| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,350,000 |
| Down payment (20.0%) | $470,000 |
| Loan amount | $1,880,000 |
| Closing costs (5.0%) | $117,500 |
| Total cash to close | $587,500 |
| Income | |
| Rent (comp-derived) | $11,300$135,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $10,396$124,752 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,721$44,650 |
| Insurance (est. scaled by flood & wind risk) | $3,055$36,660 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $565$6,780 |
| Total operating expenses | $7,341$88,090 |
| 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) | $565$6,780 |
| 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 | 3 | 3 | 1,945 | $36,000 | — | — | |
| single_family | 3 | 2 | 1,439 | $4,200 | 2026-07-16 | — | |
| single_family | 3 | 3 | 1,844 | $11,000 | 2026-06-03 | — | |
| single_family | 3 | 4 | 1,832 | $11,600 | 2026-07-17 | — | |
| single_family | 3 | 2 | 1,551 | $12,500 | 2026-08-03 | — | |
| single_family | 3 | 3 | 1,874 | $8,750 | 2026-06-16 | — | |
| single_family | 3 | 3 | 1,446 | $10,000 | 2026-06-12 | — | |
| single_family | 3 | 3 | 1,945 | $36,000 | 2026-08-17 | — | |
| single_family | 3 | 2 | 2,220 | $24,965 | 2026-05-08 | — | |
| single_family | 3 | 2 | 1,650 | $4,850 | — | — |
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 |
|---|---|---|---|---|---|---|
| 337 W 28th St | single_family | 3 | 3 | 1,667 | $1,000,000 | 2026-08-14 |
| 5025 Cherokee Ave | single_family | 3 | 2 | 1,876 | $1,200,000 | 2026-07-08 |
| 4320 Royal Palm Ave | single_family | 3 | 4 | 2,305 | $1,750,000 | 2026-06-08 |
| 1220 W 21st St | single_family | 3 | 2 | 1,741 | $2,900,000 | 2026-05-21 |
| 4485 N Jefferson Ave | single_family | 3 | 3 | 3,727 | $2,825,000 | 2026-05-04 |
| 911 W 47th Ct | single_family | 3 | 3 | 2,736 | $1,900,000 | 2026-04-30 |
| 5220 Lagorce Dr | single_family | 3 | 2 | 2,334 | $2,700,000 | 2026-04-27 |
| 4700 N Meridian Ave | single_family | 3 | 4 | 4,185 | $5,250,000 | 2026-04-24 |
| 3325 Alton Rd | single_family | 3 | 2 | 1,682 | $1,350,000 | 2026-04-24 |
| 6165 Pine Tree Dr | single_family | 3 | 4 | 3,421 | $6,900,000 | 2026-04-17 |
| 5251 Lagorce Dr | single_family | 3 | 4 | 2,123 | $2,520,000 | 2026-04-16 |
| 2815 Regatta Ave | single_family | 3 | 3 | 2,403 | $6,500,000 | 2026-04-07 |
| 4484 Royal Palm Ave | single_family | 3 | 3 | 1,877 | $2,300,000 | 2026-04-03 |
| 5127 Alton Rd | single_family | 3 | 2 | 1,979 | $1,250,000 | 2026-03-24 |
| 4601 Royal Palm Ave | single_family | 3 | 2 | 1,966 | $1,700,000 | 2026-03-17 |
| 4440 N Jefferson Ave | single_family | 3 | 4 | 2,769 | $2,300,000 | 2026-03-13 |
| 2815 Prairie Ave | single_family | 3 | 2 | 2,189 | $900,000 | 2026-03-02 |
| 3415 Royal Palm Ave | single_family | 3 | 3 | 1,618 | $1,630,000 | 2026-01-26 |
| 1833 W 24th St | single_family | 3 | 5 | 6,688 | $14,304,300 | 2026-01-22 |
| 5120 Cherokee Ave | single_family | 3 | 2 | 2,008 | $1,790,000 | 2026-01-05 |
| 6166 Pine Tree Dr | single_family | 3 | 3 | 2,114 | $2,400,000 | 2026-01-02 |
| 3220 Chase Ave | single_family | 3 | 4 | 3,135 | $6,000,000 | 2025-12-29 |
| 5371 N Bay Rd | single_family | 3 | 3 | 2,180 | $2,510,000 | 2025-12-26 |
| 4245 Sheridan Ave | single_family | 3 | 3 | 2,506 | $2,562,000 | 2025-12-16 |
| 4520 Alton Rd | single_family | 3 | 2 | 1,764 | $1,500,000 | 2025-12-01 |
| 3435 Royal Palm Ave | single_family | 3 | 2 | 1,622 | $2,154,200 | 2025-11-25 |
| 2443 N Meridian Ave | single_family | 3 | 3 | 2,363 | $3,400,000 | 2025-11-21 |
| 4640 N Bay Rd | single_family | 3 | 3 | 1,980 | $10,400,000 | 2025-11-18 |
| 4322 Alton Rd | single_family | 3 | 2 | 1,932 | $1,260,000 | 2025-11-17 |
| 2354 Alton Rd | single_family | 3 | 3 | 1,482 | $1,650,000 | 2025-10-06 |
| 4515 N Bay Rd | single_family | 3 | 3 | 3,357 | $2,600,000 | 2025-09-05 |
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 |
|---|---|---|---|---|---|---|
| 5900 Collins Ave Apt 408 | condos | 3 | 2 | 1,390 | $818,000 | — |
| 3325 Pine Tree Dr | single_family | 3 | 4 | 3,350 | $5,950,000 | — |
| 5005 Collins Ave Apt 1210 | condos | 3 | 2 | 1,385 | $675,000 | — |
| 5660 Collins Ave Apt 4B | condos | 3 | 3 | 2,210 | $985,000 | — |
| condos | 3 | 3 | 1,880 | $714,400 | — | |
| 5500 Collins Ave Apt 304 | condos | 3 | 4 | 2,868 | $1,050,000 | — |
| 5025 Collins Ave Apt 903 | condos | 3 | 3 | 1,660 | $1,499,000 | — |
| 736 W 51st St | single_family | 3 | 3 | 2,017 | $2,200,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,420,500 | $36,662 | -$115,095 | $1,859,617 | $560,883 |
| 2 | $2,493,115 | $38,202 | -$113,724 | $1,837,833 | $655,282 |
| 3 | $2,567,908 | $39,800 | -$112,300 | $1,814,554 | $753,354 |
| 4 | $2,644,946 | $41,457 | -$110,821 | $1,789,677 | $855,269 |
| 5 | $2,724,294 | $43,175 | -$109,286 | $1,763,091 | $961,203 |
| 6 | $2,806,023 | $44,956 | -$107,692 | $1,734,679 | $1,071,344 |
| 7 | $2,890,204 | $46,803 | -$106,036 | $1,704,316 | $1,185,887 |
| 8 | $2,976,910 | $48,718 | -$104,318 | $1,671,868 | $1,305,041 |
| 9 | $3,066,217 | $50,703 | -$102,534 | $1,637,192 | $1,429,025 |
| 10 | $3,158,203 | $52,761 | -$100,683 | $1,600,135 | $1,558,068 |