| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $850,000 |
| Down payment (20.0%) | $170,000 |
| Loan amount | $680,000 |
| Closing costs (5.0%) | $42,500 |
| Total cash to close | $212,500 |
| Income | |
| Rent (comp-derived) | $3,800$45,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,496$41,952 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,346$16,150 |
| Insurance (placeholder 0.8% of price) | $567$6,800 |
| HOA dues | $265$3,180 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $190$2,280 |
| Total operating expenses | $2,368$28,410 |
| 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) | $190$2,280 |
| 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 | 4 | 3 | 2,026 | $3,800 | 2026-07-22 | — | |
| townhomes | 4 | 4 | 2,408 | $5,100 | 2026-06-17 | — | |
| townhomes | 4 | 4 | 1,970 | $3,800 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 10392 NW 31 TER | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,180 | $516,300 | 2025-11-06 |
| 10181 NW 32 TER | TOTAL VALUE : TOWNHOUSE | 4 | 2 | 2,030 | $600,000 | 2025-07-29 |
| 9145 NW 33 ST | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,335 | $800,000 | 2025-03-26 |
| 9167 NW 33 ST | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,481 | $850,000 | 2025-03-12 |
| 3116 NW 101 PL | TOTAL VALUE : TOWNHOUSE | 4 | 2 | 2,030 | $630,000 | 2025-02-28 |
| 10111 NW 32 TER | TOTAL VALUE : TOWNHOUSE | 4 | 2 | 2,030 | $580,000 | 2024-07-01 |
| 9137 NW 33 ST | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,408 | $833,000 | 2024-06-18 |
| 9153 NW 33 ST | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,335 | $725,000 | 2024-01-29 |
| 10372 NW 31 TER | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,180 | $600,000 | 2023-12-29 |
| 3255 NW 102 PL | TOTAL VALUE : TOWNHOUSE | 4 | 2 | 2,026 | $599,000 | 2023-11-27 |
| 3149 NW 102 PATH | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,180 | $600,000 | 2023-07-26 |
| 9155 NW 33 ST | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,335 | $715,000 | 2023-06-01 |
| 9143 NW 33 ST | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,335 | $700,000 | 2023-06-01 |
| 3243 NW 102 PL | TOTAL VALUE : TOWNHOUSE | 4 | 2 | 2,026 | $590,000 | 2023-05-05 |
| 9159 NW 33 ST | TOTAL VALUE : TOWNHOUSE | 4 | 3 | 2,408 | $730,000 | 2023-04-28 |
| 3055 NW 102 PATH | TOTAL VALUE : TOWNHOUSE | 4 | 2 | 2,026 | $590,000 | 2022-12-12 |
| 10376 NW 31 TER | TOTAL VALUE : TOWNHOUSE | 4 | 2 | 2,026 | $590,000 | 2022-11-02 |
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 |
|---|---|---|---|---|---|---|
| 1007 NW 106th Ave Cir | single_family | 4 | 3 | 1,962 | $629,000 | — |
| single_family | 4 | 4 | 2,602 | $999,999 | — | |
| 9167 Fontainebleau Blvd Apt 3 | condos | 4 | 3 | 1,782 | $435,000 | — |
| 9167 Fontainebleau Blvd Apt 6 | townhomes | 4 | 3 | 1,782 | $469,900 | — |
| 9133 Fontainebleau Blvd Apt 5 | condos | 4 | 4 | 1,970 | $474,800 | — |
| 928 NW 106th Ave Cir | single_family | 4 | 3 | 1,634 | $799,999 | — |
| 9840 NW 28th Ter | single_family | 4 | 3 | 2,614 | $1,298,000 | — |
| 9732 NW 32nd St | single_family | 4 | 3 | 2,400 | $939,999 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $875,500 | $13,542 | -$41,176 | $672,627 | $202,873 |
| 2 | $901,765 | $14,090 | -$40,685 | $664,748 | $237,017 |
| 3 | $928,818 | $14,659 | -$40,175 | $656,328 | $272,490 |
| 4 | $956,682 | $15,248 | -$39,646 | $647,330 | $309,352 |
| 5 | $985,383 | $15,858 | -$39,097 | $637,714 | $347,669 |
| 6 | $1,014,944 | $16,491 | -$38,527 | $627,437 | $387,507 |
| 7 | $1,045,393 | $17,146 | -$37,936 | $616,455 | $428,937 |
| 8 | $1,076,755 | $17,825 | -$37,323 | $604,719 | $472,036 |
| 9 | $1,109,057 | $18,529 | -$36,688 | $592,177 | $516,881 |
| 10 | $1,142,329 | $19,258 | -$36,028 | $578,773 | $563,556 |