700 NW 214th St Apt 321

Miami Gardens, FL 33169 · condos · Pending — under contract · 177 days on market
Asking price$170,000
2 beds 2 baths 1,155 sqft
Suggested offer$162,127$7,873 above the est. market value of $162,127.
View on Realtor.com →
Listed by Luis Guzman · Continental Realty LLC
Typecondos
Built1974
Price / sqft$147
Est. value (own analysis)$162,127
Rent estimate (own analysis)$2,300/mo
HOA$679/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-03-09
Removed date
MLSMiamiMLS #A11973103
Coordinates25.97147, -80.21588
Address700 NW 214th St Apt 321
CityMiami Gardens
StateFL
Zip33169
Listing ID6736122041
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33169)

Typical home value (ZHVI)$471,445
Typical rent (ZORI)$2,193/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.

Underwriting (buy-and-hold, default assumptions)

Purchase price$170,000
Down payment (20.0%)$34,000
Loan amount$136,000
Closing costs (5.0%)$8,500
Total cash to close$42,500
Rent (comp-derived)$2,300$27,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,600
Vacancy rate (assumption) assumption8.0%

$27,600 × 8.0% = $2,208

Effective gross income$2,116$25,392
Property tax (placeholder 1.9% of price)$269$3,230
Insurance (placeholder 0.8% of price)$113$1,360
HOA dues$679$8,148
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$115$1,380
Total operating expenses$1,177$14,118
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$25,392
Total operating expenses derived$14,118

$25,392 − $14,118 = $11,274

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$136,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$136,000 amortized at 6.7% over 30 years = $874/mo

CapEx reserve (5.0% of GSR)$115$1,380
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$11,274
Annual debt service derived$10,488
Annual CapEx reserve assumption$1,380
Annual PMI assumption$0

($11,274 − $10,488 − $1,380 − $0) ÷ 12 = -$49

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$11,274
Purchase price data$170,000

$11,274 ÷ $170,000 = 6.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$594
Total cash to close derived$42,500

-$594 ÷ $42,500 = -1.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$11,274
Annual debt service derived$10,488

$11,274 ÷ $10,488 = 1.07

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,600
Purchase price data$170,000

($27,600 ÷ 12) ÷ $170,000 = 1.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$170,000
Gross scheduled rent (annual) comp$27,600

$170,000 ÷ $27,600 = 6.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$14,118
Effective gross income derived$25,392

$14,118 ÷ $25,392 = 55.6%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$14,118
Annual debt service derived$10,488
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,600

($14,118 + $10,488 + $0) ÷ $27,600 = 89.2%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos221,036$1,9902026-08-10
condos221,175$2,0002026-07-22
condos221,036$1,8002026-07-17
condos221,175$1,8002026-07-17
condos22860$2,2212026-07-15
condos221,087$1,8002026-07-13
apartment21783$1,7502026-07-13
apartment22775$1,8502026-07-06
condos221,036$1,9002026-07-03
condos221,175$1,9502026-07-03
apartment221,175$2,0002026-07-02
condos221,175$1,8752026-07-01
apartment21785$1,7502026-06-23
apartment221,000$2,1002026-05-30
condos221,225$2,1902026-05-29
condos221,036$1,8502026-05-27
condos221,175$1,9952026-08-04
apartment221,175$2,0002026-07-31
apartment221,036$2,0002026-07-30
condos22965$2,0002026-04-09
apartment22800$1,9002026-02-24
apartment22859$2,4452026-04-07
apartment22859$2,499
apartment22859$2,610
apartment22859$2,625
apartment221,221$3,194
apartment221,221$3,284
apartment221,221$3,291
apartment221,221$3,913
apartment22859$2,499
apartment22859$2,499
apartment22859$2,405
apartment221,057$2,650
apartment22859$2,499
apartment22859$2,600
condos221,036$1,8902026-08-28
condos22931$2,0002026-08-26
apartment22800$2,0502026-08-13
condos22926$2,1002025-11-25
condos221,175$1,9002026-08-25
condos22990$1,9992026-04-22
apartment22800$2,0002026-08-13
apartment221,100$1,9952026-06-03
apartment221,000$2,104
apartment221,085$2,966
apartment221,221$3,191
apartment221,000$2,014
apartment22859$2,605
apartment221,071$2,964
apartment221,225$2,400
apartment221,225$2,400
apartment221,225$2,410
apartment221,225$2,400
apartment221,000$2,084
apartment221,000$2,084
apartment221,000$2,114
apartment22859$2,625
apartment22859$2,625
apartment221,057$2,650
apartment22859$2,610
apartment22859$2,610
apartment22859$2,605
apartment221,057$2,650
apartment221,054$2,650
apartment22859$2,625
apartment221,054$2,650
apartment22859$2,625
apartment22859$2,625
apartment22859$2,615
apartment22870$2,3002026-08-07
condos221,036$1,9502026-08-28

498 NW 165th Street Rd Apt D501

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-08-10
Days on market

Asking rent: $1,990

View on Zillow →

484 NW 165th St Rd Apt A112

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,175
Listed2026-07-22
Days on market

