| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,699,500 |
| Down payment (20.0%) | $539,900 |
| Loan amount | $2,159,600 |
| Closing costs (5.0%) | $134,975 |
| Total cash to close | $674,875 |
| Income | |
| Rent (comp-derived) | $5,980$71,760 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,502$66,019 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,274$51,291 |
| Insurance (placeholder 0.8% of price) | $1,800$21,596 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $299$3,588 |
| Total operating expenses | $6,373$76,475 |
| 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) | $299$3,588 |
| 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 | 2 | 1,722 | $2,900 | 2026-05-07 | — | |
| single_family | 4 | 3 | 2,732 | $15,000 | 2026-07-14 | — | |
| single_family | 4 | 2 | 1,890 | $3,960 | 2026-08-11 | — | |
| single_family | 4 | 3 | 2,440 | $8,000 | 2025-03-11 | — |
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 |
|---|---|---|---|---|---|---|
| 1109 SE 11th Ct | single_family | 4 | 3 | 2,668 | $1,750,000 | 2026-07-27 |
| 912 SE 13th St | single_family | 4 | 2 | 988 | $1,450,000 | 2026-07-17 |
| 8 Harborage | single_family | 4 | 6 | 7,546 | $13,700,000 | 2026-07-16 |
| 1200 Cordova Rd | single_family | 4 | 5 | 4,274 | $3,600,000 | 2026-07-10 |
| 1520 SE 10th St | single_family | 4 | 3 | 4,146 | $6,325,000 | 2026-07-08 |
| 1601 Seabreeze Blvd | single_family | 4 | 3 | 1,997 | $1,650,000 | 2026-06-09 |
| 1417 Ponce De Leon Dr | single_family | 4 | 3 | 3,332 | $2,875,000 | 2026-06-03 |
| 1618 SE 14th St | single_family | 4 | 4 | 2,590 | $2,675,000 | 2026-06-02 |
| 1212 Ponce De Leon Dr | single_family | 4 | 3 | 2,734 | $2,210,000 | 2026-05-18 |
| 1900 Admirals Way | single_family | 4 | 3 | 2,681 | $1,875,000 | 2026-05-08 |
| 1111 SE 9th Ave | single_family | 4 | 5 | 3,600 | $3,325,000 | 2026-05-05 |
| 1344 Seabreeze Blvd | single_family | 4 | 4 | 2,605 | $1,635,000 | 2026-04-06 |
| 1013 SE 9th St | single_family | 4 | 5 | 4,002 | $2,999,000 | 2026-03-26 |
| 716 Ponce De Leon Dr | single_family | 4 | 3 | 2,215 | $1,800,000 | 2026-02-02 |
| 2608 Inlet Dr | single_family | 4 | 2 | 1,834 | $2,850,000 | 2026-01-15 |
| 1925 Harbourview Dr | single_family | 4 | 5 | 4,306 | $4,300,000 | 2026-01-14 |
| 1959 Marietta Dr | single_family | 4 | 2 | 2,237 | $1,985,000 | 2026-01-09 |
| 1213 Cordova Rd | single_family | 4 | 5 | 2,321 | $1,298,000 | 2026-01-08 |
| 1813 SE 9th St | single_family | 4 | 4 | 3,288 | $3,977,800 | 2025-12-31 |
| 924 S Rio Vista Blvd | single_family | 4 | 4 | 3,442 | $2,900,000 | 2025-12-11 |
| 1132 SE 6th Ter | single_family | 4 | 5 | 3,642 | $2,850,000 | 2025-12-10 |
| 1236 E Lake Dr | single_family | 4 | 2 | 2,400 | $1,650,000 | 2025-12-08 |
| 2642 Barbara Dr | single_family | 4 | 5 | 3,432 | $1,835,000 | 2025-11-14 |
| 2542 Laguna Dr | single_family | 4 | 3 | 3,178 | $7,550,000 | 2025-11-04 |
| 1206 E Lake Dr | single_family | 4 | 4 | 3,500 | $3,225,000 | 2025-10-20 |
| 1925 SE 25th Ave | single_family | 4 | 3 | 2,253 | $1,500,000 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 1001 SE 10th St | single_family | 4 | 3 | 2,518 | $2,245,000 | — |
| 1322 Cordova Rd | single_family | 4 | 3 | 1,762 | $2,650,000 | — |
| 1518 E Lake Dr | single_family | 4 | 5 | 3,781 | $3,995,000 | — |
| 2100 S Ocean Ln Unit 101-102 | condos | 4 | 4 | 3,003 | $1,299,000 | — |
| 1313 Seabreeze Blvd Unit B | single_family | 4 | 3 | 2,623 | $1,850,000 | — |
| 801 Seabreeze Blvd Ph 2406 | condos | 4 | 5 | 4,982 | $22,000,000 | — |
| 1630 SE 11th St | single_family | 4 | 4 | 2,545 | $3,750,000 | — |
| 1701 SE 10th St | single_family | 4 | 5 | 4,240 | $4,900,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,780,485 | -$10,455 | -$180,581 | $2,136,185 | $644,300 |
| 2 | $2,863,900 | -$10,387 | -$180,602 | $2,111,162 | $752,737 |
| 3 | $2,949,817 | -$10,306 | -$180,614 | $2,084,421 | $865,395 |
| 4 | $3,038,311 | -$10,214 | -$180,616 | $2,055,844 | $982,467 |
| 5 | $3,129,460 | -$10,108 | -$180,607 | $2,025,304 | $1,104,156 |
| 6 | $3,223,344 | -$9,990 | -$180,587 | $1,992,667 | $1,230,677 |
| 7 | $3,320,045 | -$9,857 | -$180,556 | $1,957,789 | $1,362,256 |
| 8 | $3,419,646 | -$9,709 | -$180,512 | $1,920,515 | $1,499,131 |
| 9 | $3,522,235 | -$9,546 | -$180,455 | $1,880,682 | $1,641,553 |
| 10 | $3,627,902 | -$9,366 | -$180,385 | $1,838,114 | $1,789,789 |