| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $550,000 |
| Down payment (20.0%) | $110,000 |
| Loan amount | $440,000 |
| Closing costs (5.0%) | $27,500 |
| Total cash to close | $137,500 |
| Income | |
| Rent (comp-derived) | $3,400$40,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,128$37,536 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $871$10,450 |
| Insurance (placeholder 0.8% of price) | $367$4,400 |
| HOA dues | $984$11,808 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $170$2,040 |
| Total operating expenses | $2,392$28,698 |
| 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) | $170$2,040 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 2 | 2 | 1,303 | $2,300 | 2026-06-25 | — | |
| condos | 2 | 2 | 1,475 | $2,900 | 2026-08-08 | — | |
| condos | 2 | 3 | 1,398 | $3,500 | 2026-08-05 | — | |
| condos | 2 | 2 | 1,308 | $2,999 | 2026-06-29 | — | |
| condos | 2 | 2 | 1,475 | $3,000 | 2026-05-21 | — | |
| apartment | 2 | 3 | 1,534 | $3,400 | 2026-06-17 | — | |
| apartment | 2 | 2 | 1,353 | $3,529 | — | — | |
| apartment | 2 | 2 | 1,404 | $3,610 | — | — | |
| apartment | 2 | 2 | 1,427 | $4,006 | — | — | |
| apartment | 2 | 2 | 1,427 | $4,076 | — | — | |
| condos | 2 | 2 | 1,308 | $2,600 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 4990 NW 97th Pl Unit 314 | condos | 2 | 2 | 1,128 | $350,000 | 2026-08-21 |
| 7855 NW 104th Ave Apt 24 | condos | 2 | 2 | 1,135 | $410,000 | 2026-08-07 |
| 6540 NW 114th Ave Apt 1426 | condos | 2 | 2 | 1,115 | $360,000 | 2026-07-31 |
| 7300 NW 114th Ave Unit 307-6 | condos | 2 | 2 | 910 | $320,000 | 2026-07-22 |
| 4420 NW 107th Ave Apt 104 | condos | 2 | 1 | 818 | $375,000 | 2026-07-22 |
| 6420 NW 114th Ave Apt 1332 | condos | 2 | 2 | 1,308 | $365,000 | 2026-07-10 |
| 5670 NW 116th Ave Apt 113 | condos | 2 | 2 | 1,050 | $325,000 | 2026-07-08 |
| 7280 NW 114th Ave Unit 201-8 | condos | 2 | 2 | 870 | $330,000 | 2026-07-08 |
| 9777 NW 46th Ter Unit 111 | condos | 2 | 2 | 1,105 | $360,000 | 2026-07-01 |
| 7825 NW 107th Ave Unit 3-609 | condos | 2 | 2 | 1,244 | $440,000 | 2026-06-30 |
| 7925 NW 104th Ave Apt 25 | condos | 2 | 2 | 1,135 | $400,000 | 2026-06-23 |
| 5533125600 | condos | 2 | 2 | 994 | $335,000 | 2026-06-19 |
| 9725 NW 52nd St Apt 111 | condos | 2 | 2 | 1,130 | $340,000 | 2026-06-12 |
| 8650 NW 97th Ave Apt 204 | condos | 2 | 3 | 1,205 | $380,000 | 2026-06-09 |
| 9782 NW 46th Ter Unit 131 | condos | 2 | 2 | 1,105 | $375,000 | 2026-05-15 |
| 4712 NW 114th Ave Unit 102 | condos | 2 | 2 | 1,010 | $337,000 | 2026-05-08 |
| 4728 NW 97th Ct Unit 86 | condos | 2 | 2 | 1,349 | $395,000 | 2026-05-08 |
| 3402 Torremolinos Ave Unit F35 | condos | 2 | 3 | 1,423 | $455,000 | 2026-05-07 |
| 5610 NW 114th Pl Apt 205 | condos | 2 | 3 | 1,150 | $348,000 | 2026-05-05 |
| 7805 NW 104th Ave Apt 5 | condos | 2 | 2 | 1,048 | $390,000 | 2026-04-29 |
| 8015 NW 104th Ave Apt 6 | condos | 2 | 2 | 1,135 | $410,000 | 2026-04-28 |
| 7751 NW 107th Ave Apt 509 | condos | 2 | 2 | 1,244 | $440,000 | 2026-04-21 |
| 9725 NW 52nd St Apt 213 | condos | 2 | 2 | 1,130 | $363,000 | 2026-04-17 |
| 8760 NW 97th Ave Apt 208 | condos | 2 | 3 | 1,205 | $377,000 | 2026-04-01 |
| 7200 NW 114th Ave Apt 106 | condos | 2 | 2 | 910 | $345,000 | 2026-03-20 |
