2333 Brickell Ave Apt 2814

Miami, FL 33129 · condos · For Sale · 15 days on market
Asking price$560,000
1 beds 2 baths 930 sqft
Suggested offer$479,015$80,985 above the est. market value of $479,015.
View on Realtor.com →
Listed by Oliver Ruiz · Coldwell Banker Realty
Typecondos
Built1974
Price / sqft$602
Est. value (own analysis)$479,015
Rent estimate (own analysis)$2,950/mo
HOA$814/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-19
Removed date
MLSMiamiMLS #A12073082
Coordinates25.75136, -80.20025
Address2333 Brickell Ave Apt 2814
CityMiami
StateFL
Zip33129
Listing ID6202711128
Sourceus-real-estate-listings, cached 2026-08-29

ZIP market snapshot (33129)

Typical home value (ZHVI)$689,590
Typical rent (ZORI)$3,599/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.

Underwriting (buy-and-hold, default assumptions)

Purchase price$560,000
Down payment (20.0%)$112,000
Loan amount$448,000
Closing costs (5.0%)$28,000
Total cash to close$140,000
Rent (comp-derived)$2,950$35,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$35,400
Vacancy rate (assumption) assumption8.0%

$35,400 × 8.0% = $2,832

Effective gross income$2,714$32,568
Property tax (placeholder 1.9% of price)$887$10,640
Insurance (placeholder 0.8% of price)$373$4,480
HOA dues$814$9,768
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$148$1,770
Total operating expenses$2,222$26,658
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$32,568
Total operating expenses derived$26,658

$32,568 − $26,658 = $5,910

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$448,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$448,000 amortized at 6.7% over 30 years = $2,879/mo

CapEx reserve (5.0% of GSR)$148$1,770
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$5,910
Annual debt service derived$34,548
Annual CapEx reserve assumption$1,770
Annual PMI assumption$0

($5,910 − $34,548 − $1,770 − $0) ÷ 12 = -$2,534

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$5,910
Purchase price data$560,000

$5,910 ÷ $560,000 = 1.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$30,408
Total cash to close derived$140,000

-$30,408 ÷ $140,000 = -21.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$5,910
Annual debt service derived$34,548

$5,910 ÷ $34,548 = 0.17

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$35,400
Purchase price data$560,000

($35,400 ÷ 12) ÷ $560,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$560,000
Gross scheduled rent (annual) comp$35,400

$560,000 ÷ $35,400 = 15.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$26,658
Effective gross income derived$32,568

$26,658 ÷ $32,568 = 81.9%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$26,658
Annual debt service derived$34,548
Annual PMI assumption$0
Gross scheduled rent (annual) comp$35,400

($26,658 + $34,548 + $0) ÷ $35,400 = 172.9%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos12750$3,0502026-08-18
condos11791$2,9002026-08-18
condos11791$3,1002026-08-17
condos12612$2,6002026-08-17
apartment11627$2,2752024-12-13
condos12612$2,7002026-08-14
condos11791$3,1002026-08-13
condos11628$6,5002026-08-11
condos11648$2,7002026-08-06
condos11895$2,8002026-08-05
condos11640$2,5002026-07-27
condos121,040$3,5002026-07-16
condos11791$2,9002026-07-16
condos11791$3,1002026-07-15
condos121,064$2,9002026-07-13
condos11832$3,3002026-07-13
condos11832$2,9502026-07-13
condos11710$2,4992026-07-12
condos12804$2,4502026-07-10
condos12804$2,4502026-07-10
apartment11715$2,4902026-07-09
condos11715$2,2002026-07-06
apartment121,064$2,8502026-07-06
condos12930$3,5502026-07-02
condos11850$3,0002026-07-01
condos11746$3,1502026-06-30
condos12804$2,5002026-06-26
condos12670$2,1502026-06-24
condos12930$3,1002026-06-24
condos12868$2,7502026-06-23
apartment161,064$2,7502026-06-17
apartment11650$1,9502026-06-12
condos12750$2,7502026-06-08
condos11886$1,8002026-06-05
condos11791$3,2002026-06-05
condos11904$2,4502026-06-04
condos11791$3,9002026-05-26
condos11713$2,3002026-05-22
condos12750$2,7502026-05-19
condos111,012$2,9502026-05-18
condos11628$5,0002026-05-14
condos11791$3,0002026-05-12
condos12612$2,9502026-05-11
condos11791$3,3002026-08-03
condos11998$3,0002026-07-31
condos11791$3,1002026-07-29
apartment11791$3,5002026-07-28
condos11713$2,3502026-07-28
apartment11700$2,7502024-09-28
condos121,005$2,6502026-04-01
condos11791$3,1002026-08-25
condos121,064$2,8502026-04-11
condos121,064$3,3002026-04-15
condos11791$3,0002026-02-19
condos111,001$3,4002026-03-04
condos111,001$3,4002026-04-04
apartment11791$3,0002025-12-01
apartment11740$2,7502025-06-17
condos121,064$3,300
condos12930$3,550
condos12930$3,5002026-08-28
condos111,001$3,8502026-08-31
condos12750$3,2002026-08-31
condos121,064$3,1002026-09-01