Asking rent: $2,000

View on Zillow →

486 NW 165th St Rd Apt B101

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-07-17
Days on market

Asking rent: $1,800

View on Zillow →

498 NW 165th St Rd Apt D405

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,175
Listed2026-07-17
Days on market

Asking rent: $1,800

View on Zillow →

570 N Biscayne River Dr Unit B2

Golden Glades, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage860
Listed2026-07-15
Days on market

Asking rent: $2,221

View on Zillow →

15600 NW 7th Ave Apt 303

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,087
Listed2026-07-13
Days on market

Asking rent: $1,800

View on Zillow →

111 NW 152nd St Apt 16

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage783
Listed2026-07-13
Days on market

Asking rent: $1,750

View on Zillow →

16220 NW 2nd Ave Apt 412

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage775
Listed2026-07-06
Days on market

Asking rent: $1,850

View on Zillow →

492 NW 165th St Rd Apt C415

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-07-03
Days on market

Asking rent: $1,900

View on Zillow →

482 NW 165th St Rd Apt A505

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,175
Listed2026-07-03
Days on market

Asking rent: $1,950

View on Zillow →

488 NW 165th St Rd Apt B309

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,175
Listed2026-07-02
Days on market

Asking rent: $2,000

View on Zillow →

496 NW 165th St Rd Apt D612

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,175
Listed2026-07-01
Days on market

Asking rent: $1,875

View on Zillow →

111 NW 152nd St Apt 11

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage785
Listed2026-06-23
Days on market

Asking rent: $1,750

View on Zillow →

161 NW 164th St Apt 1

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,000
Listed2026-05-30
Days on market

Asking rent: $2,100

View on Zillow →

16220 NW 2nd Ave Apt 410

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,225
Listed2026-05-29
Days on market

Asking rent: $2,190

View on Zillow →

486 NW 165th St Rd Apt B201

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-05-27
Days on market

Asking rent: $1,850

View on Zillow →

486 NW 165th Street Rd Apt B206

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,175
Listed2026-08-04
Days on market

Asking rent: $1,995

View on Zillow →

482 NW 165th St Rd Apt A306

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,175
Listed2026-07-31
Days on market

Asking rent: $2,000

View on Zillow →

482 NW 165th St Rd Apt A201

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-07-30
Days on market

Asking rent: $2,000

View on Zillow →

16220 NW 2nd Ave Apt 411

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage965
Listed2026-04-09
Days on market

Asking rent: $2,000

View on Zillow →

175 NW 160th St Apt 319

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage800
Listed2026-02-24
Days on market

Asking rent: $1,900

View on Zillow →

15610 NW 2nd Ave Unit 508

Golden Glades, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed2026-04-07
Days on market

Asking rent: $2,445

View on Zillow →

15955 NW 6th Ave # B115

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,499

View on Zillow →

15955 NW 6th Ave # B302

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,610

View on Zillow →

15955 NW 6th Ave # A118

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,625

View on Zillow →

540 NW 259th St # 3-312

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,221
Listed
Days on market

Asking rent: $3,194

View on Zillow →

540 NW 259th St # 1-402

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,221
Listed
Days on market

Asking rent: $3,284

View on Zillow →

540 NW 259th St # 4-110

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,221
Listed
Days on market

Asking rent: $3,291

View on Zillow →

540 NW 259th St # 4-410

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,221
Listed
Days on market

Asking rent: $3,913

View on Zillow →

15955 NW 6th Ave # C505

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,499

View on Zillow →

15955 NW 6th Ave # D503

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,499

View on Zillow →

15955 NW 6th Ave # D315

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,405

View on Zillow →

482 NW 207th St # 2-102

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,057
Listed
Days on market

Asking rent: $2,650

View on Zillow →

15955 NW 6th Ave # D207

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,499

View on Zillow →

15955 NW 6th Ave # C320

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,600

View on Zillow →

488 NW 165th St Rd Apt B415

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-08-28
Days on market

Asking rent: $1,890

View on Zillow →

20520 NW 15th Ave Apt 230

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage931
Listed2026-08-26
Days on market

Asking rent: $2,000

View on Zillow →

175 NW 160th St Apt 208

North Miami Beach, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage800
Listed2026-08-13
Days on market

Asking rent: $2,050

View on Zillow →

1503 NW 207th St Apt 141

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage926
Listed2025-11-25
Days on market

Asking rent: $2,100

View on Zillow →

488 NW 165th St Rd Apt B412

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,175
Listed2026-08-25
Days on market

Asking rent: $1,900

View on Zillow →

301 NW 177th St Apt 130

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage990
Listed2026-04-22
Days on market

Asking rent: $1,999

View on Zillow →

175 NW 160th St Apt 309

North Miami Beach, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage800
Listed2026-08-13
Days on market

Asking rent: $2,000

View on Zillow →

201 NW 177th St Unit B206

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,100
Listed2026-06-03
Days on market

