| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $370,000 |
| Down payment (20.0%) | $74,000 |
| Loan amount | $296,000 |
| Closing costs (5.0%) | $18,500 |
| Total cash to close | $92,500 |
| Income | |
| Rent (comp-derived) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $586$7,030 |
| Insurance (placeholder 0.8% of price) | $247$2,960 |
| HOA dues | $521$6,252 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $1,479$17,742 |
| 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) | $125$1,500 |
| 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 | 3 | 2 | 1,700 | $2,850 | 2026-08-18 | — | |
| condos | 3 | 2 | 1,150 | $2,500 | 2026-08-18 | — | |
| condos | 3 | 2 | 1,258 | $2,450 | 2026-08-15 | — | |
| apartment | 3 | 2 | 1,277 | $2,375 | 2026-08-06 | — | |
| condos | 3 | 2 | 1,120 | $2,450 | 2026-07-27 | — | |
| condos | 3 | 2 | 1,150 | $2,599 | 2026-07-22 | — | |
| condos | 3 | 2 | 1,346 | $2,450 | 2026-07-08 | — | |
| condos | 3 | 3 | 1,260 | $2,800 | 2026-07-07 | — | |
| condos | 3 | 3 | 1,630 | $2,450 | 2026-07-02 | — | |
| condos | 3 | 2 | 1,119 | $2,400 | 2026-06-25 | — | |
| condos | 3 | 2 | 1,150 | $2,699 | 2026-06-24 | — | |
| condos | 3 | 2 | 1,260 | $2,500 | 2026-06-21 | — | |
| condos | 3 | 2 | 1,240 | $2,500 | 2026-05-20 | — | |
| condos | 3 | 3 | 1,325 | $2,500 | 2026-08-04 | — | |
| apartment | 3 | 2 | 1,660 | $2,900 | 2026-08-03 | — | |
| condos | 3 | 2 | 1,277 | $2,500 | 2026-04-08 | — | |
| apartment | 3 | 2 | 1,277 | $2,500 | 2026-03-10 | — | |
| apartment | 3 | 2 | 1,260 | $2,500 | — | — | |
| apartment | 3 | 2 | 1,436 | $3,352 | — | — | |
| apartment | 3 | 2 | 1,436 | $3,372 | — | — | |
| apartment | 3 | 2 | 1,436 | $3,262 | — | — | |
| condos | 3 | 2 | 1,170 | $2,600 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 15620 SW 80th St Unit H101 | condos | 3 | 2 | 1,165 | $270,000 | 2026-07-13 |
| 14815 SW 81st St Unit B | condos | 3 | 2 | 1,075 | $500,000 | 2026-07-09 |
| 14903 SW 80th St Apt 201 | condos | 3 | 2 | 1,220 | $345,000 | 2026-07-02 |
| 15441 SW 81 Circle Ln Unit 41 | condos | 3 | 2 | — | $257,500 | 2026-06-05 |
| 14971 SW 82nd Ln Unit 20-508 | condos | 3 | 2 | 1,260 | $290,000 | 2026-06-02 |
| 7611 SW 153rd Ct Apt 105 | condos | 3 | 2 | 1,120 | $360,000 | 2026-05-13 |
| 14911 SW 80th St Apt 221 | condos | 3 | 2 | 1,220 | $340,000 | 2026-03-24 |
| 14903 SW 80th St Apt 101 | condos | 3 | 2 | 1,220 | $345,000 | 2026-02-27 |
| 6841 SW 147th Ave Apt 3H | condos | 3 | 2 | 1,700 | $350,000 | 2025-12-17 |
| 8255 SW 152nd Ave Unit E412 | condos | 3 | 2 | 1,293 | $260,000 | 2025-12-16 |
| 8595 SW 152nd Ave Apt 251 | condos | 3 | 3 | 1,320 | $430,000 | 2025-10-31 |
| 15660 SW 82nd Cir Ln Unit 6-6 | condos | 3 | 3 | 1,964 | $300,000 | 2025-10-06 |
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 |
|---|---|---|---|---|---|---|
| 6651 SW 148th Ct | single_family | 3 | 2 | 1,892 | $855,000 | — |
| 7054 SW 152nd Ct | townhomes | 3 | 2 | 1,116 | $490,000 | — |
| 15840 SW 85th St | single_family | 3 | 2 | 1,631 | $650,000 | — |
| 14755 SW 74th Ln | townhomes | 3 | 3 | 2,187 | $533,000 | — |
| 14963 SW 74th Ter | single_family | 3 | 2 | 1,322 | $529,000 | — |
| 16628 SW 79th Ter | townhomes | 3 | 3 | 1,776 | $525,000 | — |
| 15171 SW 70th St | single_family | 3 | 2 | 2,074 | $850,000 | — |
| 16232 SW 57th Ln | condos | 3 | 3 | 2,027 | $564,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $381,100 | $9,858 | -$14,468 | $292,791 | $88,309 |
| 2 | $392,533 | $10,242 | -$14,121 | $289,361 | $103,172 |
| 3 | $404,309 | $10,641 | -$13,761 | $285,696 | $118,613 |
| 4 | $416,438 | $11,053 | -$13,388 | $281,779 | $134,660 |
| 5 | $428,931 | $11,480 | -$13,002 | $277,593 | $151,339 |
| 6 | $441,799 | $11,923 | -$12,601 | $273,119 | $168,680 |
| 7 | $455,053 | $12,381 | -$12,185 | $268,339 | $186,715 |
| 8 | $468,705 | $12,855 | -$11,754 | $263,230 | $205,475 |
| 9 | $482,766 | $13,346 | -$11,308 | $257,770 | $224,996 |
| 10 | $497,249 | $13,854 | -$10,845 | $251,936 | $245,314 |