| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $750,000 |
| Down payment (20.0%) | $150,000 |
| Loan amount | $600,000 |
| Closing costs (5.0%) | $37,500 |
| Total cash to close | $187,500 |
| Income | |
| Rent (comp-derived) | $3,200$38,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,944$35,328 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,188$14,250 |
| Insurance (placeholder 0.8% of price) | $500$6,000 |
| HOA dues | $1,410$16,920 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $160$1,920 |
| Total operating expenses | $3,258$39,090 |
| 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) | $160$1,920 |
| 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 | 2 | 1,270 | $3,000 | 2026-03-11 | — | |
| townhomes | 2 | 3 | 1,392 | $2,800 | 2026-04-05 | — | |
| townhomes | 2 | 2 | 1,271 | $3,400 | — | — | |
| townhomes | 2 | 2 | 1,316 | $3,200 | 2026-08-04 | — | |
| townhomes | 2 | 2 | 1,270 | $3,200 | 2026-08-25 | — | |
| townhomes | 2 | 2 | 1,316 | $3,600 | 2026-07-23 | — | |
| townhomes | 2 | 3 | — | $3,000 | 2026-08-12 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2991 NE 185th St Apt 1706 | townhomes | 4 | 3 | 1,481 | $535,000 | 2026-08-24 |
| 19220 NE 25th Ave Unit 271B | townhomes | 3 | 3 | 1,688 | $400,000 | 2026-07-16 |
| 20200 W Country Club Dr Apt 112 | townhomes | 3 | 3 | 1,330 | $350,000 | 2026-07-13 |
| 3525 Magellan Cir Apt 626 | townhomes | 3 | 3 | 1,707 | $720,000 | 2026-07-08 |
| 21204 Harbor Way Unit 122-12 | townhomes | 2 | 3 | 1,250 | $475,000 | 2026-07-01 |
| 20350 W Country Club Dr Apt 123 | townhomes | 3 | 3 | 1,330 | $312,500 | 2026-06-15 |
| 20350 W Country Club Dr Unit 120-4 | townhomes | 3 | 3 | 1,330 | $270,000 | 2026-06-10 |
| 21160 Mainsail Cir Apt H12 | townhomes | 3 | 3 | 1,520 | $625,000 | 2026-06-10 |
| 21399 Marina Cove Cir Apt 14 | townhomes | 4 | 4 | 2,700 | $750,000 | 2026-06-09 |
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 |
|---|---|---|---|---|---|---|
| 2535 NE 193rd St Unit 3203 | townhomes | 2 | 3 | 1,273 | $429,900 | — |
| 18800 NE 29th Ave Unit LP1022 | condos | 2 | 2 | 1,179 | $399,900 | — |
| 18550 NE 23rd Ct Unit 503 | condos | 2 | 2 | 953 | $849,950 | — |
| 2775 NE 187th St Apt 325 | condos | 2 | 2 | 1,066 | $390,000 | — |
| 3300 NE 191st St Unit LP10 | condos | 2 | 2 | 1,065 | $319,900 | — |
| 2555 NE 193rd St Unit 2206 | townhomes | 2 | 3 | 1,392 | $459,000 | — |
| 20505 E Country Club Dr Ph 38 | condos | 2 | 2 | 1,214 | $360,000 | — |
| 2535 NE 193rd St Unit 3212 | condos | 2 | 3 | 1,273 | $463,500 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $772,500 | -$3,762 | -$51,951 | $593,495 | $179,005 |
| 2 | $795,675 | -$3,679 | -$51,917 | $586,543 | $209,132 |
| 3 | $819,545 | -$3,589 | -$51,876 | $579,113 | $240,432 |
| 4 | $844,132 | -$3,492 | -$51,829 | $571,174 | $272,958 |
| 5 | $869,456 | -$3,386 | -$51,775 | $562,689 | $306,767 |
| 6 | $895,539 | -$3,272 | -$51,713 | $553,621 | $341,918 |
| 7 | $922,405 | -$3,149 | -$51,645 | $543,931 | $378,474 |
| 8 | $950,078 | -$3,017 | -$51,568 | $533,575 | $416,502 |
| 9 | $978,580 | -$2,875 | -$51,483 | $522,509 | $456,071 |
| 10 | $1,007,937 | -$2,723 | -$51,390 | $510,682 | $497,255 |