Asking rent: $1,995

View on Zillow →

950 NW 214th St # 19105

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,000
Listed
Days on market

Asking rent: $2,104

View on Zillow →

540 NW 259th St # 1-508

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,085
Listed
Days on market

Asking rent: $2,966

View on Zillow →

540 NW 259th St # 4-102

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,221
Listed
Days on market

Asking rent: $3,191

View on Zillow →

950 NW 214th St # 9102

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,000
Listed
Days on market

Asking rent: $2,014

View on Zillow →

15955 NW 6th Ave # B201

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,605

View on Zillow →

540 NW 259th St # 3-213

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,071
Listed
Days on market

Asking rent: $2,964

View on Zillow →

777 NW 155th Ln # 306PR

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,225
Listed
Days on market

Asking rent: $2,400

View on Zillow →

777 NW 155th Ln Apt 606

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,225
Listed
Days on market

Asking rent: $2,400

View on Zillow →

777 NW 155th Ln Apt 407

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,225
Listed
Days on market

Asking rent: $2,410

View on Zillow →

777 NW 155th Ln Apt 506

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,225
Listed
Days on market

Asking rent: $2,400

View on Zillow →

950 NW 214th St # 5204

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,000
Listed
Days on market

Asking rent: $2,084

View on Zillow →

950 NW 214th St # 6203

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,000
Listed
Days on market

Asking rent: $2,084

View on Zillow →

950 NW 214th St # 1206

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,000
Listed
Days on market

Asking rent: $2,114

View on Zillow →

15955 NW 6th Ave # D105

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,625

View on Zillow →

15955 NW 6th Ave # D107

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,625

View on Zillow →

482 NW 207th St # 4-307

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,057
Listed
Days on market

Asking rent: $2,650

View on Zillow →

15955 NW 6th Ave # B318

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,610

View on Zillow →

15955 NW 6th Ave # B301

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,610

View on Zillow →

15955 NW 6th Ave # B219

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,605

View on Zillow →

482 NW 207th St # 4-208

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,057
Listed
Days on market

Asking rent: $2,650

View on Zillow →

482 NW 207th St # 10-106

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,054
Listed
Days on market

Asking rent: $2,650

View on Zillow →

15955 NW 6th Ave # B108

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,625

View on Zillow →

482 NW 207th St # 10-105

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,054
Listed
Days on market

Asking rent: $2,650

View on Zillow →

15955 NW 6th Ave # C420

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,625

View on Zillow →

15955 NW 6th Ave # A120

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,625

View on Zillow →

15955 NW 6th Ave # B418

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed
Days on market

Asking rent: $2,615

View on Zillow →

30 NW 162nd St Unit 208

North Miami Beach, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage870
Listed2026-08-07
Days on market

Asking rent: $2,300

View on Zillow →

486 NW 165th St Rd Apt B301

Miami, 33169 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-08-28
Days on market

Asking rent: $1,950

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
430 NW 214th St Apt 103condos221,180$213,0002026-08-26
500 NW 214th St Apt 103condos221,122$155,0002026-07-17
465 NW 210th St Apt 103condos22816$132,5002026-06-09
440 NW 214th St Apt 104condos221,180$210,0002026-04-27
17339 NW 7th Ave Unit 505condos231,140$297,9992026-04-17
484 NW 165th St Rd Apt A516condos221,036$137,7142026-02-04
15600 NW 7th Ave Apt 708condos221,087$155,0002026-02-02
486 NW 165th St Rd Apt B506condos221,175$130,0002026-01-09
498 NW 165th St Rd Apt D601condos221,036$107,0002025-11-19
17349 NW 7th Ave Unit 1006condos231,140$285,0002025-11-12
17341 NW 7th Ave Unit 603condos231,140$284,0002025-11-07
492 NW 165th St Rd Apt C309condos221,175$93,0002025-11-06
488 NW 165th Street Rd Unit 309Bcondos221,175$130,0002025-11-03
486 NW 165th St Rd Apt B306condos221,175$155,0002025-10-31

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.

AddressTypeBedsBathsSqftAsking priceDays on market
492 NW 165th St Rd Apt C415condos221,036$199,000
15130 S River Drsingle_family211,076$1,000,000
496 NW 165th St Rd Apt D409condos221,175$160,000
15600 NW 7th Ave Apt 303condos221,087$169,000
condos221,175$140,000
486 NW 165th St Rd Apt B606condos221,175$159,000
484 NW 165th St Rd Apt A109condos221,175$130,000
482 NW 165th St Rd Apt A201condos221,036$175,000

10-year hold projection

IRR10.4%
Equity multiple2.63x
Total return (10yr)$91,295
YearProperty valueNOICash flowLoan balanceEquity
1$175,100$11,274-$594$134,525$40,575
2$180,353$11,683-$219$132,950$47,403
3$185,764$12,106$168$131,266$54,498
4$191,337$12,543$569$129,466$61,870
5$197,077$12,995$984$127,543$69,534
6$202,989$13,463$1,414$125,488$77,501
7$209,079$13,947$1,859$123,291$85,787
8$215,351$14,447$2,319$120,944$94,407
9$221,811$14,964$2,795$118,436$103,376
10$228,466$15,499$3,288$115,755$112,711
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.