1528 Brickell Ave Apt 211

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage750
Listed2026-08-18
Days on market

Asking rent: $3,050

View on Zillow →

2101 Brickell Ave Apt 1902

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-08-18
Days on market

Asking rent: $2,900

View on Zillow →

2101 Brickell Ave Apt 1109

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-08-17
Days on market

Asking rent: $3,100

View on Zillow →

200 SE 15th Rd Apt 16H

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage612
Listed2026-08-17
Days on market

Asking rent: $2,600

View on Zillow →

2110 and 2140 SW 3rd Ave

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage627
Listed2024-12-13
Days on market

Asking rent: $2,275

View on Zillow →

200 SE 15th Rd Apt 5H

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage612
Listed2026-08-14
Days on market

Asking rent: $2,700

View on Zillow →

2101 Brickell Ave Apt 1002

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-08-13
Days on market

Asking rent: $3,100

View on Zillow →

1611 SW 2nd Ave Unit 610

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage628
Listed2026-08-11
Days on market

Asking rent: $6,500

View on Zillow →

2021 SW 3rd Ave Apt 602

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage648
Listed2026-08-06
Days on market

Asking rent: $2,700

View on Zillow →

2475 Brickell Ave Apt 1609

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage895
Listed2026-08-05
Days on market

Asking rent: $2,800

View on Zillow →

2530 SW 3rd Ave Apt 503

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage640
Listed2026-07-27
Days on market

Asking rent: $2,500

View on Zillow →

1865 Brickell Ave Apt A606

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,040
Listed2026-07-16
Days on market

Asking rent: $3,500

View on Zillow →

2101 Brickell Ave Apt 2611

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-07-16
Days on market

Asking rent: $2,900

View on Zillow →

2101 Brickell Ave Apt 1611

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-07-15
Days on market

Asking rent: $3,100

View on Zillow →

1901 Brickell Ave Apt B1903

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,064
Listed2026-07-13
Days on market

Asking rent: $2,900

View on Zillow →

2451 Brickell Ave Apt 11T

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage832
Listed2026-07-13
Days on market

Asking rent: $3,300

View on Zillow →

2451 Brickell Ave Apt 7P

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage832
Listed2026-07-13
Days on market

Asking rent: $2,950

View on Zillow →

280 SW 20th Rd Apt 504

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage710
Listed2026-07-12
Days on market

Asking rent: $2,499

View on Zillow →

150 SE 25th Rd Apt 2K

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage804
Listed2026-07-10
Days on market

Asking rent: $2,450

View on Zillow →

150 SE 25th Rd Apt 4I

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage804
Listed2026-07-10
Days on market

Asking rent: $2,450

View on Zillow →

2400 SW 3rd Ave Apt 506

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage715
Listed2026-07-09
Days on market

Asking rent: $2,490

View on Zillow →

2400 SW 3rd Ave Apt 706

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage715
Listed2026-07-06
Days on market

Asking rent: $2,200

View on Zillow →

1901 Brickell Ave Apt B1007

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,064
Listed2026-07-06
Days on market

Asking rent: $2,850

View on Zillow →

2333 Brickell Ave Apt 614

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage930
Listed2026-07-02
Days on market

Asking rent: $3,550

View on Zillow →

2475 Brickell Ave Apt 1805

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage850
Listed2026-07-01
Days on market

