| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $220,000 |
| Down payment (20.0%) | $44,000 |
| Loan amount | $176,000 |
| Closing costs (5.0%) | $11,000 |
| Total cash to close | $55,000 |
| Income | |
| Rent (comp-derived) | $2,205$26,460 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,029$24,343 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $348$4,180 |
| Insurance (est. scaled by flood & wind risk) | $235$2,816 |
| HOA dues | $382$4,584 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,323 |
| Total operating expenses | $1,075$12,903 |
| 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) | $110$1,323 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 800 | $1,829 | 2025-03-21 | — | |
| condos | 1 | 1 | 898 | $2,150 | 2026-08-14 | — | |
| apartment | 1 | 1 | 800 | $2,120 | 2026-08-10 | — | |
| condos | 1 | 2 | 922 | $2,150 | 2026-08-09 | — | |
| condos | 1 | 1 | 849 | $1,875 | 2026-07-24 | — | |
| condos | 1 | 1 | 770 | $1,995 | 2026-07-17 | — | |
| apartment | 1 | 2 | 1,149 | $2,400 | 2026-07-17 | — | |
| condos | 1 | 1 | 773 | $1,950 | 2026-07-15 | — | |
| condos | 1 | 2 | 1,149 | $2,150 | 2026-07-13 | — | |
| condos | 1 | 2 | 1,125 | $1,850 | 2026-07-06 | — | |
| condos | 1 | 2 | 1,125 | $1,950 | 2026-07-06 | — | |
| condos | 1 | 2 | 1,125 | $2,050 | 2026-06-30 | — | |
| apartment | 1 | 1 | 898 | $2,100 | 2026-06-24 | — | |
| condos | 1 | 1 | 838 | $2,000 | 2026-06-23 | — | |
| condos | 1 | 2 | 1,125 | $2,300 | 2026-06-22 | — | |
| condos | 1 | 1 | 839 | $1,700 | 2026-06-22 | — | |
| condos | 1 | 2 | 1,149 | $2,000 | 2026-08-31 | — | |
| apartment | 1 | 2 | 922 | $2,150 | 2026-06-20 | — | |
| condos | 1 | 1 | 838 | $1,950 | 2026-06-19 | — | |
| condos | 1 | 2 | 817 | $1,950 | 2026-06-12 | — | |
| condos | 1 | 2 | 1,149 | $2,150 | 2026-05-27 | — | |
| condos | 1 | 2 | 1,125 | $2,100 | 2026-08-04 | — | |
| condos | 1 | 1 | 813 | $1,875 | 2026-08-01 | — | |
| apartment | 1 | 2 | 922 | $2,250 | 2026-07-30 | — | |
| condos | 1 | 1 | 839 | $1,900 | 2026-07-28 | — | |
| apartment | 1 | 2 | 922 | $2,150 | — | — | |
| apartment | 1 | 1 | 800 | $2,120 | — | — | |
| apartment | 1 | 1 | 765 | $2,213 | — | — | |
| apartment | 1 | 1 | 763 | $2,331 | — | — | |
| apartment | 1 | 1 | 765 | $2,345 | — | — | |
| apartment | 1 | 1 | 794 | $2,304 | — | — | |
| apartment | 1 | 1 | 763 | $2,306 | — | — | |
| apartment | 1 | 1 | 763 | $2,321 | — | — | |
| apartment | 1 | 1 | 794 | $2,304 | — | — | |
| apartment | 1 | 1 | 794 | $2,294 | — | — | |
| apartment | 1 | 1 | 763 | $2,346 | — | — | |
| apartment | 1 | 1 | 763 | $2,356 | — | — | |
| apartment | 1 | 1 | 763 | $2,331 | — | — | |
| condos | 1 | 1 | 838 | $2,100 | 2026-08-28 | — | |
| apartment | 1 | 1 | 760 | $2,400 | 2025-12-04 | — | |
| apartment | 1 | 1 | 746 | $1,970 | 2025-12-03 | — | |
| condos | 1 | 2 | 839 | $2,000 | 2026-08-24 | — | |
| apartment | 1 | 1 | 798 | $2,394 | — | — | |
| apartment | 1 | 1 | 770 | $2,285 | — | — | |
| apartment | 1 | 1 | 763 | $2,331 | — | — | |
| apartment | 1 | 1 | 763 | $2,321 | — | — | |
| apartment | 1 | 1 | 735 | $2,110 | — | — | |
| apartment | 1 | 1 | 735 | $2,190 | — | — | |
| apartment | 1 | 1 | 750 | $2,205 | — | — | |
| apartment | 1 | 1 | 794 | $2,309 | — | — | |
| apartment | 1 | 1 | 765 | $2,370 | — | — | |
| apartment | 1 | 1 | 763 | $2,377 | — | — | |
| apartment | 1 | 1 | 794 | $2,279 | — | — | |
| apartment | 1 | 1 | 763 | $2,377 | — | — | |
| apartment | 1 | 1 | 763 | $2,402 | — | — | |
| apartment | 1 | 1 | 763 | $2,402 | — | — | |
| apartment | 1 | 1 | 794 | $2,329 | — | — | |
