| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,269,000 |
| Down payment (20.0%) | $253,800 |
| Loan amount | $1,015,200 |
| Closing costs (5.0%) | $63,450 |
| Total cash to close | $317,250 |
| Income | |
| Rent (comp-derived) | $4,800$57,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,416$52,992 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,009$24,111 |
| Insurance (placeholder 0.8% of price) | $846$10,152 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $240$2,880 |
| Total operating expenses | $3,095$37,143 |
| 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) | $240$2,880 |
| 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 | 3 | 2 | 2,332 | $2,950 | 2026-06-29 | — | |
| single_family | 3 | 2 | 2,332 | $3,000 | 2026-06-29 | — | |
| single_family | 3 | 2 | 2,650 | $9,000 | 2026-07-05 | — | |
| single_family | 3 | 3 | 2,702 | $10,750 | 2026-06-22 | — | |
| single_family | 3 | 2 | 1,743 | $4,800 | — | — |
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 |
|---|---|---|---|---|---|---|
| 13200 Ortega Ln | single_family | 3 | 3 | 2,760 | $2,375,000 | 2026-08-14 |
| 2065 Keystone Blvd | single_family | 3 | 2 | 2,053 | $2,020,000 | 2026-07-20 |
| 2130 NE 122nd Rd | single_family | 3 | 4 | 2,295 | $2,400,000 | 2026-07-17 |
| 2075 S Hibiscus Dr | single_family | 3 | 3 | 1,641 | $1,350,000 | 2026-06-30 |
| 2010 Alamanda Dr | single_family | 3 | 2 | 1,586 | $1,430,000 | 2026-06-26 |
| 1905 NE 124th St | single_family | 3 | 2 | 2,094 | $1,125,000 | 2026-06-05 |
| 11660 Canal Dr | single_family | 3 | 2 | 1,929 | $1,240,000 | 2026-06-01 |
| 11525 NE 22nd Dr | single_family | 3 | 3 | 3,525 | $2,275,000 | 2026-05-29 |
| 2060 Keystone Blvd | single_family | 3 | 2 | 1,924 | $1,085,000 | 2026-05-28 |
| 12943 Ixora Cir | single_family | 3 | 2 | 3,155 | $3,300,000 | 2026-05-26 |
| 1995 Ixora Rd | single_family | 3 | 2 | 1,871 | $2,100,000 | 2026-05-13 |
| 14000 NE 16th Ct | single_family | 3 | 2 | 1,400 | $570,000 | 2026-05-11 |
| 2104 NE 124th St | single_family | 3 | 2 | 1,558 | $2,300,000 | 2026-04-09 |
| 1745 NE 137th Ter | single_family | 3 | 2 | 2,100 | $775,000 | 2026-04-03 |
| 11505 N Bayshore Dr | single_family | 3 | 3 | 2,296 | $1,300,000 | 2026-03-26 |
| 2108 NE 124th St | single_family | 3 | 2 | 2,264 | $2,275,000 | 2026-03-25 |
| 12540 Palm Rd | single_family | 3 | 2 | 1,822 | $1,150,000 | 2026-03-04 |
| 12430 Keystone Island Dr | single_family | 3 | 3 | 2,048 | $1,500,000 | 2026-02-25 |
| 13205 Coronado Dr | single_family | 3 | 2 | 1,980 | $2,300,000 | 2026-01-29 |
| 12910 Auralia Rd | single_family | 3 | 2 | 2,569 | $3,000,000 | 2025-12-16 |
| 12488 N Bayshore Dr | single_family | 3 | 2 | 2,179 | $2,000,000 | 2025-12-12 |
| 12905 Cherry Rd | single_family | 3 | 3 | 2,674 | $3,150,000 | 2025-12-04 |
| 14500 NE 18th Ave | single_family | 3 | 1 | 1,048 | $690,000 | 2025-10-30 |
| 13105 Coronado Dr | single_family | 3 | 2 | 2,412 | $2,300,000 | 2025-10-29 |
| 12902 Ixora Rd | single_family | 3 | 2 | 1,425 | $1,300,000 | 2025-10-23 |
| 12942 Ixora Rd | single_family | 3 | 2 | 1,620 | $940,000 | 2025-10-02 |
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 |
|---|---|---|---|---|---|---|
| 2411 Laguna Cir Unit 306 | condos | 3 | 3 | 1,569 | $1,798,000 | — |
| 1800 NE 114th St Apt 508 | condos | 3 | 3 | 1,950 | $290,000 | — |
| 2411 Laguna Cir Unit 701 | condos | 3 | 4 | 2,131 | $2,572,100 | — |
| 11111 Biscayne 2-4c or 427 Blvd Unit Tower | condos | 3 | 3 | 1,674 | $405,000 | — |
| 11113 Biscayne Blvd Unit 558 | condos | 3 | 3 | 2,749 | $899,000 | — |
| 1800 NE 114th St Apt 909 | condos | 3 | 3 | 2,320 | $450,000 | — |
| 1800 NE 114th St Apt 401 | condos | 3 | 3 | 1,950 | $320,000 | — |
| 13501 NE 23rd Ct | townhomes | 3 | 2 | 1,640 | $330,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,307,070 | $15,849 | -$65,318 | $1,004,193 | $302,877 |
| 2 | $1,346,282 | $16,510 | -$64,729 | $992,430 | $353,852 |
| 3 | $1,386,671 | $17,196 | -$64,117 | $979,859 | $406,811 |
| 4 | $1,428,271 | $17,907 | -$63,482 | $966,425 | $461,845 |
| 5 | $1,471,119 | $18,644 | -$62,822 | $952,069 | $519,050 |
| 6 | $1,515,252 | $19,408 | -$62,138 | $936,727 | $578,526 |
| 7 | $1,560,710 | $20,201 | -$61,427 | $920,331 | $640,379 |
| 8 | $1,607,531 | $21,022 | -$60,689 | $902,809 | $704,722 |
| 9 | $1,655,757 | $21,874 | -$59,923 | $884,084 | $771,673 |
| 10 | $1,705,430 | $22,756 | -$59,128 | $864,073 | $841,357 |