| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $375,000 |
| Down payment (20.0%) | $75,000 |
| Loan amount | $300,000 |
| Closing costs (5.0%) | $18,750 |
| Total cash to close | $93,750 |
| 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) | $594$7,125 |
| Insurance (est. scaled by flood & wind risk) | $375$4,500 |
| HOA dues | $285$3,420 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $1,379$16,545 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,340 | $2,400 | 2026-07-09 | — | |
| townhomes | 3 | 2 | 1,150 | $2,500 | 2026-08-12 | — | |
| townhomes | 3 | 2 | 1,121 | $3,200 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 5256 W 24th Ave Unit 5-3 | townhomes | 3 | 2 | 1,150 | $272,500 | 2026-06-16 |
| 2425 W 76th St Apt 109 | townhomes | 3 | 2 | 1,270 | $375,000 | 2026-06-16 |
| 14231 NW 83rd Ave | townhomes | 3 | 2 | 1,131 | $513,500 | 2026-06-12 |
| 15074 Rednock Ln | townhomes | 3 | 2 | 1,569 | $500,000 | 2026-06-11 |
| 8338 NW 145th St | townhomes | 3 | 3 | 2,015 | $535,000 | 2026-06-05 |
| 8511 Ardoch Rd | townhomes | 3 | 2 | 1,483 | $520,000 | 2026-05-12 |
| 6080 W 26th Ct Unit 101-9 | townhomes | 3 | 3 | 1,828 | $382,500 | 2026-04-27 |
| 6410 W 27th Ln Unit 101-19 | townhomes | 3 | 3 | 1,478 | $350,000 | 2026-04-24 |
| 8531 NW 139th Ter Apt 1409 | townhomes | 3 | 3 | 1,450 | $480,000 | 2026-04-23 |
| 14621 Balgowan Rd Unit 102-3 | townhomes | 3 | 2 | 1,525 | $475,000 | 2026-04-13 |
| 8544 NW 140th Ter Apt 1003 | townhomes | 3 | 3 | 1,351 | $485,000 | 2026-04-02 |
| 8423 NW 138th Ter Apt 2804 | townhomes | 3 | 3 | 1,459 | $440,000 | 2026-04-01 |
| 7211 W 24th Ave Apt 2304 | townhomes | 3 | 2 | 1,440 | $362,500 | 2026-03-30 |
| 14251 NW 83rd Ave | townhomes | 3 | 3 | 2,015 | $550,000 | 2026-03-19 |
| 5816 W 21st Ct | townhomes | 3 | 2 | 1,121 | $250,000 | 2026-02-20 |
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 |
|---|---|---|---|---|---|---|
| 16203 NW 82nd Pl | single_family | 3 | 3 | 2,563 | $1,399,000 | — |
| 2523 W 65th St | single_family | 3 | 2 | 1,114 | $530,000 | — |
| 8188 NW 98th Ln Unit 122 | townhomes | 3 | 2 | — | $324,000 | — |
| condos | 3 | 2 | 980 | $314,999 | — | |
| 5941 W 20th Ln | single_family | 3 | 2 | 1,274 | $499,900 | — |
| 14715 Balgowan Rd Unit 104-9 | condos | 3 | 2 | 1,525 | $449,500 | — |
| 6983 W 24th Ln | single_family | 3 | 2 | 1,414 | $530,000 | — |
| 2745 W 62nd Pl Apt 202 | condos | 3 | 2 | 972 | $260,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $386,250 | $11,055 | -$13,580 | $296,747 | $89,503 |
| 2 | $397,838 | $11,469 | -$13,203 | $293,271 | $104,566 |
| 3 | $409,773 | $11,898 | -$12,812 | $289,557 | $120,216 |
| 4 | $422,066 | $12,342 | -$12,408 | $285,587 | $136,479 |
| 5 | $434,728 | $12,801 | -$11,989 | $281,344 | $153,383 |
| 6 | $447,770 | $13,277 | -$11,555 | $276,811 | $170,959 |
| 7 | $461,203 | $13,769 | -$11,105 | $271,966 | $189,237 |
| 8 | $475,039 | $14,278 | -$10,640 | $266,788 | $208,251 |
| 9 | $489,290 | $14,804 | -$10,158 | $261,254 | $228,036 |
| 10 | $503,969 | $15,349 | -$9,659 | $255,341 | $248,628 |