46,255 | $17,093 | $12,949 | $29,935 | $16,320 |
| 6 | $47,643 | $17,678 | $13,492 | $29,452 | $18,190 |
| 7 | $49,072 | $18,282 | $14,054 | $28,937 | $20,135 |
| 8 | $50,544 | $18,907 | $14,634 | $28,386 | $22,158 |
| 9 | $52,060 | $19,552 | $15,234 | $27,797 | $24,264 |
| 10 | $53,622 | $20,218 | $15,854 | $27,168 | $26,455 |