| 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) | $2,600$31,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,392$28,704 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $586$7,030 |
| Insurance (placeholder 0.8% of price) | $247$2,960 |
| HOA dues | $259$3,108 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $130$1,560 |
| Total operating expenses | $1,222$14,658 |
| 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) | $130$1,560 |
| 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 | 2 | 3 | 979 | $2,899 | 2026-08-14 | — | |
| townhomes | 2 | 2 | 914 | $2,600 | 2026-08-14 | — | |
| townhomes | 2 | 2 | 845 | $2,650 | 2026-08-07 | — | |
| townhomes | 2 | 3 | 979 | $2,550 | 2026-08-07 | — | |
| townhomes | 2 | 2 | 914 | $2,400 | 2026-07-16 | — | |
| townhomes | 2 | 3 | 1,250 | $2,850 | 2026-07-10 | — | |
| townhomes | 2 | 3 | 1,020 | $2,600 | 2026-07-04 | — | |
| townhomes | 2 | 3 | 954 | $2,650 | 2026-06-30 | — | |
| townhomes | 2 | 3 | 1,000 | $2,600 | 2026-06-25 | — | |
| townhomes | 2 | 2 | 859 | $2,350 | 2026-06-03 | — | |
| townhomes | 2 | 2 | 914 | $2,700 | 2026-05-18 | — | |
| townhomes | 2 | 2 | 914 | $2,300 | 2026-05-10 | — | |
| townhomes | 2 | 3 | 965 | $2,500 | 2026-08-29 | — | |
| townhomes | 2 | 3 | 970 | $2,500 | 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 |
|---|---|---|---|---|---|---|
| 8300 NW 10th St | townhomes | 2 | 3 | 1,250 | $325,000 | 2026-06-29 |
| 8389 NW 8th St | townhomes | 2 | 3 | 952 | $375,000 | 2026-06-16 |
| 8670 NW 6th Ln Unit 4-109 | townhomes | 2 | 2 | 845 | $320,000 | 2026-06-05 |
| 8550 NW 3rd Ln Unit 304 | townhomes | 2 | 3 | 979 | $332,000 | 2026-03-31 |
| 8262 NW 5th Ln Apt 392 | townhomes | 2 | 2 | 914 | $320,000 | 2026-02-27 |
| 8430 NW 8th St Apt A11 | townhomes | 2 | 3 | 970 | $280,000 | 2026-01-28 |
| 8360 NW 8th St Unit 11-2 | townhomes | 2 | 3 | 1,150 | $270,000 | 2025-12-22 |
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 |
|---|---|---|---|---|---|---|
| 650 NW 86th Pl Unit 3-101 | condos | 2 | 2 | 845 | $315,000 | — |
| 5033 NW 7th St Apt 209 | condos | 2 | 2 | 876 | $230,000 | — |
| 8411 NW 8th St Apt 105 | condos | 2 | 2 | 1,099 | $295,000 | — |
| 8145 NW 7th St Apt 404 | condos | 2 | 2 | 870 | $274,999 | — |
| 4855 NW 7th St Unit 410-6 | condos | 2 | 2 | 782 | $229,000 | — |
| 5091 NW 7th St Apt 615 | condos | 2 | 2 | 984 | $370,000 | — |
| 8575 NW 5th Ter Unit 1509 | townhomes | 2 | 3 | 979 | $475,000 | — |
| 8411 NW 8th St Apt 102 | condos | 2 | 2 | 1,099 | $284,999 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $381,100 | $14,046 | -$10,340 | $292,791 | $88,309 |
| 2 | $392,533 | $14,541 | -$9,884 | $289,361 | $103,172 |
| 3 | $404,309 | $15,052 | -$9,413 | $285,696 | $118,613 |
| 4 | $416,438 | $15,581 | -$8,926 | $281,779 | $134,660 |
| 5 | $428,931 | $16,127 | -$8,421 | $277,593 | $151,339 |
| 6 | $441,799 | $16,692 | -$7,900 | $273,119 | $168,680 |
| 7 | $455,053 | $17,275 | -$7,360 | $268,339 | $186,715 |
| 8 | $468,705 | $17,879 | -$6,802 | $263,230 | $205,475 |
| 9 | $482,766 | $18,502 | -$6,225 | $257,770 | $224,996 |
| 10 | $497,249 | $19,146 | -$5,628 | $251,936 | $245,314 |