| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $765,000 |
| Down payment (20.0%) | $153,000 |
| Loan amount | $612,000 |
| Closing costs (5.0%) | $38,250 |
| Total cash to close | $191,250 |
| Income | |
| Rent (comp-derived) | $2,550$30,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,346$28,152 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,211$14,535 |
| Insurance (placeholder 0.8% of price) | $510$6,120 |
| HOA dues | $1,747$20,964 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $128$1,530 |
| Total operating expenses | $3,596$43,149 |
| 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) | $128$1,530 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 0 | 1 | 494 | $2,921 | 2026-03-30 | — | |
| apartment | 0 | 1 | 522 | $2,271 | 2024-06-11 | — | |
| apartment | 0 | 1 | 458 | $2,550 | 2026-08-19 | — | |
| apartment | 0 | 1 | 511 | $2,783 | 2026-02-05 | — | |
| apartment | 0 | 1 | 546 | $2,201 | 2025-05-02 | — | |
| apartment | 0 | 1 | 482 | $2,689 | 2024-04-12 | — | |
| condos | 0 | 1 | 727 | $3,150 | 2026-08-19 | — | |
| apartment | 0 | 1 | 539 | $2,319 | 2024-06-11 | — | |
| condos | 0 | 1 | 530 | $2,500 | 2026-08-09 | — | |
| apartment | 0 | 1 | 450 | $1,400 | 2026-08-06 | — | |
| apartment | 0 | 1 | 450 | $1,400 | 2026-08-05 | — | |
| condos | 0 | 1 | 531 | $2,800 | 2026-07-26 | — | |
| condos | 0 | 1 | 580 | $2,400 | 2026-07-21 | — | |
| condos | 0 | 1 | 531 | $2,600 | 2026-07-17 | — | |
| condos | 0 | 1 | 530 | $2,350 | 2026-07-14 | — | |
| condos | 0 | 2 | 891 | $3,100 | 2026-07-02 | — | |
| condos | 0 | 1 | 580 | $2,300 | 2026-06-23 | — | |
| apartment | 0 | 1 | 750 | $1,600 | 2026-06-18 | — | |
| condos | 0 | 1 | 580 | $2,350 | 2026-06-17 | — | |
| apartment | 0 | 1 | 500 | $2,000 | 2024-03-05 | — | |
| condos | 0 | 1 | 530 | $2,675 | 2026-04-07 | — | |
| condos | 0 | 1 | 606 | $2,150 | — | — | |
| apartment | 0 | 1 | 642 | $2,525 | — | — | |
| apartment | 0 | 1 | 650 | $2,325 | — | — | |
| apartment | 0 | 1 | 650 | $2,550 | — | — | |
| apartment | 0 | 1 | 650 | $2,400 | — | — | |
| apartment | 0 | 1 | 572 | $2,390 | — | — | |
| apartment | 0 | 1 | 606 | $2,440 | — | — | |
| apartment | 0 | 1 | 650 | $2,700 | — | — | |
| apartment | 0 | 1 | 546 | $2,701 | — | — | |
| apartment | 0 | 1 | 642 | $2,700 | — | — | |
| apartment | 0 | 1 | 666 | $2,785 | — | — | |
| apartment | 0 | 1 | 546 | $2,751 | — | — | |
| apartment | 0 | 1 | 572 | $2,940 | — | — | |
| apartment | 0 | 1 | 572 | $2,940 | — | — | |
| apartment | 0 | 1 | 606 | $2,665 | — | — | |
| apartment | 0 | 1 | 606 | $2,665 | — | — | |
| apartment | 0 | 1 | 572 | $2,740 | — | — | |
| apartment | 0 | 1 | 666 | $2,385 | — | — | |
| apartment | 0 | 1 | 606 | $2,515 | — | — | |
| apartment | 0 | 1 | 658 | $2,439 | — | — | |
| apartment | 0 | 1 | 540 | $2,208 | — | — | |
| apartment | 0 | 1 | 494 | $3,597 | — | — | |
| apartment | 0 | 1 | 531 | $2,398 | — | — | |
| apartment | 0 | 1 | 540 | $2,228 | — | — | |
| apartment | 0 | 1 | 522 | $2,196 | — | — | |
| apartment | 0 | 1 | 540 | $2,208 | — | — | |
| apartment | 0 | 1 | 522 | $2,116 | — | — | |
