| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $600,000 |
| Down payment (20.0%) | $120,000 |
| Loan amount | $480,000 |
| Closing costs (5.0%) | $30,000 |
| Total cash to close | $150,000 |
| Income | |
| Rent (estimate) | $6,657$79,878 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,124$73,488 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $950$11,400 |
| Insurance (placeholder 0.8% of price) | $400$4,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $333$3,994 |
| Total operating expenses | $1,683$20,194 |
| 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) | $333$3,994 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 1247 NW 28th St | multi_family | 6 | 4 | 2,316 | $591,000 | 2026-07-31 |
| 2512 NW 13th Ave | multi_family | 6 | 2 | 1,764 | $580,000 | 2026-04-21 |
| 2180 NW 59th St | multi_family | 6 | 2 | 1,988 | $555,000 | 2026-01-26 |
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 |
|---|---|---|---|---|---|---|
| 5859 NW 13th Ave | multi_family | 6 | 4 | 2,300 | $750,000 | — |
| 1243 NW 29th Ter | multi_family | 6 | 3 | 1,792 | $775,000 | — |
| 1864 NW 28th St | multi_family | 6 | 4 | 3,200 | $1,375,000 | — |
| 4491 NW 23rd Ave | multi_family | 6 | 4 | 2,184 | $755,000 | — |
| 2323 NW 55th Ter | multi_family | 6 | 6 | 2,400 | $795,000 | — |
| 1895 NW 47th Ter | multi_family | 6 | 4 | 2,300 | $795,000 | — |
| 3376 NW 49th St | multi_family | 6 | 3 | 1,926 | $650,000 | — |
| 1810 NW 46th St | multi_family | 6 | 6 | 4,664 | $1,550,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $618,000 | $53,294 | $12,285 | $474,796 | $143,204 |
| 2 | $636,540 | $54,994 | $13,885 | $469,234 | $167,306 |
| 3 | $655,636 | $56,747 | $15,536 | $463,290 | $192,346 |
| 4 | $675,305 | $58,556 | $17,239 | $456,939 | $218,367 |
| 5 | $695,564 | $60,421 | $18,997 | $450,151 | $245,414 |
| 6 | $716,431 | $62,345 | $20,811 | $442,897 | $273,535 |
| 7 | $737,924 | $64,330 | $22,683 | $435,145 | $302,780 |
| 8 | $760,062 | $66,377 | $24,614 | $426,860 | $333,202 |
| 9 | $782,864 | $68,488 | $26,607 | $418,007 | $364,857 |
| 10 | $806,350 | $70,666 | $28,663 | $408,545 | $397,805 |