| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,140,000 |
| Down payment (20.0%) | $428,000 |
| Loan amount | $1,712,000 |
| Closing costs (5.0%) | $107,000 |
| Total cash to close | $535,000 |
| Income | |
| Rent (comp-derived) | $9,250$111,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,510$102,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,388$40,660 |
| Insurance (placeholder 0.8% of price) | $1,427$17,120 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $463$5,550 |
| Total operating expenses | $5,278$63,330 |
| 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) | $463$5,550 |
| 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 | 5 | 2,594 | $7,000 | 2026-08-07 | — | |
| single_family | 4 | 3 | 2,799 | $8,000 | 2026-03-18 | — | |
| single_family | 4 | 4 | 2,436 | $16,000 | 2026-02-16 | — | |
| single_family | 4 | 5 | 2,500 | $10,500 | 2026-03-18 | — |
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 |
|---|---|---|---|---|---|---|
| 2225 SW 18th Ave | single_family | 4 | 5 | 3,733 | $2,350,000 | 2026-08-24 |
| 1366 SW 15th St | single_family | 4 | 4 | 2,947 | $2,350,000 | 2026-08-13 |
| 2220 SW 16th Ter | single_family | 4 | 3 | 1,968 | $600,000 | 2026-07-30 |
| 2200 SW 23rd Ter | single_family | 4 | 2 | 1,554 | $750,000 | 2026-07-24 |
| 1910 SW 33rd Ave | single_family | 4 | 3 | 2,368 | $2,100,000 | 2026-07-20 |
| 2367 SW 23rd Ter | single_family | 4 | 2 | 1,588 | $750,000 | 2026-07-10 |
| 1441 SW 17th St | single_family | 4 | 2 | 1,398 | $800,000 | 2026-06-15 |
| 1780 SW 23rd St | single_family | 4 | 4 | 1,590 | $750,000 | 2026-06-12 |
| 1971 SW 33rd Ave | single_family | 4 | 3 | 2,331 | $1,550,000 | 2026-06-03 |
| 1710 SW 13th St | single_family | 4 | 3 | 1,334 | $650,000 | 2026-06-02 |
| 1738 SW 17th St | single_family | 4 | 2 | 1,938 | $700,000 | 2026-05-22 |
| 2990 SW 20th St | single_family | 4 | 5 | 2,828 | $2,270,000 | 2026-05-04 |
| 3641 SW 13th Ter | single_family | 4 | 1 | 1,350 | $783,000 | 2026-04-20 |
| 3121 SW 20th St | single_family | 4 | 3 | 2,191 | $1,025,000 | 2026-03-24 |
| 1970 SW 32nd Pl | single_family | 4 | 3 | 2,056 | $1,495,000 | 2026-03-23 |
| 1352 SW 16th St | single_family | 4 | 4 | 2,774 | $975,000 | 2026-03-12 |
| 2291 SW 17th St | single_family | 4 | 3 | 2,142 | $1,200,000 | 2026-03-05 |
| 1931 Coral Gate Dr | single_family | 4 | 3 | 2,061 | $725,000 | 2026-02-23 |
| 1338 SW 14th St | single_family | 4 | 3 | 2,043 | $883,000 | 2026-02-19 |
| 2498 SW 19th Ter | single_family | 4 | 2 | 2,098 | $1,125,000 | 2026-02-17 |
| 3050 SW 21st St | single_family | 4 | 2 | 1,423 | $1,100,000 | 2026-02-12 |
| 1941 SW 18th St | single_family | 4 | 2 | 1,766 | $845,000 | 2026-01-28 |
| 3600 SW 1st Ave | single_family | 4 | 2 | 1,317 | $875,000 | 2026-01-23 |
| 1906 SW 17th Ct | single_family | 4 | 2 | 1,541 | $620,000 | 2026-01-05 |
| 2747 SW 19th Ter | single_family | 4 | 3 | 1,397 | $889,500 | 2025-12-23 |
| 1244 SW 14th St | single_family | 4 | 3 | 2,020 | $1,450,000 | 2025-12-10 |
| 3201 SW 19th Ter | single_family | 4 | 3 | 2,511 | $1,350,000 | 2025-12-03 |
| 2735 SW 19th St | single_family | 4 | 3 | 1,924 | $1,120,000 | 2025-12-01 |
| 3075 SW 19th St | single_family | 4 | 3 | 2,086 | $1,025,000 | 2025-11-10 |
| 1530 SW 24th Ave | single_family | 4 | 2 | 1,867 | $805,000 | 2025-11-10 |
| 1375 SW 17th Ter | single_family | 4 | 5 | 3,395 | $2,280,000 | 2025-10-22 |
| 1884 SW 16th St | single_family | 4 | 3 | 1,839 | $980,000 | 2025-10-14 |
| 2727 SW 20th St | single_family | 4 | 2 | 1,756 | $922,000 | 2025-09-26 |
| 3291 SW 16th Ln | single_family | 4 | 3 | 2,909 | $1,775,000 | 2025-09-26 |
| 2280 SW 16th Ct | single_family | 4 | 3 | 1,664 | $960,000 | 2025-09-23 |
| 2450 SW 23rd Ave | single_family | 4 | 3 | 2,836 | $1,900,000 | 2025-09-19 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1501 SW 21st St | townhomes | 4 | 4 | 2,571 | $1,829,000 | — |
| 2745 SW 23rd Ter | townhomes | 4 | 5 | 2,909 | $1,645,000 | — |
| 1835 SW 18th St | single_family | 4 | 3 | 2,191 | $960,000 | — |
| 2364 SW 14th St | multi_family | 4 | 2 | 1,366 | $729,000 | — |
| 3575 SW 23rd St Unit 3575 | townhomes | 4 | 4 | 2,654 | $1,770,000 | — |
| 2222 SW 14th St Unit Right | townhomes | 4 | 4 | 2,736 | $1,779,000 | — |
| 2290 SW 13th St | condo_townhome_rowhome_coop | 4 | 5 | 3,544 | $2,750,000 | — |
| 2220 SW 14th St | townhomes | 4 | 4 | 2,969 | $1,749,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,204,200 | $38,790 | -$98,781 | $1,693,438 | $510,762 |
| 2 | $2,270,326 | $40,270 | -$97,440 | $1,673,602 | $596,724 |
| 3 | $2,338,436 | $41,803 | -$96,049 | $1,652,403 | $686,033 |
| 4 | $2,408,589 | $43,390 | -$94,608 | $1,629,748 | $778,840 |
| 5 | $2,480,847 | $45,032 | -$93,115 | $1,605,538 | $875,308 |
| 6 | $2,555,272 | $46,733 | -$91,568 | $1,579,666 | $975,606 |
| 7 | $2,631,930 | $48,493 | -$89,964 | $1,552,016 | $1,079,914 |
| 8 | $2,710,888 | $50,315 | -$88,303 | $1,522,468 | $1,188,420 |
| 9 | $2,792,215 | $52,201 | -$86,582 | $1,490,891 | $1,301,324 |
| 10 | $2,875,981 | $54,153 | -$84,799 | $1,457,145 | $1,418,836 |