| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,995,000 |
| Down payment (20.0%) | $599,000 |
| Loan amount | $2,396,000 |
| Closing costs (5.0%) | $149,750 |
| Total cash to close | $748,750 |
| Income | |
| Rent (comp-derived) | $6,000$72,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,520$66,240 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,742$56,905 |
| Insurance (placeholder 0.8% of price) | $1,997$23,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $300$3,600 |
| Total operating expenses | $7,039$84,465 |
| 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) | $300$3,600 |
| 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 | 4 | 4 | 1,900 | $3,900 | 2026-08-09 | — | |
| single_family | 4 | 3 | 2,166 | $6,000 | 2026-03-11 | — | |
| single_family | 4 | 3 | 1,932 | $6,000 | 2026-08-17 | — | |
| single_family | 4 | 3 | 2,255 | $10,495 | 2026-05-27 | — | |
| single_family | 4 | 4 | 2,770 | $6,500 | 2026-06-04 | — | |
| single_family | 4 | 3 | 2,158 | $5,450 | 2026-08-07 | — | |
| single_family | 4 | 2 | 1,946 | $6,500 | 2026-05-11 | — | |
| single_family | 4 | 2 | 2,141 | $8,699 | 2025-05-16 | — | |
| single_family | 4 | 4 | 2,272 | $4,600 | — | — | |
| single_family | 4 | 3 | 2,750 | $3,800 | — | — | |
| single_family | 4 | 2 | 1,800 | $4,000 | 2025-11-26 | — |
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 |
|---|---|---|---|---|---|---|
| 1120 S 28th Ave | single_family | 4 | 2 | 1,574 | $550,000 | 2026-08-28 |
| 1610 S 22nd Ave | single_family | 4 | 2 | 1,335 | $455,000 | 2026-08-26 |
| 2857 Adams St | single_family | 4 | 2 | 1,418 | $575,000 | 2026-08-14 |
| 2633 NW Taft St | single_family | 4 | 3 | 1,571 | $615,000 | 2026-08-07 |
| 2701 Scott St | single_family | 4 | 2 | 1,565 | $817,000 | 2026-07-30 |
| 2649 Scott St | single_family | 4 | 3 | 2,022 | $970,000 | 2026-07-02 |
| 2831 Monroe St | single_family | 4 | 3 | 1,594 | $584,000 | 2026-05-29 |
| 1628 Monroe St | single_family | 4 | 3 | 2,674 | $1,050,000 | 2026-05-05 |
| 1425 S 25th Ave | single_family | 4 | 2 | 1,756 | $552,000 | 2026-04-30 |
| 2708 Adams St | single_family | 4 | 2 | 1,650 | $505,000 | 2026-04-15 |
| 2815 Madison St | single_family | 4 | 2 | 1,345 | $437,000 | 2026-04-14 |
| 2631 Wilson St | single_family | 4 | 2 | 1,671 | $520,000 | 2026-03-25 |
| 2630 McKinley St | single_family | 4 | 3 | 2,640 | $595,000 | 2026-02-25 |
| 2318 Washington St | single_family | 4 | 2 | 1,463 | $445,000 | 2026-02-10 |
| 2314 N 26th Ave | single_family | 4 | 2 | 1,409 | $438,000 | 2026-01-28 |
| 1418 Jefferson St | single_family | 4 | 4 | 2,116 | $1,250,000 | 2026-01-12 |
| 1429 Rodman St | single_family | 4 | 4 | 2,513 | $810,000 | 2026-01-05 |
| 2642 Monroe St | single_family | 4 | 3 | 2,471 | $577,500 | 2025-12-26 |
| 500 N 26th Ave | single_family | 4 | 3 | 2,895 | $250,000 | 2025-12-24 |
| 2112 N 14th Ter | single_family | 4 | 2 | 1,467 | $575,000 | 2025-12-22 |
| 1623 Mayo St | single_family | 4 | 5 | 3,285 | $865,000 | 2025-12-11 |
| 2230 Farragut St | single_family | 4 | 3 | — | $499,000 | 2025-12-04 |
| 1443 Harrison St | single_family | 4 | 3 | 2,628 | $1,199,000 | 2025-11-26 |
| 2550 Adams St | single_family | 4 | 3 | 1,877 | $689,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 2327 Freedom St | single_family | 4 | 2 | 1,352 | $330,000 | — |
| 2665 Johnson St | single_family | 4 | 3 | 2,030 | $979,000 | — |
| 2619 Arthur St | single_family | 4 | 3 | 2,708 | $689,000 | — |
| 2701 Garfield St | single_family | 4 | 2 | 1,151 | $564,000 | — |
| 425 S 15th Ave | single_family | 4 | 2 | 2,156 | $765,000 | — |
| 1935 Arthur St | single_family | 4 | 2 | 1,385 | $649,000 | — |
| 1928 Adams St | multi_family | 4 | 2 | 1,755 | $550,000 | — |
| 2442 Funston St | single_family | 4 | 2 | 1,455 | $450,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,084,850 | -$18,225 | -$206,593 | $2,370,022 | $714,828 |
| 2 | $3,177,396 | -$18,349 | -$206,808 | $2,342,260 | $835,135 |
| 3 | $3,272,717 | -$18,467 | -$207,017 | $2,312,592 | $960,126 |
| 4 | $3,370,899 | -$18,577 | -$207,222 | $2,280,886 | $1,090,013 |
| 5 | $3,472,026 | -$18,680 | -$207,422 | $2,247,003 | $1,225,023 |
| 6 | $3,576,187 | -$18,774 | -$207,615 | $2,210,793 | $1,365,393 |
| 7 | $3,683,472 | -$18,859 | -$207,802 | $2,172,097 | $1,511,375 |
| 8 | $3,793,976 | -$18,936 | -$207,983 | $2,130,744 | $1,663,233 |
| 9 | $3,907,796 | -$19,002 | -$208,156 | $2,086,550 | $1,821,245 |
| 10 | $4,025,030 | -$19,057 | -$208,321 | $2,039,322 | $1,985,708 |