| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,150,000 |
| Down payment (20.0%) | $230,000 |
| Loan amount | $920,000 |
| Closing costs (5.0%) | $57,500 |
| Total cash to close | $287,500 |
| Income | |
| Rent (comp-derived) | $7,900$94,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,268$87,216 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,821$21,850 |
| Insurance (est. scaled by flood & wind risk) | $1,227$14,720 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $395$4,740 |
| Total operating expenses | $3,443$41,310 |
| 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) | $395$4,740 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 2,763 | $6,500 | 2026-08-18 | — | |
| single_family | 6 | 3 | 2,417 | $8,000 | 2026-08-05 | — | |
| single_family | 6 | 4 | 3,218 | $7,900 | 2026-07-24 | — | |
| single_family | 6 | 5 | 3,390 | $13,000 | 2026-06-25 | — | |
| single_family | 6 | 6 | 4,181 | $18,000 | 2026-08-03 | — | |
| single_family | 6 | 4 | 3,078 | $3,500 | 2026-08-28 | — | |
| single_family | 6 | 3 | 2,716 | $2,000 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 15579 SW 10th Ln | single_family | 5 | 3 | 2,604 | $630,000 | 2026-08-14 |
| 867 SW 155th Ct | single_family | 4 | 2 | 2,338 | $769,000 | 2026-06-10 |
| 1533 SW 154th Path | single_family | 3 | 2 | 1,858 | $820,000 | 2026-05-06 |
| 14980 SW 15th Ln | single_family | 4 | 4 | 3,531 | $975,000 | 2026-04-29 |
| 1501 SW 154th Ct | single_family | 6 | 5 | 2,449 | $830,000 | 2026-04-24 |
| 15062 SW 11th St | single_family | 4 | 3 | 2,223 | $685,000 | 2026-04-15 |
| 876 SW 155th Ct | single_family | 4 | 3 | 2,558 | $935,000 | 2026-03-18 |
| 1000 SW 154th Ave | single_family | 3 | 2 | 1,681 | $730,000 | 2026-02-23 |
| 1455 SW 155th Ct | single_family | 4 | 3 | 1,909 | $830,000 | 2026-01-09 |
| 15030 SW 9th Ter | single_family | 4 | 3 | 1,985 | $528,000 | 2025-12-16 |
| 855 SW 155th Ct | single_family | 3 | 2 | 1,764 | $750,000 | 2025-12-01 |
| 15641 SW 8th Ln | single_family | 5 | 3 | 2,765 | $930,000 | 2025-10-15 |
| 14995 SW 12th Ln | single_family | 5 | 4 | 3,412 | $1,230,000 | 2025-10-08 |
| 15210 SW 15th St | single_family | 6 | 3 | 3,148 | $867,500 | 2025-10-01 |
| 1411 SW 149th Pl | single_family | 5 | 4 | 3,412 | $940,000 | 2025-09-17 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 9715 SW 89th Ct | single_family | 6 | 7 | 6,062 | $4,290,000 | — |
| 21240 SW 126th Ct | single_family | 6 | 3 | 3,041 | $869,990 | — |
| 221 SW 78th Pl Unit 221/231 | multi_family | 6 | 4 | 2,240 | $1,100,000 | — |
| 14949 SW 184th Ave | single_family | 6 | 7 | 9,264 | $5,500,000 | — |
| 9025 SW 114th St | single_family | 6 | 7 | 4,912 | $4,495,000 | — |
| 10920 Westwood Lake Dr | single_family | 6 | 2 | 2,311 | $819,900 | — |
| 13405 SW 199th Ave | single_family | 6 | 4 | 1,668 | $2,175,000 | — |
| 2109 NW 65th St | multi_family | 6 | 4 | 2,300 | $785,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,184,500 | $45,906 | -$29,780 | $910,025 | $274,475 |
| 2 | $1,220,035 | $47,490 | -$28,315 | $899,365 | $320,670 |
| 3 | $1,256,636 | $49,126 | -$26,800 | $887,973 | $368,663 |
| 4 | $1,294,335 | $50,817 | -$25,234 | $875,799 | $418,536 |
| 5 | $1,333,165 | $52,564 | -$23,614 | $862,789 | $470,376 |
| 6 | $1,373,160 | $54,369 | -$21,940 | $848,885 | $524,275 |
| 7 | $1,414,355 | $56,234 | -$20,209 | $834,027 | $580,328 |
| 8 | $1,456,786 | $58,160 | -$18,420 | $818,148 | $638,637 |
| 9 | $1,500,489 | $60,150 | -$16,571 | $801,179 | $699,310 |
| 10 | $1,545,504 | $62,207 | -$14,659 | $783,045 | $762,459 |