| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $160,000 |
| Down payment (20.0%) | $32,000 |
| Loan amount | $128,000 |
| Closing costs (5.0%) | $8,000 |
| Total cash to close | $40,000 |
| Income | |
| Rent (comp-derived) | $1,350$16,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,242$14,904 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $253$3,040 |
| Insurance (placeholder 0.8% of price) | $107$1,280 |
| HOA dues | $350$4,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $68$810 |
| Total operating expenses | $778$9,330 |
| 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) | $68$810 |
| 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 | 450 | $1,300 | 2026-08-06 | — | |
| apartment | 0 | 1 | 464 | $1,150 | 2026-05-22 | — | |
| apartment | 0 | 1 | 395 | $1,115 | 2026-08-02 | — | |
| apartment | 0 | 1 | 400 | $1,190 | 2026-03-24 | — | |
| apartment | 0 | 9 | 450 | $1,600 | 2025-07-01 | — | |
| condos | 0 | — | 510 | $1,500 | 2026-08-28 | — | |
| apartment | 0 | 1 | 550 | $1,826 | 2024-08-14 | — | |
| condos | 0 | 1 | 710 | $1,350 | 2026-06-20 | — | |
| condos | 0 | 1 | 576 | $1,499 | 2026-06-20 | — | |
| apartment | 0 | 1 | 550 | $1,400 | 2023-11-06 | — | |
| apartment | 0 | 1 | 500 | $1,300 | — | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 1470 NE 123rd St Unit A701 | condos | 2 | 2 | 1,260 | $245,000 | 2026-08-31 |
| 1250 NE 125th St Unit 311C | condos | 1 | 2 | 820 | $137,280 | 2026-08-18 |
| 11905 NE 2nd Ave Unit C403 | condos | 2 | 2 | 1,046 | $165,000 | 2026-08-06 |
| 11905 NE 2nd Ave Unit C411 | condos | 2 | 2 | 1,046 | $130,000 | 2026-07-31 |
| 1312 NE 117th Ter Unit 1 | condos | 3 | 3 | 2,300 | $710,000 | 2026-07-27 |
| 1310 NE 117th Ter Unit 2 | condos | 2 | 2 | 1,700 | $565,000 | 2026-07-21 |
| 1465 NE 123rd St Apt 714 | condos | 1 | 1 | 750 | $125,000 | 2026-07-17 |
| 12890 NE 8th Ave Apt 203 | condos | 1 | 1 | 714 | $146,000 | 2026-07-17 |
| 12035 NE 2nd Ave Unit A423 | condos | 2 | 2 | 928 | $100,000 | 2026-07-13 |
| 1470 NE 123rd St Unit A1107 | condos | 2 | 2 | 1,182 | $200,000 | 2026-07-07 |
| 1470 NE 125th Ter Apt 308 | condos | 1 | 2 | 900 | $160,000 | 2026-06-26 |
| 1475 NE 125th Ter Unit 301A | condos | 1 | 1 | 766 | $116,122 | 2026-06-18 |
| 11905 NE 2nd Ave Unit C308 | condos | 2 | 2 | 860 | $154,000 | 2026-06-16 |
| 1470 NE 123rd St Unit A813 | condos | 1 | 1 | 782 | $158,500 | 2026-06-12 |
| 1470 NE 125th Ter Apt 802 | condos | 1 | 1 | 875 | $90,000 | 2026-06-09 |
| 6316897921 | condos | 1 | 1 | 710 | $205,000 | 2026-06-03 |
| 14234 NE 3rd Ct Unit 11C | condos | 2 | 2 | 1,200 | $250,000 | 2026-05-18 |
| 13500 NE 3rd Ct Apt 419 | condos | 1 | 2 | 691 | $104,000 | 2026-04-22 |
| 1470 NE 125th Ter Apt 810 | condos | 1 | 1 | 875 | $95,000 | 2026-04-21 |
| 13500 NE 3rd Ct Apt 408 | condos | 1 | 2 | 691 | $70,000 | 2026-04-10 |
| 13500 NE 3rd Ct Apt 217 | condos | 1 | 2 | 691 | $120,000 | 2026-03-10 |
| 1470 NE 123rd St Unit A603 | condos | 1 | 1 | 782 | $156,000 | 2026-02-23 |
| 555 NE 123rd St Unit 218A | condos | 2 | 2 | 1,009 | $279,000 | 2026-02-10 |
| 1465 NE 123rd St Apt 501 | condos | 1 | 1 | 900 | $130,000 | 2026-02-06 |
| 13700 NE 6th Ave Apt 311 | condos | 3 | 2 | 1,146 | $190,000 | 2026-02-02 |
| 650 NE 149th St Apt 110A | condos | 2 | 2 | 860 | $130,000 | 2026-01-30 |
| 12035 NE 2nd Ave Unit A417 | condos | 1 | 1 | 816 | $150,000 | 2025-12-18 |
| 1251 NE 108th St Apt 810 | condos | 1 | 1 | 710 | $215,000 | 2025-12-17 |
| 13500 NE 3rd Ct Apt 423 | condos | 2 | 2 | 920 | $170,000 | 2025-12-15 |
| 1465 NE 123rd St Apt 814 | condos | 1 | 1 | 750 | $170,000 | 2025-11-26 |
| 11925 NE 2nd Ave Unit B309 | condos | 2 | 2 | 1,046 | $139,900 | 2025-11-10 |
| 11905 NE 2nd Ave Unit C315 | condos | 2 | 2 | 860 | $145,000 | 2025-10-23 |
| 1250 NE 125th St Unit 410C | condos | 1 | 2 | 820 | $155,000 | 2025-10-08 |
| 13655 NE 10th Ave Apt 108 | condos | 1 | 1 | 560 | $123,000 | 2025-09-29 |
| 365 NE 125th St Apt 302 | condos | 1 | 2 | 710 | $175,000 | 2025-09-15 |
| 770 NE 128th St Apt 303 | condos | 1 | 1 | 661 | $105,000 | 2025-09-15 |
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 |
|---|---|---|---|---|---|---|
| 12590 NE 16th Ave Apt 512 | condos | 0 | — | 510 | $80,000 | — |
| 12590 NE 16th Ave Apt 206 | condos | 0 | — | 725 | $100,000 | — |
| 12590 NE 16th Ave Apt 502 | condos | 0 | — | 882 | $95,000 | — |
| 1470 NE 125th Ter Apt 605 | condos | 0 | 1 | 576 | $135,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $164,800 | $5,574 | -$5,107 | $126,612 | $38,188 |
| 2 | $169,744 | $5,788 | -$4,913 | $125,129 | $44,615 |
| 3 | $174,836 | $6,009 | -$4,712 | $123,544 | $51,292 |
| 4 | $180,081 | $6,239 | -$4,504 | $121,850 | $58,231 |
| 5 | $185,484 | $6,476 | -$4,289 | $120,040 | $65,443 |
| 6 | $191,048 | $6,722 | -$4,065 | $118,106 | $72,942 |
| 7 | $196,780 | $6,976 | -$3,834 | $116,039 | $80,741 |
| 8 | $202,683 | $7,240 | -$3,594 | $113,830 | $88,853 |
| 9 | $208,764 | $7,512 | -$3,345 | $111,469 | $97,295 |
| 10 | $215,027 | $7,794 | -$3,088 | $108,946 | $106,081 |