Asking rent: $3,000

View on Zillow →

201 SW 17th Rd Unit 611

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage746
Listed2026-06-30
Days on market

Asking rent: $3,150

View on Zillow →

150 SE 25th Rd Apt 2J

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage804
Listed2026-06-26
Days on market

Asking rent: $2,500

View on Zillow →

2701 SW 3rd Ave Apt 301

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage670
Listed2026-06-24
Days on market

Asking rent: $2,150

View on Zillow →

2333 Brickell Ave Apt 314

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage930
Listed2026-06-24
Days on market

Asking rent: $3,100

View on Zillow →

1865 Brickell Ave Apt A805

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage868
Listed2026-06-23
Days on market

Asking rent: $2,750

View on Zillow →

1901 Brickell Ave Apt B1807

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 6 ba
Square footage1,064
Listed2026-06-17
Days on market

Asking rent: $2,750

View on Zillow →

350 SW 15th Rd Apt 9

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage650
Listed2026-06-12
Days on market

Asking rent: $1,950

View on Zillow →

1650 Brickell Ave Apt 206

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage750
Listed2026-06-08
Days on market

Asking rent: $2,750

View on Zillow →

637 SW 11th St Unit 6W

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage886
Listed2026-06-05
Days on market

Asking rent: $1,800

View on Zillow →

2101 Brickell Ave Apt 1103

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-06-05
Days on market

Asking rent: $3,200

View on Zillow →

2950 SW 3rd Ave Apt 7F

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage904
Listed2026-06-04
Days on market

Asking rent: $2,450

View on Zillow →

2101 Brickell Ave Apt 1104

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-05-26
Days on market

Asking rent: $3,900

View on Zillow →

2201 Brickell Ave Apt 61

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage713
Listed2026-05-22
Days on market

Asking rent: $2,300

View on Zillow →

1650 Brickell Ave Apt 110

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage750
Listed2026-05-19
Days on market

Asking rent: $2,750

View on Zillow →

2451 Brickell Ave Apt 6N

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,012
Listed2026-05-18
Days on market

Asking rent: $2,950

View on Zillow →

1611 SW 2nd Ave Unit 510

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage628
Listed2026-05-14
Days on market

Asking rent: $5,000

View on Zillow →

2101 Brickell Ave Apt 808

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-05-12
Days on market

Asking rent: $3,000

View on Zillow →

200 SE 15th Rd Ph F

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage612
Listed2026-05-11
Days on market

Asking rent: $2,950

View on Zillow →

2101 N Brickell Ave Unit 2504

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-08-03
Days on market

Asking rent: $3,300

View on Zillow →

2451 Brickell Ave Apt 17U

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage998
Listed2026-07-31
Days on market

Asking rent: $3,000

View on Zillow →

2101 Brickell Ave Apt 1908

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-07-29
Days on market

Asking rent: $3,100

View on Zillow →

2101 Brickell Ave Apt 2809

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-07-28
Days on market

Asking rent: $3,500

View on Zillow →

2201 Brickell Ave Apt 46

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage713
Listed2026-07-28
Days on market

Asking rent: $2,350

View on Zillow →

1550 Brickell Ave

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage700
Listed2024-09-28
Days on market

Asking rent: $2,750

View on Zillow →

1915 Brickell Ave Apt C1109

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,005
Listed2026-04-01
Days on market

Asking rent: $2,650

View on Zillow →

2101 Brickell Ave Apt 1805

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-08-25
Days on market

Asking rent: $3,100

View on Zillow →

1865 Brickell Ave Apt A707

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,064
Listed2026-04-11
Days on market

Asking rent: $2,850

View on Zillow →

1865 Brickell Ave Apt A1207

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,064
Listed2026-04-15
Days on market

Asking rent: $3,300

View on Zillow →

2101 Brickell Ave Apt 2202

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2026-02-19
Days on market

Asking rent: $3,000

View on Zillow →

2451 Brickell Ave Apt 18F

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,001
Listed2026-03-04
Days on market

Asking rent: $3,400

View on Zillow →

2451 Brickell Ave Ph F

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,001
Listed2026-04-04
Days on market

Asking rent: $3,400

View on Zillow →

2101 Brickell Ave Apt 508

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage791
Listed2025-12-01
Days on market

Asking rent: $3,000

View on Zillow →

1550 Brickell Ave Unit D

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage740
Listed2025-06-17
Days on market