| apartment | 0 | 1 | 539 | $2,659 | — | — | |
| condos | 0 | 1 | 531 | $2,750 | 2026-08-26 | — | |
| apartment | 0 | 1 | 531 | $2,902 | — | — | |
| apartment | 0 | 1 | 540 | $2,198 | — | — | |
| apartment | 0 | 1 | 546 | $2,351 | — | — | |
| apartment | 0 | 1 | 650 | $2,600 | — | — | |
| apartment | 0 | 1 | 539 | $2,729 | — | — | |
| apartment | 0 | 1 | 531 | $2,433 | — | — | |
| apartment | 0 | 1 | 511 | $2,783 | — | — | |
| apartment | 0 | 1 | 587 | $3,016 | — | — | |
| apartment | 0 | 1 | 540 | $2,337 | — | — | |
| apartment | 0 | 1 | 522 | $2,447 | — | — | |
| apartment | 0 | 1 | 539 | $2,739 | — | — | |
| apartment | 0 | 1 | 458 | $2,545 | — | — | |
| apartment | 0 | 1 | 458 | $2,545 | — | — | |
| apartment | 0 | 1 | 540 | $2,420 | — | — | |
| apartment | 0 | 1 | 458 | $2,545 | — | — | |
| apartment | 0 | 1 | 587 | $3,016 | — | — | |
| apartment | 0 | 1 | 494 | $2,996 | — | — | |
| apartment | 0 | 1 | 494 | $2,971 | — | — | |
| apartment | 0 | 1 | 494 | $3,196 | — | — | |
| apartment | 0 | 1 | 587 | $3,246 | — | — | |
| apartment | 0 | 1 | 636 | $3,219 | — | — | |
| apartment | 0 | 1 | 587 | $3,216 | — | — | |
| apartment | 0 | 1 | 636 | $3,449 | — | — |
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 |
|---|---|---|---|---|---|---|
| 229 SW 9th St Unit 504 | condos | 0 | 1 | 466 | $430,000 | 2026-07-21 |
| 690 SW 1st Ct Apt 3110 | condos | 0 | 2 | 1,255 | $540,000 | 2026-05-13 |
| 801 S Miami Ave Unit 808 | condos | 0 | 1 | 626 | $560,000 | 2026-01-15 |
| 60 SW 13th St Apt 2019 | condos | 0 | 1 | 431 | $315,000 | 2026-01-06 |
| 229 SW 9th St Unit 218 | condos | 0 | 1 | 433 | $475,000 | 2025-12-16 |
| 690 SW 1st Ct Apt 1723 | condos | 0 | 1 | 638 | $315,000 | 2025-09-29 |
| 690 SW 1st Ct Apt 1123 | condos | 0 | 1 | 638 | $300,000 | 2025-09-22 |
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 |
|---|---|---|---|---|---|---|
| 690 SW 1st Ct Apt 3115 | condos | 0 | 2 | 1,255 | $580,000 | — |
| 185 SW 7th St Apt 4100 | condos | 0 | 1 | 580 | $375,000 | — |
| 801 S Miami Ave Unit 309 | condos | 0 | 1 | 627 | $575,000 | — |
| 801 S Miami Ave Unit 610 | condos | 0 | 1 | 626 | $620,000 | — |
| 229 SW 9th St Unit 507 | condos | 0 | 1 | 418 | $475,000 | — |
| 1100 S Miami Ave Apt 3305 | condos | 0 | 1 | 531 | $357,000 | — |
| 185 SW 7th St Apt 3100 | condos | 0 | 1 | 580 | $335,000 | — |
| 152 SW 9th St Unit 1125 | condos | 0 | 1 | 371 | $420,900 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $787,950 | -$14,997 | -$63,722 | $605,365 | $182,585 |
| 2 | $811,589 | -$15,231 | -$63,994 | $598,273 | $213,315 |
| 3 | $835,936 | -$15,467 | -$64,269 | $590,695 | $245,241 |
| 4 | $861,014 | -$15,704 | -$64,547 | $582,597 | $278,417 |
| 5 | $886,845 | -$15,943 | -$64,826 | $573,942 | $312,903 |
| 6 | $913,450 | -$16,183 | -$65,109 | $564,693 | $348,757 |
| 7 | $940,854 | -$16,425 | -$65,394 | $554,809 | $386,044 |
| 8 | $969,079 | -$16,667 | -$65,680 | $544,246 | $424,833 |
| 9 | $998,151 | -$16,911 | -$65,969 | $532,958 | $465,193 |
| 10 | $1,028,096 | -$17,155 | -$66,261 | $520,895 | $507,201 |