| 6320 NW 114th Ave Apt 1223 | condos | 2 | 2 | 1,115 | $360,000 | 2026-03-16 |
| 6071639503 | condos | 2 | 1 | 818 | $299,000 | 2026-03-13 |
| 7330 NW 114th Ave Unit 112-5 | condos | 2 | 2 | 910 | $389,000 | 2026-03-11 |
| 3502 Torremolinos Ave Unit F32 | condos | 2 | 3 | 1,423 | $466,000 | 2026-03-10 |
| 5719 NW 114th Ct Apt 101 | condos | 2 | 3 | 1,470 | $330,000 | 2026-02-23 |
| 7751 NW 107th Ave Apt 212 | condos | 2 | 2 | 1,130 | $417,900 | 2026-02-20 |
| 9845 Costa Del Sol Blvd Unit B103 | condos | 2 | 3 | 1,423 | $455,000 | 2026-02-12 |
| 5450 NW 107th Ave Apt 705 | condos | 2 | 3 | 1,328 | $435,000 | 2026-01-26 |
| 4720 NW 102nd Ave Unit 108-21 | condos | 2 | 2 | 926 | $310,000 | 2026-01-22 |
| 7280 NW 114th Ave Unit 101-8 | condos | 2 | 2 | 870 | $345,000 | 2026-01-22 |
| 7751 NW 107th Ave Apt 514 | condos | 2 | 2 | 1,244 | $405,000 | 2026-01-20 |
| 7815 NW 104th Ave Apt 23 | condos | 2 | 2 | 1,135 | $392,000 | 2026-01-20 |
| 10902 NW 83rd St Apt 218 | condos | 2 | 3 | 1,260 | $350,000 | 2025-12-26 |
| 4370 NW 107th Ave Apt 205 | condos | 2 | 2 | 960 | $350,000 | 2025-12-16 |
| 9755 NW 52nd St Apt 107 | condos | 2 | 2 | 1,130 | $320,000 | 2025-12-11 |
| 6540 NW 114th Ave Apt 1402 | condos | 2 | 2 | 1,115 | $375,000 | 2025-12-09 |
| 5660 NW 115th Ct Apt 204 | condos | 2 | 3 | 1,150 | $335,000 | 2025-12-06 |
| 7290 NW 114th Ave Unit 307-7 | condos | 2 | 2 | 910 | $355,000 | 2025-12-04 |
| 10750 NW 66th St Apt 112 | condos | 2 | 2 | 1,700 | $460,000 | 2025-11-26 |
| 10000 NW 41st St Unit 25 | condos | 2 | 3 | 1,392 | $365,000 | 2025-11-24 |
| 11102 NW 83rd St Apt 207 | condos | 2 | 2 | 1,240 | $350,000 | 2025-11-21 |
| 8800 NW 107th Ct Unit 212 | condos | 2 | 3 | 1,123 | $370,000 | 2025-11-05 |
| 7825 NW 107th Ave Apt 408 | condos | 2 | 2 | 1,244 | $430,000 | 2025-10-10 |
| 5670 NW 116th Ave Apt 212 | condos | 2 | 3 | 1,150 | $339,000 | 2025-10-10 |
| 10174 NW 41st St Unit 96-9 | condos | 2 | 3 | 1,422 | $467,000 | 2025-10-03 |
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 |
|---|---|---|---|---|---|---|
| 5118 NW 115th Ct | townhomes | 2 | 2 | 923 | $523,000 | — |
| 7825 NW 107th Ave Apt 419 | condos | 2 | 2 | 1,130 | $390,000 | — |
| 5670 NW 116th Ave Apt 222 | condos | 2 | 3 | 1,150 | $355,000 | — |
| 10720 NW 66th St Apt 305 | condos | 2 | 2 | 1,710 | $450,000 | — |
| 3728 Estepona Ave Unit 15D | townhomes | 2 | 3 | 1,630 | $469,999 | — |
| 7751 NW 107th Ave Apt 209 | condos | 2 | 2 | 1,244 | $430,000 | — |
| 7925 NW 104th Ave Apt 24 | condos | 2 | 2 | 963 | $385,000 | — |
| 11101 NW 83rd St Apt 201 | condos | 2 | 3 | 1,260 | $370,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $566,500 | $8,838 | -$27,133 | $435,229 | $131,271 |
| 2 | $583,495 | $9,247 | -$26,775 | $430,131 | $153,364 |
| 3 | $601,000 | $9,671 | -$26,403 | $424,683 | $176,317 |
| 4 | $619,030 | $10,112 | -$26,016 | $418,860 | $200,169 |
| 5 | $637,601 | $10,570 | -$25,613 | $412,638 | $224,963 |
| 6 | $656,729 | $11,045 | -$25,193 | $405,989 | $250,740 |
| 7 | $676,431 | $11,539 | -$24,757 | $398,882 | $277,548 |
| 8 | $696,724 | $12,052 | -$24,304 | $391,288 | $305,435 |
| 9 | $717,625 | $12,584 | -$23,833 | $383,173 | $334,453 |
| 10 | $739,154 | $13,136 | -$23,342 | $374,500 | $364,654 |