Asking rent: $2,750

View on Zillow →

1865 Brickell Ave # #fl

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,064
Listed
Days on market

Asking rent: $3,300

View on Zillow →

2333 Brickell Ave # CU614

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage930
Listed
Days on market

Asking rent: $3,550

View on Zillow →

2333 Brickell Ave Apt 2309

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage930
Listed2026-08-28
Days on market

Asking rent: $3,500

View on Zillow →

2451 Brickell Ave Apt 11F

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,001
Listed2026-08-31
Days on market

Asking rent: $3,850

View on Zillow →

1650 Brickell Ave Apt 201

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage750
Listed2026-08-31
Days on market

Asking rent: $3,200

View on Zillow →

1865 Brickell Ave Apt A1602

Miami, 33129 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,064
Listed2026-09-01
Days on market

Asking rent: $3,100

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2525 SW 3rd Ave Apt 1603condos11821$425,0002026-08-22
201 SW 17th Rd Unit 606condos11682$348,6412026-08-07
1925 NE Brickell Ave Unit 1703condos121,005$480,0002026-08-06
1901 Brickell Ave Apt B1107condos121,064$454,0002026-07-27
1865 Brickell Ave Apt A1104condos12868$410,0002026-07-23
1600 SW 1st Ave Apt 305condos11607$450,0002026-07-17
2101 Brickell Ave Apt 2103condos11791$485,0002026-07-15
150 SE 25th Rd Apt 11Lcondos12804$495,0002026-06-12
2451 Brickell Ave Apt 12Ccondos11886$440,0002026-05-12
201 SW 17th Rd Unit 304condos11714$300,0002026-04-30
1581 Brickell Ave Unit 107condos121,042$455,0002026-04-30
150 SE 25th Rd Apt 8Lcondos12804$488,5002026-03-31
2333 Brickell Ave Apt 2609condos12930$560,0002026-03-17
2701 SW 3rd Ave Apt 702condos12695$357,5002026-02-13
2451 Brickell Ave Apt 6Ncondos111,012$425,0002026-01-29
1581 Brickell Ave Apt 1408condos11717$390,0002026-01-21
1901 Brickell Ave Apt B2205condos12868$380,0002026-01-09
1581 Brickell Ave Apt 1107condos121,042$440,0002025-12-29
150 SE 25th Rd Apt 10Kcondos12804$475,0002025-12-22
150 SE 25th Rd Apt 9Kcondos12804$490,0002025-12-19
2525 SW 3rd Ave Ph 4condos11693$415,0002025-12-03
2021 SW 3rd Ave Apt 903condos11698$360,0002025-12-01
2451 Brickell Ave Apt 16Kcondos11886$440,0002025-10-27
200 SE 15th Rd Apt 4Econdos12612$385,0002025-10-23
2525 SW 3rd Ave Apt 1604condos11693$385,0002025-10-09
2400 SW 3rd Ave Apt 605condos11857$350,0002025-09-19

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1611 SW 2nd Ave Unit 510condos11628$1,010,000
2101 Brickell Ave Apt 1808condos11791$450,000
1611 SW 2nd Ave Unit 707condos11600$859,000
1600 SW 1st Ave Apt 303condos11659$510,000
2530 SW 3rd Ave Apt 103condos11640$300,000
1611 SW 2nd Ave Unit 610condos11628$799,000
2451 Brickell Ave Apt 7Pcondos11832$460,000
1581 Brickell 2-Prking Ave Unit 1907condos121,042$575,000

10-year hold projection

IRR-4.5%
Equity multiple0.25x
Total return (10yr)-$31,326
YearProperty valueNOICash flowLoan balanceEquity
1$576,800$5,910-$30,408$443,143$133,657
2$594,104$6,221-$30,141$437,952$156,152
3$611,927$6,544-$29,863$432,404$179,523
4$630,285$6,880-$29,574$426,476$203,809
5$649,193$7,230-$29,271$420,141$229,053
6$668,669$7,594-$28,956$413,370$255,299
7$688,729$7,973-$28,628$406,135$282,595
8$709,391$8,367-$28,285$398,403$310,989
9$730,673$8,776-$27,928$390,139$340,534
10$752,593$9,202-$27,556$381,309$371,285
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.