| apartment | 1 | 1 | 763 | $2,377 | — | — | |
| apartment | 1 | 1 | 765 | $2,385 | — | — | |
| apartment | 1 | 1 | 763 | $2,402 | — | — | |
| apartment | 1 | 1 | 765 | $2,345 | — | — | |
| apartment | 1 | 1 | 800 | $2,176 | 2026-08-31 | — | |
| condos | 1 | 2 | 1,125 | $2,100 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 9375 Fontainebleau Blvd Apt L315 | condos | 1 | 2 | 1,149 | $246,000 | 2026-08-14 |
| 9369 Fontainebleau Blvd Apt J107 | condos | 1 | 2 | 1,149 | $240,000 | 2026-08-04 |
| 220 NW 107th Ave Apt 101 | condos | 1 | 1 | 580 | $180,000 | 2026-07-28 |
| 8895 Fontainebleau Blvd Apt 301 | condos | 1 | 1 | 769 | $200,000 | 2026-07-27 |
| 9360 Fontainebleau Blvd Apt 503 | condos | 1 | 1 | 690 | $220,000 | 2026-07-17 |
| 9280 Fontainebleau Blvd Apt 505 | condos | 1 | 1 | 838 | $225,000 | 2026-07-10 |
| 200 NW 107th Ave Apt 104 | condos | 1 | 1 | 770 | $240,000 | 2026-07-02 |
| 9180 Fontainebleau Blvd Apt 302 | condos | 1 | 1 | 838 | $196,000 | 2026-06-30 |
| 130 NW 87th Ave Apt H107 | condos | 1 | 2 | 948 | $245,000 | 2026-06-30 |
| 9365 Fontainebleau Blvd Apt E117 | condos | 1 | 2 | 1,149 | $210,000 | 2026-05-21 |
| 100 NW 87th Ave Apt E102 | condos | 1 | 2 | 948 | $245,000 | 2026-04-16 |
| 9460 Fontainebleau Blvd Apt 421 | condos | 1 | 1 | 695 | $180,000 | 2026-04-09 |
| 706 NW 87th Ave Apt 212 | condos | 1 | 1 | 849 | $220,000 | 2026-02-23 |
| 9460 Fontainebleau Blvd Apt 528 | condos | 1 | 1 | 676 | $218,000 | 2026-02-05 |
| 9371 Fontainebleau Blvd Apt I112 | condos | 1 | 2 | 1,149 | $197,918 | 2026-01-30 |
| 401 NW 107th Ave Apt 107 | condos | 1 | 1 | 893 | $245,000 | 2026-01-15 |
| 9120 Fontainebleau Blvd Apt 404 | condos | 1 | 1 | 776 | $225,000 | 2026-01-01 |
| 686 NW 114th Ave Apt 202 | condos | 1 | 1 | 600 | $199,000 | 2025-12-10 |
| 9359 Fontainebleau Blvd Apt F210 | condos | 1 | 2 | 1,149 | $285,000 | 2025-12-01 |
| 9365 Fontainebleau Blvd Apt E209 | condos | 1 | 2 | 1,125 | $215,000 | 2025-11-14 |
| 8850 Fontainebleau Blvd Apt 404 | condos | 1 | 1 | 680 | $200,000 | 2025-10-31 |
| 9360 Fontainebleau Blvd Apt 413 | condos | 1 | 1 | 690 | $210,000 | 2025-10-28 |
| 9367 Fontainebleau Blvd Apt G239 | condos | 1 | 2 | 1,125 | $225,000 | 2025-10-10 |
| 9365 Fontainebleau Blvd Apt E207 | condos | 1 | 2 | 1,125 | $240,000 | 2025-10-08 |
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 |
|---|---|---|---|---|---|---|
| 9190 Fontainebleau Blvd Apt 202 | condos | 1 | 1 | 838 | $248,000 | — |
| 30 NW 87th Ave Apt C201 | condos | 1 | 2 | 922 | $250,000 | — |
| 9375 Fontainebleau Blvd Apt L219 | condos | 1 | 2 | 1,125 | $245,000 | — |
| 310 Fontainebleau Blvd Apt 204 | condos | 1 | 1 | 620 | $255,000 | — |
| 702 NW 87th Ave Apt 213 | condos | 1 | 1 | 839 | $195,900 | — |
| 11183 NW 7th St Unit 204-20 | condos | 1 | 1 | 767 | $279,000 | — |
| 9678 Fontainebleau Blvd Apt 311 | condos | 1 | 2 | 914 | $199,001 | — |
| 9688 Fontainebleau Blvd Apt 502 | condos | 1 | 1 | 813 | $207,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $226,600 | $11,440 | -$3,455 | $174,092 | $52,508 |
| 2 | $233,398 | $11,848 | -$3,080 | $172,053 | $61,345 |
| 3 | $240,400 | $12,269 | -$2,693 | $169,873 | $70,527 |
| 4 | $247,612 | $12,705 | -$2,292 | $167,544 | $80,068 |
| 5 | $255,040 | $13,156 | -$1,877 | $165,056 | $89,985 |
| 6 | $262,692 | $13,622 | -$1,447 | $162,396 | $100,296 |
| 7 | $270,572 | $14,104 | -$1,003 | $159,553 | $111,019 |
| 8 | $278,689 | $14,601 | -$543 | $156,516 | $122,174 |
| 9 | $287,050 | $15,116 | -$68 | $153,270 | $133,781 |
| 10 | $295,662 | $15,648 | $424 | $149,800 | $145,861 |