| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $799,000 |
| Down payment (20.0%) | $159,800 |
| Loan amount | $639,200 |
| Closing costs (5.0%) | $39,950 |
| Total cash to close | $199,750 |
| Income | |
| Rent (comp-derived) | $3,900$46,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,588$43,056 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,265$15,181 |
| Insurance (est. scaled by flood & wind risk) | $799$9,588 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $195$2,340 |
| Total operating expenses | $2,259$27,109 |
| 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) | $195$2,340 |
| 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 | 2 | 2 | 1,105 | $3,900 | 2026-08-12 | — | |
| single_family | 2 | 2 | 1,122 | $7,450 | 2026-08-05 | — | |
| single_family | 2 | 3 | 1,000 | $3,600 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1630 S Bayshore Dr | single_family | 2 | 2 | 1,248 | $2,350,000 | 2026-08-25 |
| 2490 Abaco Ave | single_family | 2 | 1 | 1,059 | $2,000,000 | 2026-08-19 |
| 3522 William Ave | single_family | 2 | 3 | — | $1,650,000 | 2026-08-14 |
| 140 Morningside Dr | single_family | 2 | 2 | 1,548 | $1,650,000 | 2026-07-27 |
| 3544 William Ave | single_family | 2 | 1 | 753 | $1,125,000 | 2026-07-24 |
| 1745 S Bayshore Ln | single_family | 2 | 2 | 1,595 | $2,000,000 | 2026-07-17 |
| 3554 SW 26th St | single_family | 2 | 1 | 1,215 | $700,000 | 2026-07-17 |
| 2260 SW 25th St | single_family | 2 | 1 | 2,017 | $855,000 | 2026-07-14 |
| 2345 Overbrook St | single_family | 2 | 1 | 1,200 | $1,550,000 | 2026-07-02 |
| 2665 SW 17th Ave | single_family | 2 | 2 | 1,405 | $1,385,000 | 2026-06-30 |
| 2135 SW 26th St | single_family | 2 | 1 | 956 | $771,370 | 2026-06-30 |
| 2701 SW 30th Ave | single_family | 2 | 1 | 1,125 | $726,800 | 2026-06-18 |
| 3660 Poinciana Ave | single_family | 2 | 1 | 775 | $1,275,000 | 2026-06-12 |
| 3301 Frow Ave | single_family | 2 | 1 | 921 | $1,375,000 | 2026-06-09 |
| 2511 Tequesta Ln | single_family | 2 | 2 | 1,092 | $1,100,000 | 2026-06-05 |
| 3951 Park Dr | single_family | 2 | 1 | 1,598 | $1,766,000 | 2026-06-03 |
| 4134 Ventura Ave | single_family | 2 | 1 | 1,244 | $1,505,000 | 2026-05-18 |
| 3820 Plaza St | single_family | 2 | 2 | 1,600 | $1,650,000 | 2026-05-15 |
| 117 Florida Ave | single_family | 2 | 2 | 1,005 | $885,000 | 2026-03-27 |
| 3972 Loquat Ave | single_family | 2 | 1 | 900 | $2,572,400 | 2026-03-16 |
| 3748 Washington Ave | single_family | 2 | 1 | 862 | $363,000 | 2026-03-06 |
| 2550 Tequesta Ln | single_family | 2 | 1 | 1,236 | $1,000,000 | 2026-02-27 |
| 2997 Day Ave | single_family | 2 | 3 | 2,090 | $1,575,000 | 2026-02-23 |
| 2731 SW 29th Ave | single_family | 2 | 2 | 1,069 | $795,000 | 2026-02-20 |
| 4150 Ventura Ave | single_family | 2 | 1 | 1,672 | $1,950,000 | 2026-02-12 |
| 3320 Percival Ave | single_family | 2 | 1 | 1,162 | $1,025,000 | 2026-02-04 |
| 3821 Braganza Ave | single_family | 2 | 2 | 1,873 | $3,000,000 | 2026-01-15 |
| 2820 SW 33rd Ct | single_family | 2 | 1 | 1,300 | $700,000 | 2025-12-19 |
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 |
|---|---|---|---|---|---|---|
| 2984 Mary St | townhomes | 2 | 2 | 1,092 | $899,000 | — |
| 2989 Bird Ave Unit 1 | townhomes | 2 | 2 | 1,040 | $650,000 | — |
| 2843 S Bayshore Dr Apt 6B | condos | 2 | 2 | 1,375 | $1,475,000 | — |
| 2678 Tigertail Ave Apt 1508 | condos | 2 | 3 | 1,207 | $1,960,000 | — |
| 3145 Jackson Ave | townhomes | 2 | 3 | 1,746 | $1,450,000 | — |
| 2690 SW 22nd Ave Apt 301 | condos | 2 | 1 | 906 | $310,000 | — |
| 2924 Day Ave Apt N314 | condos | 2 | 2 | 879 | $639,000 | — |
| 2650 SW 37th Ave Apt 501 | condos | 2 | 2 | 1,219 | $480,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $822,970 | $15,947 | -$35,685 | $632,270 | $190,700 |
| 2 | $847,659 | $16,561 | -$35,130 | $624,863 | $222,796 |
| 3 | $873,089 | $17,197 | -$34,554 | $616,949 | $256,140 |
| 4 | $899,282 | $17,855 | -$33,957 | $608,490 | $290,791 |
| 5 | $926,260 | $18,537 | -$33,338 | $599,451 | $326,809 |
| 6 | $954,048 | $19,242 | -$32,697 | $589,791 | $364,257 |
| 7 | $982,669 | $19,973 | -$32,033 | $579,468 | $403,201 |
| 8 | $1,012,149 | $20,729 | -$31,344 | $568,436 | $443,714 |
| 9 | $1,042,514 | $21,512 | -$30,631 | $556,646 | $485,868 |
| 10 | $1,073,789 | $22,323 | -$29,892 | $544,046 | $529,743 |