| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $12,999,999 |
| Down payment (20.0%) | $2,600,000 |
| Loan amount | $10,399,999 |
| Closing costs (5.0%) | $650,000 |
| Total cash to close | $3,250,000 |
| Income | |
| Rent (comp-derived) | $40,000$480,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $36,800$441,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $20,583$247,000 |
| Insurance (est. scaled by flood & wind risk) | $15,167$182,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $2,000$24,000 |
| Total operating expenses | $37,750$453,000 |
| 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) | $2,000$24,000 |
| 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 | 7 | 7 | 5,119 | $13,990 | 2026-06-17 | — | |
| single_family | 7 | 8 | 7,073 | $55,000 | 2026-08-06 | — | |
| single_family | 7 | 10 | 6,828 | $40,000 | 2026-08-10 | — |
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 |
|---|---|---|---|---|---|---|
| 12220 Rock Garden Ln | single_family | 7 | 6 | 6,065 | $6,575,000 | 2026-08-18 |
| 7218 SW 102nd St | single_family | 7 | 8 | 6,541 | $6,700,000 | 2026-07-28 |
| 12110 SW 60th Ct | single_family | 7 | 8 | 8,321 | $5,100,000 | 2026-07-27 |
| 6690 SW 96th St | single_family | 7 | 10 | 10,001 | $14,500,000 | 2026-07-24 |
| 8900 SW 62nd Ct | single_family | 7 | 8 | 6,851 | $10,000,000 | 2026-07-20 |
| 9360 Balada St | single_family | 7 | 8 | 6,771 | $20,500,000 | 2026-07-10 |
| 7245 SW 104th St | single_family | 7 | 7 | 9,792 | $4,900,000 | 2026-06-22 |
| 5865 SW 96th St | single_family | 7 | 8 | 7,811 | $7,750,000 | 2026-06-22 |
| 6695 SW 112th St | single_family | 7 | 7 | 7,132 | $5,100,000 | 2026-06-11 |
| 5800 Moss Ranch Rd | single_family | 7 | 9 | 6,842 | $7,630,000 | 2026-05-29 |
| 12820 SW 80th Ave | single_family | 7 | 7 | 6,977 | $6,000,000 | 2026-05-19 |
| 10101 SW 60th Ct | single_family | 7 | 9 | 11,493 | $13,350,000 | 2026-04-30 |
| 9500 SW 61st Ct | single_family | 7 | 7 | 10,393 | $15,500,000 | 2026-04-01 |
| 9320 Balada St | single_family | 7 | 8 | 7,623 | $17,950,000 | 2026-03-19 |
| 6900 SW 115th St | single_family | 7 | 7 | 6,411 | $6,200,000 | 2026-03-18 |
| 9601 SW 60th Ct | single_family | 7 | 8 | 8,291 | $6,600,000 | 2026-03-12 |
| 5785 SW 96th St | single_family | 7 | 9 | 6,631 | $5,800,000 | 2026-02-13 |
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 |
|---|---|---|---|---|---|---|
| 9401 Journeys End Rd | single_family | 7 | 10 | 12,843 | $75,000,000 | — |
| 6060 SW 118th St | single_family | 7 | 9 | 6,825 | $9,600,000 | — |
| 6200 SW 123rd Ter | single_family | 7 | 9 | 8,077 | $9,990,000 | — |
| 9741 W Suburban Dr | single_family | 7 | 7 | 7,196 | $11,750,000 | — |
| 9440 Old Cutler Ln | single_family | 7 | 8 | 8,997 | $28,900,000 | — |
| 650 Lugo Ave | single_family | 7 | 5 | 9,287 | $28,000,000 | — |
| 8800 SW 57th Ave | single_family | 7 | 8 | 7,384 | $5,995,000 | — |
| 5901 SW 107th St | single_family | 7 | 10 | 9,644 | $16,995,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $13,389,999 | -$11,400 | -$837,398 | $10,287,240 | $3,102,759 |
| 2 | $13,791,699 | -$9,477 | -$836,075 | $10,166,738 | $3,624,961 |
| 3 | $14,205,450 | -$7,440 | -$834,653 | $10,037,960 | $4,167,490 |
| 4 | $14,631,613 | -$5,283 | -$833,127 | $9,900,339 | $4,731,274 |
| 5 | $15,070,562 | -$3,003 | -$831,492 | $9,753,268 | $5,317,294 |
| 6 | $15,522,679 | -$592 | -$829,745 | $9,596,097 | $5,926,581 |
| 7 | $15,988,359 | $1,952 | -$827,879 | $9,428,133 | $6,560,226 |
| 8 | $16,468,010 | $4,638 | -$825,889 | $9,248,635 | $7,219,375 |
| 9 | $16,962,050 | $7,469 | -$823,771 | $9,056,811 | $7,905,240 |
| 10 | $17,470,912 | $10,453 | -$821,518 | $8,851,813 | $8,619,098 |