| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,999,000 |
| Down payment (20.0%) | $599,800 |
| Loan amount | $2,399,200 |
| Closing costs (5.0%) | $149,950 |
| Total cash to close | $749,750 |
| Income | |
| Rent (comp-derived) | $9,500$114,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,740$104,880 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,748$56,981 |
| Insurance (placeholder 0.8% of price) | $1,999$23,992 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $475$5,700 |
| Total operating expenses | $7,223$86,673 |
| 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) | $475$5,700 |
| 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 | 3 | 2 | 1,512 | $5,500 | 2026-08-02 | — | |
| single_family | 3 | 2 | 1,534 | $7,000 | 2026-06-12 | — | |
| single_family | 3 | 3 | 2,027 | $17,000 | 2026-07-31 | — | |
| single_family | 3 | 3 | 2,022 | $18,950 | 2026-07-16 | — | |
| single_family | 3 | 2 | 1,219 | $9,500 | 2026-06-08 | — | |
| single_family | 3 | 3 | 1,798 | $9,990 | — | — | |
| single_family | 3 | 2 | 1,962 | $7,600 | — | — | |
| single_family | 3 | 4 | 2,229 | $16,000 | — | — | |
| single_family | 3 | 2 | 1,225 | $8,500 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 830 E Dilido Dr | single_family | 3 | 2 | 2,005 | $2,286,415 | 2026-08-21 |
| 1729 Lenox Ave | single_family | 3 | 2 | 2,170 | $2,650,000 | 2026-08-19 |
| 244 W San Marino Dr | single_family | 3 | 3 | 2,732 | $11,926,300 | 2026-06-16 |
| 1443 Lenox Ave | single_family | 3 | 2 | 1,592 | $2,385,000 | 2026-06-12 |
| 302 W San Marino Dr | single_family | 3 | 3 | 3,178 | $11,300,000 | 2026-05-26 |
| 1030 N Venetian Dr | single_family | 3 | 5 | 2,807 | $3,100,000 | 2026-05-05 |
| 1315 Lenox Ave | single_family | 3 | 2 | 2,378 | $3,550,000 | 2026-04-29 |
| 440 E Rivo Alto Dr | single_family | 3 | 2 | 3,522 | $6,500,000 | 2026-04-27 |
| 1011 N Venetian Dr | single_family | 3 | 3 | 3,671 | $10,800,000 | 2026-04-14 |
| 114 1st Rivo Alto Ter | single_family | 3 | 3 | 2,003 | $3,264,044 | 2026-02-13 |
| 1315 N Venetian Way | single_family | 3 | 2 | 3,616 | $8,100,000 | 2026-01-12 |
| 114 2nd Dilido Ter | single_family | 3 | 4 | 2,120 | $2,350,000 | 2026-01-09 |
| 1339 14th Ter | single_family | 3 | 2 | 1,484 | $1,675,000 | 2025-11-05 |
| 1111 N Venetian Dr | single_family | 3 | 5 | 3,868 | $10,750,000 | 2025-10-31 |
| 1234 13th St | single_family | 3 | 2 | 1,618 | $20,000,000 | 2025-09-08 |
| 800 E Dilido Dr | single_family | 3 | 3 | 2,117 | $3,000,000 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 1000 Venetian Way Apt 403 | condos | 3 | 3 | 2,445 | $2,250,000 | — |
| 1000 Venetian Way Apt 1902 | condos | 3 | 3 | 2,010 | $2,100,000 | — |
| 109 1st Dilido Ter | single_family | 3 | 4 | 2,481 | $4,450,000 | — |
| 1324 Lenox Ave | single_family | 3 | 2 | 1,804 | $1,600,000 | — |
| 288 Palm Ave | single_family | 3 | 3 | 2,022 | $4,250,000 | — |
| single_family | 3 | 4 | 3,029 | $13,000,000 | — | |
| 1800 Sunset Harbour Dr Unit 1212 | condos | 3 | 3 | 1,900 | $2,225,000 | — |
| 1853 Jefferson Ave Apt 6 | townhomes | 3 | 4 | 1,430 | $995,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,088,970 | $18,207 | -$172,508 | $2,373,187 | $715,783 |
| 2 | $3,181,639 | $19,187 | -$171,671 | $2,345,388 | $836,251 |
| 3 | $3,277,088 | $20,206 | -$170,797 | $2,315,680 | $961,408 |
| 4 | $3,375,401 | $21,268 | -$169,885 | $2,283,932 | $1,091,469 |
| 5 | $3,476,663 | $22,373 | -$168,934 | $2,250,004 | $1,226,659 |
| 6 | $3,580,963 | $23,522 | -$167,942 | $2,213,746 | $1,367,217 |
| 7 | $3,688,392 | $24,718 | -$166,907 | $2,174,998 | $1,513,394 |
| 8 | $3,799,043 | $25,962 | -$165,828 | $2,133,589 | $1,665,455 |
| 9 | $3,913,015 | $27,256 | -$164,704 | $2,089,336 | $1,823,679 |
| 10 | $4,030,405 | $28,602 | -$163,532 | $2,042,045 | $1,988,360 |