| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $329,000 |
| Down payment (20.0%) | $65,800 |
| Loan amount | $263,200 |
| Closing costs (5.0%) | $16,450 |
| Total cash to close | $82,250 |
| Income | |
| Rent (comp-derived) | $2,790$33,474 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,566$30,796 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $521$6,251 |
| Insurance (est. scaled by flood & wind risk) | $384$4,606 |
| HOA dues | $385$4,620 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $139$1,674 |
| Total operating expenses | $1,429$17,151 |
| 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) | $139$1,674 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,275 | $3,041 | — | — | |
| apartment | 3 | 2 | 1,203 | $3,000 | 2026-08-27 | — | |
| condos | 3 | 3 | 1,419 | $2,300 | 2026-03-14 | — | |
| condos | 3 | 2 | 1,288 | $2,200 | 2026-07-31 | — | |
| condos | 3 | 2 | 1,348 | $2,800 | 2026-07-03 | — | |
| apartment | 3 | 2 | 1,200 | $2,669 | — | — | |
| apartment | 3 | 2 | 1,200 | $2,779 | — | — | |
| apartment | 3 | 2 | 1,275 | $3,041 | — | — |
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 |
|---|---|---|---|---|---|---|
| 430 NW 214th St Apt 103 | condos | 2 | 2 | 1,180 | $213,000 | 2026-08-26 |
| 505 NW 177th St Apt 136 | condos | 1 | 1 | 730 | $140,000 | 2026-08-11 |
| 496 NW 165th St Rd Apt D214 | condos | 1 | 1 | 826 | $99,999 | 2026-08-08 |
| 500 NW 214th St Apt 103 | condos | 2 | 2 | 1,122 | $155,000 | 2026-07-17 |
| 21217 NW 14th Pl Unit 2-22 | condos | 3 | 3 | 1,419 | $310,000 | 2026-07-16 |
| 465 NW 210th St Apt 103 | condos | 2 | 2 | 816 | $132,500 | 2026-06-09 |
| 492 NW 165th St Rd Apt C314 | condos | 1 | 1 | 826 | $105,000 | 2026-05-29 |
| 505 NW 177th St Apt 139 | condos | 1 | 1 | 730 | $130,000 | 2026-05-15 |
| 440 NW 214th St Apt 104 | condos | 2 | 2 | 1,180 | $210,000 | 2026-04-27 |
| 5366925887 | condos | 1 | 1 | 576 | $84,500 | 2026-04-17 |
| 17339 NW 7th Ave Unit 505 | condos | 2 | 3 | 1,140 | $297,999 | 2026-04-17 |
| 550 NW 214th St Apt 201 | condos | 3 | 2 | 1,288 | $242,000 | 2026-02-20 |
| 496 NW 165th St Rd Apt D211 | condos | 1 | 1 | 826 | $115,000 | 2026-02-04 |
| 484 NW 165th St Rd Apt A516 | condos | 2 | 2 | 1,036 | $137,714 | 2026-02-04 |
| 15600 NW 7th Ave Apt 708 | condos | 2 | 2 | 1,087 | $155,000 | 2026-02-02 |
| 484 NW 165th St Rd Apt A214 | condos | 1 | 1 | 826 | $115,000 | 2026-02-01 |
| 15600 NW 7th Ave Apt 301 | condos | 1 | 1 | 840 | $119,000 | 2026-01-13 |
| 15600 NW 7th Ave Apt 515 | condos | 1 | 1 | 840 | $110,000 | 2026-01-12 |
| 486 NW 165th St Rd Apt B506 | condos | 2 | 2 | 1,175 | $130,000 | 2026-01-09 |
| 15600 NW 7th Ave Apt 618 | condos | 1 | 1 | 840 | $94,000 | 2025-12-18 |
| 50 NW 204th St Apt 24 | condos | 1 | 1 | 576 | $105,000 | 2025-11-26 |
| 498 NW 165th St Rd Apt D601 | condos | 2 | 2 | 1,036 | $107,000 | 2025-11-19 |
| 17349 NW 7th Ave Unit 1006 | condos | 2 | 3 | 1,140 | $285,000 | 2025-11-12 |
| 17341 NW 7th Ave Unit 603 | condos | 2 | 3 | 1,140 | $284,000 | 2025-11-07 |
| 492 NW 165th St Rd Apt C309 | condos | 2 | 2 | 1,175 | $93,000 | 2025-11-06 |
| 301 NW 177th St Apt 104 | condos | 1 | 1 | 730 | $130,000 | 2025-11-06 |
| 488 NW 165th Street Rd Unit 309B | condos | 2 | 2 | 1,175 | $130,000 | 2025-11-03 |
| 486 NW 165th St Rd Apt B306 | condos | 2 | 2 | 1,175 | $155,000 | 2025-10-31 |
| 15600 NW 7th Ave Apt 311 | condos | 1 | 1 | 840 | $112,000 | 2025-09-11 |
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 |
|---|---|---|---|---|---|---|
| 488 NW 165th St Rd Apt B512 | condos | 3 | 2 | 1,175 | $185,000 | — |
| 19615 NW 14th Ave | single_family | 3 | 2 | 1,479 | $639,000 | — |
| 400 NW 184th Ter Unit 400 | single_family | 3 | 2 | 1,291 | $470,000 | — |
| 140 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 142 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 136 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 138 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 19720 NW 12th Ct | single_family | 3 | 2 | 2,167 | $599,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $338,870 | $13,645 | -$8,325 | $260,346 | $78,524 |
| 2 | $349,036 | $14,140 | -$7,872 | $257,297 | $91,739 |
| 3 | $359,507 | $14,653 | -$7,403 | $254,038 | $105,469 |
| 4 | $370,292 | $15,182 | -$6,917 | $250,555 | $119,737 |
| 5 | $381,401 | $15,730 | -$6,414 | $246,833 | $134,568 |
| 6 | $392,843 | $16,297 | -$5,894 | $242,855 | $149,988 |
| 7 | $404,629 | $16,883 | -$5,355 | $238,605 | $166,024 |
| 8 | $416,767 | $17,489 | -$4,798 | $234,062 | $182,705 |
| 9 | $429,270 | $18,115 | -$4,221 | $229,208 | $200,063 |
| 10 | $442,148 | $18,763 | -$3,624 | $224,020 | $218,129 |