| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $389,800 |
| Down payment (20.0%) | $77,960 |
| Loan amount | $311,840 |
| Closing costs (5.0%) | $19,490 |
| Total cash to close | $97,450 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,365$28,375 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,175$26,105 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $617$7,406 |
| Insurance (est. scaled by flood & wind risk) | $390$4,678 |
| HOA dues | $235$2,820 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $118$1,419 |
| Total operating expenses | $1,360$16,323 |
| 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) | $118$1,419 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 3 | 1,500 | $3,890 | 2026-05-19 | — | |
| condos | 4 | 3 | 1,500 | $3,890 | — | — |
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 |
|---|---|---|---|---|---|---|
| 6278 W 22nd Ct Apt 20 | condos | 2 | 2 | 778 | $225,000 | 2026-08-29 |
| 2228 W 74th St Unit 102-13 | condos | 2 | 2 | 960 | $325,000 | 2026-08-20 |
| 2770 W 60th Pl Apt 202 | condos | 2 | 2 | 755 | $240,000 | 2026-08-14 |
| 5580 W 26th Ct Apt 102 | condos | 2 | 2 | 819 | $213,000 | 2026-08-11 |
| 2730 W 61st Pl Apt 201 | condos | 2 | 2 | 755 | $242,500 | 2026-08-10 |
| 6149917456 | condos | 2 | 2 | 910 | $365,000 | 2026-08-07 |
| 2331 W 66th Pl Unit 201 | condos | 2 | 2 | 825 | $245,000 | 2026-08-03 |
| 8186 NW 98th Ter Unit 132 | condos | 3 | 2 | 1,171 | $270,000 | 2026-07-30 |
| 6041 W 24th Ave Unit B103 | condos | 2 | 2 | 954 | $269,900 | 2026-07-30 |
| 2158 W 60th St Apt 13108 | condos | 1 | 1 | 528 | $180,000 | 2026-07-28 |
| 5362 W 24th Ave Unit 117 | condos | 2 | 2 | 962 | $330,000 | 2026-07-24 |
| 5790 W 26th Ave Unit 202 | condos | 3 | 3 | 1,173 | $302,000 | 2026-07-24 |
| 5227 W 24th Way Unit 2A | condos | 3 | 2 | 1,030 | $235,000 | 2026-07-15 |
| 9915 W Okeechobee Rd Unit 2-403 | condos | 3 | 2 | 1,190 | $300,000 | 2026-07-15 |
| 120 Royal Palm Rd Apt 301 | condos | 2 | 2 | 817 | $210,000 | 2026-07-14 |
| 2260 W 53rd Pl Apt 7 | condos | 2 | 2 | 888 | $200,000 | 2026-07-10 |
| 2680 W 76th St Apt 211 | condos | 2 | 2 | 1,024 | $289,000 | 2026-07-07 |
| 2775 W 52nd St Apt 206 | condos | 2 | 1 | 820 | $240,000 | 2026-07-02 |
| 6640 W 24th Ct Unit 25-106 | condos | 3 | 3 | 1,303 | $375,000 | 2026-06-26 |
| 2735 W 60th Pl Apt 204 | condos | 2 | 2 | 755 | $250,000 | 2026-06-24 |
| 2276 W 56th St Unit 109 | condos | 2 | 2 | 924 | $295,000 | 2026-06-24 |
| 8186 NW 98th Ln Unit 123 | condos | 4 | 3 | 1,296 | $380,000 | 2026-06-22 |
| 8360 NW 103rd St Unit 204E | condos | 2 | 3 | 1,250 | $335,000 | 2026-06-15 |
| 6011 W 24th Ave Unit A201 | condos | 2 | 2 | 954 | $268,000 | 2026-06-12 |
| 6121 W 24th Ave Apt 211 | condos | 2 | 1 | 860 | $230,000 | 2026-06-10 |
| 2760 W 62nd Pl Apt 203 | condos | 2 | 2 | 847 | $240,000 | 2026-06-02 |
| 10090 NW 80th Ct Apt 1553 | condos | 3 | 2 | 1,280 | $277,000 | 2026-06-01 |
| 5400 W 20th Ave Unit 101 | condos | 2 | 2 | 825 | $260,000 | 2026-06-01 |
