| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $920,000 |
| Down payment (20.0%) | $184,000 |
| Loan amount | $736,000 |
| Closing costs (5.0%) | $46,000 |
| Total cash to close | $230,000 |
| Income | |
| Rent (estimate) | $7,583$90,994 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,976$83,715 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,457$17,480 |
| Insurance (est. scaled by flood & wind risk) | $1,073$12,880 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $379$4,550 |
| Total operating expenses | $2,909$34,910 |
| 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) | $379$4,550 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 586 NE 62nd St | multi_family | 6 | 2 | 2,250 | $1,300,000 | 2026-08-06 |
| 567 NE 82nd Ter | multi_family | 6 | 6 | 4,095 | $750,000 | 2026-04-14 |
| 140 NE 77th St | multi_family | 6 | 2 | 2,324 | $460,000 | 2025-12-15 |
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 |
|---|---|---|---|---|---|---|
| 499 NE 64th St | multi_family | 6 | 6 | 2,483 | $3,000,000 | — |
| 650 NE 76th St | single_family | 6 | 5 | 3,107 | $2,799,000 | — |
| 1110 NE 84th St | single_family | 6 | 7 | — | $3,650,000 | — |
| 7700 NE 1st Ct | single_family | 6 | 2 | 1,211 | $615,000 | — |
| 775 NE 77th Ter | single_family | 6 | 7 | 6,902 | $9,500,000 | — |
| 7101 NE 10th Ave | single_family | 6 | 7 | 8,118 | $24,850,000 | — |
| 7115 NE 10th Ave | single_family | 6 | 7 | 7,392 | $18,700,000 | — |
| 169 NE 69th St | multi_family | 6 | 6 | — | $2,200,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $947,600 | $48,805 | -$12,501 | $728,020 | $219,580 |
| 2 | $976,028 | $50,444 | -$10,976 | $719,492 | $256,536 |
| 3 | $1,005,309 | $52,136 | -$9,401 | $710,379 | $294,930 |
| 4 | $1,035,468 | $53,883 | -$7,773 | $700,640 | $334,828 |
| 5 | $1,066,532 | $55,688 | -$6,091 | $690,232 | $376,301 |
| 6 | $1,098,528 | $57,551 | -$4,353 | $679,109 | $419,419 |
| 7 | $1,131,484 | $59,475 | -$2,558 | $667,222 | $464,262 |
| 8 | $1,165,428 | $61,462 | -$703 | $654,519 | $510,909 |
| 9 | $1,200,391 | $63,513 | $1,213 | $640,944 | $559,447 |
| 10 | $1,236,403 | $65,631 | $3,193 | $626,437 | $609,966 |