| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $5,199,000 |
| Down payment (20.0%) | $1,039,800 |
| Loan amount | $4,159,200 |
| Closing costs (5.0%) | $259,950 |
| Total cash to close | $1,299,750 |
| Income | |
| Rent (comp-derived) | $25,000$300,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $23,000$276,000 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $8,232$98,781 |
| Insurance (est. scaled by flood & wind risk) | $6,759$81,104 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,250$15,000 |
| Total operating expenses | $16,240$194,885 |
| 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) | $1,250$15,000 |
| 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 | 5 | 5 | 3,522 | $22,000 | 2025-11-13 | — | |
| single_family | 5 | 5 | 3,384 | $25,000 | 2026-07-18 | — | |
| single_family | 5 | 5 | 3,546 | $29,000 | 2026-05-20 | — |
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 |
|---|---|---|---|---|---|---|
| 865 W 47th St | single_family | 5 | 5 | 3,050 | $2,900,000 | 2026-08-12 |
| 6065 Pine Tree Dr | single_family | 5 | 5 | 4,697 | $13,000,000 | 2026-07-24 |
| 2355 N Meridian Ave | single_family | 5 | 5 | 5,214 | $9,200,000 | 2026-07-08 |
| 2516 Sunset Dr | single_family | 5 | 4 | 4,698 | $10,250,000 | 2026-06-29 |
| 4501 N Bay Rd | single_family | 5 | 5 | 4,401 | $4,500,000 | 2026-06-11 |
| 5181 Lagorce Dr | single_family | 5 | 6 | 4,286 | $4,300,000 | 2026-06-08 |
| 5300 N Bay Rd | single_family | 5 | 4 | 5,029 | $27,000,000 | 2026-06-02 |
| 5055 N Bay Rd | single_family | 5 | 3 | 3,980 | $4,325,000 | 2026-05-27 |
| 4740 Alton Rd | single_family | 5 | 5 | 3,005 | $3,600,000 | 2026-05-14 |
| 4520 N Meridian Ave | single_family | 5 | 5 | 4,237 | $5,150,000 | 2026-05-13 |
| 5208 Alton Rd | single_family | 5 | 4 | 4,232 | $2,400,000 | 2026-05-13 |
| 1635 W 27th St | single_family | 5 | 4 | 4,140 | $11,100,000 | 2026-04-14 |
| 2729 N Bay Rd | single_family | 5 | 5 | 3,565 | $5,200,000 | 2026-03-26 |
| 5763 N Bay Rd | single_family | 5 | 2 | 5,735 | $6,200,000 | 2026-03-12 |
| 1021 W 46th St | single_family | 5 | 6 | 3,750 | $5,550,000 | 2026-01-29 |
| 5978 Alton Rd | single_family | 5 | 5 | 3,392 | $2,823,400 | 2026-01-26 |
| 2120 Bay Ave | single_family | 5 | 5 | 5,778 | $19,600,000 | 2025-12-30 |
| 450 W 62nd St | single_family | 5 | 5 | 4,542 | $9,000,000 | 2025-12-17 |
| 5327 N Bay Rd | single_family | 5 | 5 | 4,524 | $7,450,000 | 2025-12-09 |
| 6080 Alton Rd | single_family | 5 | 3 | 2,264 | $2,900,000 | 2025-12-01 |
| 4450 N Jefferson Ave | single_family | 5 | 4 | 2,735 | $2,150,000 | 2025-11-24 |
| 1033 W 47th St | single_family | 5 | 4 | 2,977 | $2,200,000 | 2025-10-20 |
| 2012 N Bay Rd | single_family | 5 | 4 | 4,155 | $10,850,000 | 2025-10-17 |
| 4545 Nautilus Ct | single_family | 5 | 5 | 3,325 | $2,760,000 | 2025-09-30 |
| 2525 Flamingo Pl | single_family | 5 | 4 | 4,510 | $5,250,000 | 2025-09-15 |
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 |
|---|---|---|---|---|---|---|
| 5801 Collins Ave Apt 1600 | condos | 5 | 5 | 4,977 | $8,500,000 | — |
| 5170 Lagorce Dr | single_family | 5 | 5 | 4,962 | $10,360,000 | — |
| 795 Lakeview Dr | single_family | 5 | 8 | 6,162 | $10,750,000 | — |
| 4430 Alton Rd | single_family | 5 | 6 | 3,581 | $3,787,000 | — |
| 2388 Prairie Ave | single_family | 5 | 6 | 3,677 | $3,900,000 | — |
| 5860 Pine Tree Dr | single_family | 5 | 5 | 4,636 | $4,450,000 | — |
| 5835 Lagorce Dr | single_family | 5 | 4 | 2,526 | $2,850,000 | — |
| 5630 Pine Tree Dr | single_family | 5 | 6 | 4,062 | $6,350,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,354,970 | $81,115 | -$254,623 | $4,114,105 | $1,240,865 |
| 2 | $5,515,619 | $84,522 | -$251,590 | $4,065,913 | $1,449,706 |
| 3 | $5,681,088 | $88,057 | -$248,440 | $4,014,412 | $1,666,675 |
| 4 | $5,851,520 | $91,722 | -$245,169 | $3,959,375 | $1,892,146 |
| 5 | $6,027,066 | $95,523 | -$241,771 | $3,900,557 | $2,126,509 |
| 6 | $6,207,878 | $99,465 | -$238,244 | $3,837,701 | $2,370,177 |
| 7 | $6,394,114 | $103,551 | -$234,582 | $3,770,528 | $2,623,586 |
| 8 | $6,585,938 | $107,788 | -$230,780 | $3,698,743 | $2,887,195 |
| 9 | $6,783,516 | $112,180 | -$226,834 | $3,622,028 | $3,161,488 |
| 10 | $6,987,021 | $116,732 | -$222,738 | $3,540,045 | $3,446,977 |