| 2212 W 74th St Unit 101-28 | condos | 2 | 2 | 960 | $274,000 | 2026-05-22 |
| 2530 W 67th Pl Unit 12-29 | condos | 2 | 2 | 750 | $245,000 | 2026-05-22 |
| 7439 W 22nd Ave Apt 103 | condos | 2 | 2 | 910 | $290,000 | 2026-05-22 |
| 2710 W 76th St Apt 207 | condos | 2 | 2 | 1,024 | $260,000 | 2026-05-12 |
| 140 Royal Palm Rd Apt 202 | condos | 1 | 2 | 715 | $161,500 | 2026-05-04 |
| 7101 W 24th Ave Apt 55 | condos | 2 | 2 | 1,020 | $367,000 | 2026-04-29 |
| 6041 W 24th Ave Unit B202 | condos | 3 | 2 | 1,165 | $300,000 | 2026-04-29 |
| 5350 W 21st Ct Apt 203 | condos | 2 | 2 | 812 | $225,000 | 2026-04-28 |
| 2154 W 60th St Apt 12218 | condos | 1 | 1 | 528 | $175,000 | 2026-04-15 |
| 2780 W 76th St Apt 205 | condos | 2 | 2 | 1,024 | $230,000 | 2026-04-14 |
| 2630 W 76th St Apt 201 | condos | 2 | 2 | 960 | $240,000 | 2026-04-07 |
| 5698 W 25th Ct Unit 5698 | condos | 2 | 2 | 986 | $250,000 | 2026-04-07 |
| 2660 W 76th St Apt 207 | condos | 2 | 2 | 1,024 | $265,000 | 2026-03-25 |
| 8390 NW 103rd St Unit 205H | condos | 2 | 3 | 1,250 | $320,000 | 2026-03-18 |
| 14817 Balgowan Rd Unit 201-5 | condos | 2 | 2 | 1,405 | $450,000 | 2026-03-16 |
| 14842 Breckness Pl | condo_townhome_rowhome_coop | 2 | 2 | 1,483 | $545,000 | 2026-03-16 |
| 2690 W 76th St Apt 104 | condos | 2 | 1 | 985 | $235,000 | 2026-03-16 |
| 120 Royal Palm Rd Apt 102 | condos | 1 | 2 | 715 | $168,000 | 2026-03-13 |
| 2377 W 66th Pl Unit 204 | condos | 2 | 2 | 828 | $275,000 | 2026-03-11 |
| 10017 W Okeechobee Rd Apt 202 | condos | 2 | 2 | 996 | $250,000 | 2026-03-09 |
| 10090 NW 80th Ct Apt 1401 | condos | 2 | 2 | 960 | $247,000 | 2026-03-02 |
| 5888 W 25th Ct Unit 5 | condos | 2 | 2 | 866 | $230,000 | 2026-02-20 |
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 |
|---|---|---|---|---|---|---|
| 15600 NW 82nd Ct | single_family | 4 | 3 | 2,947 | $1,395,000 | — |
| 14629 Glencairn Rd | single_family | 4 | 3 | 2,309 | $1,100,000 | — |
| 15721 NW 79th Ct | single_family | 4 | 4 | 3,093 | $1,699,000 | — |
| 15901 NW 83rd Pl | single_family | 4 | 3 | 2,889 | $1,250,000 | — |
| 2561 W 60th Pl Unit 102-1 | townhomes | 4 | 3 | 1,798 | $429,999 | — |
| 16581 NW 84th Ave | single_family | 4 | 3 | 2,659 | $1,499,999 | — |
| 16820 NW 80th Ct | single_family | 4 | 3 | 2,186 | $995,000 | — |
| 2450 W 67th Pl Unit 13-12 | townhomes | 4 | 3 | 1,665 | $385,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $401,494 | $9,783 | -$15,684 | $308,459 | $93,035 |
| 2 | $413,539 | $10,158 | -$15,344 | $304,846 | $108,693 |
| 3 | $425,945 | $10,546 | -$14,992 | $300,984 | $124,961 |
| 4 | $438,723 | $10,948 | -$14,627 | $296,858 | $141,866 |
| 5 | $451,885 | $11,364 | -$14,249 | $292,448 | $159,437 |
| 6 | $465,442 | $11,795 | -$13,857 | $287,735 | $177,706 |
| 7 | $479,405 | $12,242 | -$13,451 | $282,699 | $196,706 |
| 8 | $493,787 | $12,704 | -$13,031 | $277,317 | $216,470 |
| 9 | $508,601 | $13,182 | -$12,595 | $271,565 | $237,036 |
| 10 | $523,859 | $13,677 | -$12,143 | $265,418 | $258,441 |